Yet in popular media accounts from the Great Depression, the focus is almost always on the stock market and the Great Crash of 1929. You hardly ever hear that it was the contraction of credit and the seizing up of credit markets that made the Great Depression so traumatic.
How Out-of-Control Credit Markets Threaten Liberty, Democracy and Economic Security | Economy | AlterNet
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Seeded on Thu Jul 12, 2012 9:05 AM
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