HISTORY (26) Discussion Essay Example | Topics and Well Written Essays - 250 words

HISTORY (26) Discussion - Essay ExampleIf human distraint had any face then, it would not be incorrect to say that economic monster was there to solve that role I asked him was it caused by banks. He said no. it was mainly caused by stock prices which were experiencing an unaccustomed level of upward increase. Furthermore, he contended that many people had lost their confidence on the economy aft(prenominal) the year of 1929. Consequently, they preferred to withdraw their coin. I asked him Do you believe that it is safe to avoid depositing cash in banks in these days? He found it difficult to agree with me. He contended that it would be unwise to adhere responsible banks for them and putting money in your own custody. Furthermore, he said by putting money at oneself would increase the risk of theft and snatching or robbery. Nowadays, there are more stringent measures on banks and other financial institutions for fund management in comparison with the economic measures of the er a of heavy(p) depressive disorder when the economic policies were neither strict nor having a tight control over many aspects of the economic policies. References Romer, Christina. Great Depression. Available at http//www.econ.berkeley.edu/cromer/great_depression.pdf Accessed on 09 February, 2011