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Essays on the Great Depression (Princeton University Press, 2000) (Chapter One – "The Macroeconomics of the Great Depression" Archived 2010-07-04 at the Wayback Machine online) Best, Gary Dean. Pride, Prejudice, and Politics: Roosevelt Versus Recovery, 1933–1938 (1991) ISBN 0-275-93524-8 , a conservative viewpoint online
Essays on the Great Depression (2000) Bernstein, Michael A. The Great Depression: Delayed Recovery and Economic Change in America, 1929–1939 (1989) focus on low-growth and high-growth industries; Bordo, Michael D., Claudia Goldin, and Eugene N. White, eds. The Defining Moment: The Great Depression and the American Economy in the Twentieth ...
The term "The Great Depression" is most frequently attributed to British economist Lionel Robbins, whose 1934 book The Great Depression is credited with formalizing the phrase, [230] though Hoover is widely credited with popularizing the term, [230] [231] informally referring to the downturn as a depression, with such uses as "Economic ...
The historical analysis of the Great Depression and Mexican tequila crisis given are well detailed, but other cases are arguably less detailed. [2] Economists such as Cochrane, Ritenour and Keith Rankin, criticise the oversimplification of necessary mathematical models and suggest that without these, the arguments lack logic and consistency.
America's Great Depression is a 1963 treatise on the 1930s Great Depression and its root causes, written by Austrian School economist Murray Rothbard. The book blames government policy failures for the Great Depression, and challenges the widely-held view that capitalism is unstable.
At the height of the Great Depression, in 1933, Keynes published The Means to Prosperity, which contained specific policy recommendations for tackling unemployment in a global recession, chiefly counter-cyclical public spending. The Means to Prosperity contains one of the first mentions of the multiplier effect. While it was addressed chiefly ...
[244] Rothbard criticized Friedman's conclusion that the Great Depression happened as a result of a deflationary spiral, arguing that this is inconsistent with the data, even though during the period described by Friedman as "The Great Contraction", the money supply did in fact decrease year-over-year by over 10 percentage points. [245]
The Dow Jones Industrial Average, 1928–1930. The "Roaring Twenties", the decade following World War I that led to the crash, [4] was a time of wealth and excess.Building on post-war optimism, rural Americans migrated to the cities in vast numbers throughout the decade with hopes of finding a more prosperous life in the ever-growing expansion of America's industrial sector.