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Do you think there is ambiguity surrounding the role of the 1929 stock market crash as a cause of the Great Depression? Why or why

  1. Do you think there is ambiguity surrounding the role of the 1929 stock market crash as a cause of the Great Depression? Why or why not?
  2. Can you imagine living in an economy with a 25% rate of unemployment? What would it feel like?
  3. In the view of Christina Romer, what have economists learned from the policy responses to the Great Depression?

Lessons from the Great Depression for Economic Recovery in 2009 by Christina D. Romer

https://eml.berkeley.edu/~cromer/CEA/Lessons_from_the_Great_Depression_for_Economic_Recovery_in_2009.pdf

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