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6 November, 18:15

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

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  1. 6 November, 19:53
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    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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