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Bernanke on money, gold, and the Great Depression

In the speech 'Money, Gold, and the Great Depression' given on 2 March Ben Bernanke of the Federal Reserve said that research into the global spread of the Great Depression adds to the view that policy errors fostered the devastating economic downturn.

Bernanke outlined several policy mistakes in the late 1920s and early 1930s that researchers have identified as key contributors to the period when prices plummeted and the stock market crashed.

These included ill-timed interest-rate increases

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