2. This chapter discusses how an understanding of adverse selection and moral hazard can help us better understand financial crises. The greatest financial crisis faced by the U.S. has been the Great Depression from 1929–1933. Go to www.amatecon.com/greatdepression

.html. This site contains a brief discussion of the factors that led to the Depression. Write a one-page summary explaining how adverse selection and moral hazard contributed to the Depression.