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Developments Of The Modern Day
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OUTLINE THE MOST IMPORTANT CAUSES OF THE GREAT DEPRESSION. PROVIDE APPROPRIATE EVIDENCE TO ILLUSTRATE THE SCALE OF THE GREAT DEPRESSION IN ADVANCED NATIONS
The Great Depression was the largest economical disaster ever to have happened. Unlike World War One, fifteen years earlier, the great depressi ....
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....x had believed that these cycles were a pattern leading to the ultimate destruction of Capitalism. It was infact a Russian economist, N.D.Kondratiev who predicted a large economic downturn, by looking at economies over a larger time scale or ‘Wave’ (A). However the capitalist economists dismissed his claims.
On the 28th of October 1929, a day now known as Black Tuesday, the American stock market collapsed
A) N.A.Kondratiev had studied economic cycles over larger periods of time. He measured cy.... |
| Number of words: 1710 |
Approximate pages: 7 |
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