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| Preface | |
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| Prosperity Gives Way to the Great Depression | |
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| Economic growth in the 1920s | |
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| Declining industries | |
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| Taxes, income distribution, and the stock market boom | |
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| Initial stages of the great contraction | |
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| The collapsing world economy | |
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| Continuing decline, increasing unrest, and the final banking panic | |
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| The state of the economy in March 1933 | |
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| What Caused the Great Depression? | |
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| A framework for analysis: markets, prices, and economic contractions | |
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| Banks and the Federal Reserve System | |
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| The gold standard | |
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| Explaining the contraction: World War I dislocations, debts, and reparations | |
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| Restoring the gold standard | |
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| German hyperinflation | |
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| Destabilizing gold flows and the deflationary policies | |
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| Why the depression was more severe in the United States | |
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| The First New Deal, 1933-1935 | |
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| Roosevelt and his advisers | |
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| Ending the financial crisis | |
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| The First Hundred Days | |
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| The first Agricultural Adjustment Act | |
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| The National Industrial Recovery Act | |
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| Slow recovery from 1933 to 1935 | |
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| End of the NRA | |
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| The Recovery Aborted, 1935-1939 | |
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| Recovery from 1935 to 1937 | |
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| Roosevelt swings to the left | |
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| The 1937-1938 depression | |
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| Why recovery was so slow | |
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| The Legacy of the Great Depression | |
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| World War II and the rise of Keynesian economics | |
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| Monetary policy after the Great Depression | |
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| Growth of the federal government and federal fiscalism | |
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| Intervention in agriculture | |
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| The rise of social welfare programs | |
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| International trade and finance | |
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| Could it happen again? | |
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| A Note on Sources | |
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| Index | |