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A Further Study to Lawrence Stratton’s “Economics of the Great Depression�
Perhaps the most infamous economic collapse in history, the Great Depression is remembered as one of the most devastating events in American history. The tragedy of Black Tuesday would cascade into global crisis that impoverished the entire world. International trade slowed, crushing all developing nations that relied on imported goods. 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. 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.......

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Approximate Word Count: 782
Approximate Pages: 4 (250 words per double-spaced page)

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