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The Great Depression
Beginning of Essay
of the 1920’s and 1930’s has had a strong and long lasting effect all over the world. It ruined the strong economies and destroyed the smaller ones. Every government had its own opinion of what and how to get itself out of this crisis. As the struggle of t .... Middle of Essay .... MacDonald and his government, a group called the “National Coalition Government of Conservatives, Labourites and Liberals”, stated several ideas which together would cause a solution to the falling financial and industrial markets. Great Britain first off closed their market from others, forcing the people to purchase their products rather than ones from other countries. Great Britain thought that if they could the costs of productions were reduced then more people would be willing to buy more and subsequently restart the markets purchasing cycle. Prime Minister Macdonald stated this in his speech on February 12, 1931, “To combat hard ....
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Words: 1605 - Pages: 6
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