1. Avoiding Another Financial Crisis
The fundamental reason of Great Depression in USA was decline in aggregate demand which led to a decline in production as manufacturers and merchandisers noticed an unintended rise in inventories, but all this start as it always happens in American economy from the financial sector. ... According to the monetarists Milton Friedman, Anna Schwartz and current chairman of Federal Reserve System Ben Bernanke at the time of Great Depression American central bank's policy making was really poor and it unwind loop of the crisis even more dramatically. ... If we make comparison in history of Amer...
- Word Count: 1664
- Approx Pages: 7
- Has Bibliography
- Grade Level: Undergraduate