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Effects of the Great Depression The introduction of the discussion will focus on the origins of the Great Depression and the escalating events that led to it. Thiswill provide adequate foundations to bring up questions and attempt to answer them in an objective fashion as to why and how the Depression affected different industrialized countries in different ways. The core of the debate will consist of detailed comparable analyses of the consequences of the Depression …

…United States and Great Britain in particular.10 When it comes to Japan, two reasons are proposed to explain its good economic performance through the Depression: the fact that it had a planned economy, and the early understanding of the advantages of devaluating the yen. Japan improved its competitive position that way and it reacted very soon after the Depression hit. As a result, the effects of the crisis were greatly reduced from the start. ---