Rethinking the Great Depression A New View of Its Causes and Consequences

ISBN-10: 1566634717

ISBN-13: 9781566634717

Edition: 2002

Authors: Gene Smiley

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Drawing upon recent economic scholarship to present a clear and nontechnical analysis, Mr. Smiley offers new insights and some surprising conclusions about the causes of the Great Depression, the consequences of the New Deal, and the economic effects of World War II. An accessible survey...challenges the popular belief that the Great Depression demonstrates the instability of markets and the need for goevernment oversight and direction. --Journal of Economic Literature. A widely accessible and clearly written summary of the main causes of the Great Depression and its legacy for economic policy. --David C. Wheelock, EH.Net
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Book details

List price: $12.95
Copyright year: 2002
Publisher: Ivan R. Dee Publisher
Publication date: 7/21/2003
Binding: Paperback
Pages: 192
Size: 5.50" wide x 8.25" long x 0.50" tall
Weight: 0.682
Language: English

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