Title: A Further Study To Lawrence Stratton'S Economics Of The Great Depression

Essay Details

Subject: American History
Author: Elizabeth P
Date: February 10, 2017
Level: University
Grade: A
Length: 3 / 776
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

The Federal Reserve, which was established in 1913 by the Federal Reserve Act, is a shared government and private owned bank which is the central banking system in the United States. The Federal Reserve regulates the economy to prevent recession; this is done by the amount of money the Federal Reserve Bank loans to private banks, which in turn gives loans to entrepreneurs and individuals...

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In Lawrence Stratton’s article “The Economics of the Great Depression,” he blames the decline of the American economy and the eventual stock market crash on the Federal Reserve. Stratton states the Federal Reserve “collapsed purchasing power and forced twenty-five percent of the workforce into unemployment...

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