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.
Historians agree that there is no one cause. or even a major cause, of the Great Depression. There are several causes that do appear near the top on any one's list of causes for the Depression. 1. No regulation of the Stock Market and the practice of buying stocks on margin.