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The Great Depression Arguments For How and Why It Happened NBSP NBSP NBSP NBSPEven though the Great Depression happened many years ago there is still some difference of opinion on exactly how it happened This is partly because there were so many things happening within that period of time For the most part it was a fairly turbulent time of peace in between the two largest wars of the 20th century Add on to that the readjustment to the gold standard after many countries suspended it during the First World War and you have quite a world-wide financial mess Also the return to the gold standard by many countries was a problem because they set the value back to the pre-war value of gold This caused severe problems because each countrys supply of gold had likely changed dramatically during the war Given all the evidence of turmoil during this time it is fairly easy to see that the United States was not the only country going through some sort of depression or recession Although there are still some people that think it all beg an with the United States in October 1929 It may be true that the US was one of the hardest hit by the Depression which was easy to see by looking at the enormous market crash in but that does not mean that other countries were suffering also While not as abrupt as the depression in the US other major world powers were suffering long before the October 1929 fall of the market The truth is that few Economists can agree about how the Great Depression started or where it started There are quite a few different factors to look at between the time of the First and Second World Wars NBSP NBSP NBSP NBSPThe largest and most interesting factor to look at is the gold standard It has a large part to
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