In The Large Sense The Primary Cause Of The Great Depression Was The War Of 1914-1918. Without The War There Would Have Been No Depression Of Such Dimensions. There Might Have Been A Normal Cyclical Recession; But, With The Usual Timing, Even That Readjustment Probably Would Not Have Taken Place At That Particular Period, Nor Would It Have Been A "great Depression.
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In The Large Sense The Primary Cause
Herbert Hoover
In The Large Sense The Primary Cause Of The Great Depression Was The War Of 1914-1918. Without The War There Would Have Been No Depression Of Such Dimensions. There Might Have Been A Normal Cyclical Recession; But, With The Usual Timing, Even That Readjustment Probably Would Not Have Taken Place At That Particular Period, Nor Would It Have Been A "great Depression.
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