During the 1930's there was a world wide economic crisis known as the great depression, which effected many countries including Europe and America. The great depression had managed to affect a vast amount of different industries such as agriculture and finance bringing them down to an almost standstill causing unemployment rates to increase and consumer demand to decrease. The causes of the great depression are debateable due to different economists theory on government policies and …
showed first 75 words of 1184 total

showed last 75 words of 1184 total
…retrieve it when it is needed through the actual bank branch or the ATM machine. When this money is put into a bank account, the actual money is then used by banks to lend to other customers in the form of loans and mortgages. The hoarding of money can only cause problems when the wages and price levels do not fall as the money supply in the economy reduces due to hoarding. The gold standard