The Great Depression (Source: Special Topic 7 in the Gwartney Textbook) 300 word minimum
Chapter 16 lists six Institutional Elements that lead to Economic Growth. Those Institutional Elements are:
A legal system that protects property rights and enforces contracts even-handedly.
Competitive Markets
Access to Money of Stable Value
Avoidance of Regulations that restrain trade and entry into markets
Avoidance of High Marginal Tax Rates
Trade Openness
Explain the policies implemented leading up to and during the Great Depression that violated these Institutional Elements and contributed to the length and severity of the Great Depression.
Sample Solution