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At the beginning of the Great Depression, most economists believed in Say's law and the equilibrating powers of the market, and failed to understand the severity of the Depression. Outright leave-it-alone liquidationism was a common position, and was universally held by Austrian School economists. [ 112 ]
The Byzantines took advantage of temporary discord to occupy the eastern end of the island for several years. Raids into Southern Italy continued under the Kalbids into the 11th century, and in 982 a joint Christian army under the Emperor Otto II and the brothers Landulf and Pandulf was defeated at Stilo near Crotone in Calabria .
A conference session including Clement Attlee, Ernest Bevin, Joseph Stalin, Vyacheslav Molotov, William D. Leahy, Joseph E. Davies, James F. Byrnes, and Harry S. Truman From left to right, first row: General Secretary Joseph Stalin; President Harry Truman, Soviet Ambassador to the United States Andrei Gromyko, Secretary of State James F. Byrnes, and Soviet Foreign Minister Vyacheslav Molotov.