The Great Depression Revisited

The Great Depression Revisited
Author :
Publisher : Springer Science & Business Media
Total Pages : 367
Release :
ISBN-10 : 9789400981355
ISBN-13 : 940098135X
Rating : 4/5 (35X Downloads)

Book Synopsis The Great Depression Revisited by : K. Brunner

Download or read book The Great Depression Revisited written by K. Brunner and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fateful days of the great stock market crash entered modem history almost 50 years ago to this day. The cyclic turning point of the U. S. economy oc curred, however, around June 1929, and economic activity receded substantial ly over the subsequent months. The onset of an economic downswing thus became clearly visible before the famous crash. But the October event stays in the public's mind as the symbol of the Great Depression. For nearly four years, until the spring of 1933, the U. S. economy plunged into a deep reces sion. Activity declined, prices fell, and there emerged a massive unemploy ment problem. The economy ultimately overcame this shock in 1933. Prices rose rapidly in spite of substantial margins of unusual resources. Activity ex panded, but occasionally at a somewhat hesitant rate. The expansion, however, was interrupted by another recession of major proportions during 1937-38. The tragic sequence of events shaped public consciousness and influenced new approaches and views in economic policymaking. The activist approach to "stabilization policy" and a wide range of regulatory policies were essentially justified in terms of this experience. These policies were crucially influenced by our understanding and interpretation of the Great Depression. The view of a radically unstable economic process perennially on the edge of serious collapse gained wide popularity and became a central element of the Keynesian tradi- 2 INTRODUCTION tion. It encouraged, with supplementary interpretations, an interventionist and expanding role of the government in our economic affairs.


The Great Depression Revisited Related Books

The Great Depression Revisited
Language: en
Pages: 367
Authors: K. Brunner
Categories: Business & Economics
Type: BOOK - Published: 2012-12-06 - Publisher: Springer Science & Business Media

GET EBOOK

The fateful days of the great stock market crash entered modem history almost 50 years ago to this day. The cyclic turning point of the U. S. economy oc curred,
The Great Depression Revisited
Language: en
Pages: 293
Authors: H. van der Wee
Categories: Business & Economics
Type: BOOK - Published: 2012-12-06 - Publisher: Springer Science & Business Media

GET EBOOK

For a quarter of a century the industrial Western world has been living in the euphoria of continuous improvements in welfare, based on economic programming, in
The Great Depression Revisited
Language: en
Pages: 372
Authors: K Brunner
Categories: Depressions
Type: BOOK - Published: 1981-12-31 - Publisher:

GET EBOOK

Chicken Coop Revisited
Language: en
Pages: 260
Authors: Alice L. Waltmire
Categories: History
Type: BOOK - Published: 2012-09-13 - Publisher: AuthorHouse

GET EBOOK

In 1932, at age four, Alice moved with her family of five in the dilapidated house on the hill, above the creek bed where hobos, weary of riding the rails looki
The Great Depression Revisited
Language: en
Pages: 304
Authors: Herman Van der Wee
Categories:
Type: BOOK - Published: 1973-07-31 - Publisher:

GET EBOOK