Economic history: What can we learn from the Depression? | The Economist - 0 views
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Can economic historians give policy-makers advice on the basis of what they believed caused the Great Depression? A discussion of this topic by Britain’s top economic historians in a lecture at Cambridge University on November 4th suggested the question is more complex than it first appears
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what has made producing lessons more difficult is that many traditional views about the causes of the Depression have been overturned by academics in recent decades.
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Although the rise of protectionism increased the velocity and depth of the depression when tariffs started rising in 1930, they were still only responsible for part of the fall in world GDP during the Depression
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