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.
Inevitably, these measures would lead the causes of the Great Depression. Although the causes are greatly debated, certain causes are most notable. Causes such as false prosperity, the stock market crash, the banking crisis, unemployment and trade collapse are significant in understanding such a historical event. false prosperity. False Prosperity prior to the Great Depression referred to a false sense of the economy thriving.