The Questions many Americans are asking themselves is what will happen in the near future in relation to the economic status of the country. However, the question one should be asking is, ‘Is history repeating itself?’ Starting from the great depression, we will focus on the trend that the US economy follows and try to base our stand with regard to the asked question (‘Is history repeating itself?)
The great depression
Economists and historians have been arguing for decades about the actual cause the great depression (1929 to 1932), but none of them produced a cause that could be universally accepted. It is ...