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.
All of the following were causes of the Great Depression EXCEPT: unequal distribution of wealth a drop in agricultural production in the mid-1920s the dominance of oligopolies in the American economy reckless banking and speculation unchecked by regulation.ll of the following were causes of the Great Depression EXCEPT: unequal distribution of wealth a drop in agricultural production in the mid-1920s the dominance of oligopolies in the American economy reckless banking and speculation unchecked by regulation.