To properly understand the events of the time, it is factually appropriate to view the Great Depression as not one, but four consecutive downturns rolled into one. These four "phases" are:[2]

I. Monetary Policy and the Business Cycle

II. The Disintegration of the World Economy

Stay Engaged

Receive our weekly emails!

III. The New Deal

IV. The Wagner Act

The first phase covers why the crash of 1929 happened in the first place; the other three show how government intervention worsened it and kept the economy in a stupor for over a decade. Let’s consider each one in turn.

~~~~~

Related Articles:

Planning for Life Workshop – Suttons Bay, MI

Planning for Life Workshop – Grand Rapids, MI

The Boundaries of Educational Choice: Surveying Michigan's Private School Landscape

Free Market Solutions to Problems in Health Care

Planning for Life Workshop – Detroit, MI

Can I Catch a Ride?: Regulating Uber and Lyft in Michigan