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.
The Great Depression lasted from 1929-1939. What caused the Great Depression, the worst economic depression in the history of the United States? The truth is that is not possible to point to just one factor. Instead a combination of domestic and worldwide conditions led to the Great Depression.