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sesenic [268]
3 years ago
5

According to Friedman’s opinion, who is responsible for the Great Depression

Social Studies
1 answer:
dezoksy [38]3 years ago
8 0

Friedman argued that the Great Depression was caused by the Federal Reserve not preventing the sharp drop in the money supply that took place during the period 1929–1933.

In other words, the Fed turned a normal recession into a depression by failing to implement an expansionary monetary policy in the early 1930s.

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