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  1. Patty Royse
    Jan 10 - 6:44 pm

    I’m doing a research paper on the cause of the great depression and your blog is proving to be alot of help, but I am looking for even more info. I found this article cause of the great depression but I’m not sure I believe the ‘official’ story… I’m looking for the ACTUAL cause of the great depression, if you have any sources of some other sources for info please send them to me.take care

  2. Faigy E. Abdelhak
    Jan 11 - 2:15 pm

    Theory is probably a good place to start, as Marxism grew in popularity in the U.S. in light of the Great Depression (and then again declined in popularity during the recovery). If you want to look more into Marx’s take on economic theory as it pertains to the downfalls of Capitalism, he often co-authors with Engels on the subject. I’ve read “The Marx-Engels Reader” and another in-depth read is on the subject “Capital” (http://en.wikipedia.org/wiki/Das_Kapital#Publication). You probably want to look into other economic theorists as well to give a few viewpoints on the possible economic causes. Among the many worthy people to look into, I’d say Noam Chomsky should be one of them, and this 2008 interview with him in The Huffington Post may prove useful and a good place to startl: http://www.huffingtonpost.com/ben-cohen/my-interview-with-noam-ch_b_140323.html.

    Aside from books focused on the Great Depression itself, and there are many, you may also want to look into working class studies. I’m not sure anyone knows the cause of the Great Depression, but the formation of America’s working class and their daily struggles may provide a good insight into possible cause theories. Good books include “New Working-Class Studies,” “Dynamite,” and “American Working-class Literature.” Some good documentaries include “Harlan County U.S.A.” and “Walmart: The High Cost of Low Price.”

    Last, but not least, Wikipedia always offers a good overview of the issues and on the Great Depression, it looks like it have many great topics to start with and further research on your own: http://en.wikipedia.org/wiki/Great_Depression#New_classical_approach. I’ve heard that the neoclassical perspective or the “new classic” approach is a very well respected theory on the cause, but I’m sure the others are as well.

    Hope this helps!

  3. The Merits of Marxism «
    Jun 10 - 9:56 am

    […] The real barrier to a more equitable society lies in the reality that those who hold the power are the ones on the winning end of the current economic system. And those with the most economic clout are also those with considerable lobbying power on Capitol Hill. As the divide between the rich and the poor grows, the only way an individual or company with booming bank accounts would want a more equitable system, which will probably spell economic losses on their end, is from reasons of conscience. And how likely is that? *This post was originally written for the “The Global Citizen” project for AJWS on NewVoices.org: http://blog.newvoices.org/?p=1469 […]

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