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  • Why Hoover's High Wage Policy had effect?

    When trying to understand the causes of the Great Depression, the most important thing to understand, in my opinion, would be the high unemployment at the time. So, the best explanation I saw, coherent to economic theory, is that at the time, Hoover had stablished a "High Wage Policy", that...
    Posted to Economics Questions (Forum) by Gabriel Godinho on Thu, Feb 10 2011
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