The first thing you need is obviously a replacement water heater element, and also a socket to fit. The most common size is 1 1/2â³, and a couple of screwdrivers and nut drivers depending on exactly what you need on your water heater to expose the element.
Essentially, the Great Depression, in their view, was caused by the fall of the money supply. The result was what Friedman calls the Great Contraction â a period of falling income, prices, and employment caused by the choking effects of a restricted money supply.
This caused the Great Depression because just like buying on margin, people couldn't pay back what they borrowed. black tuesday. October 29, 1929; the day the stock market crashed. It is a cause of the Great Depression because it is what made everyone lose there money.