According to Friedman’s opinion, who is responsible for the Great Depression

Friedman argued that the Great Depression was caused by the Federal Reserve not preventing the sharp drop in the money supply that took place during the period 1929–1933.

In other words, the Fed turned a normal recession into a depression by failing to implement an expansionary monetary policy in the early 1930s.

the aksumite empire was an ancient kingdom located in what is now northern ethiopia from the period of 100 ad to 940 ad. its capital was the city of aksum. the kingdom established itself as one of the 4 great powers at its time, along with persia, rome, and china.

the kingdom was rich in goods like gold, iron, and salt. it established strong commercial ties with the regions governed by rome, egypt, and persia (arabia). aksum was a key location in this commercial network. trade was also facilitated with the introduction of the aksumite currency.