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Wikipedia「Long Depression」

Wikipedia (according to the sources of each article)

Claims Supported by This Source

  1. The monetarist view is that the recession from 1873 was due to a gold shortage, which was alleviated by gold discoveries in 1848, 1886, and 1896-99.
  2. Other theories exist. Wells showed that the U.S. money supply had increased during the period of falling prices.

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