Search results
Results From The WOW.Com Content Network
The Great Contraction, as characterized by economist Milton Friedman, was the recessionary period from 1929 until 1933, i.e., the early years of the Great Depression. [1] The phrase was the title of a chapter in the 1963 book A Monetary History of the United States by Friedman and his fellow monetarist Anna Schwartz .
Friedman wrote extensively on the Great Depression, and he termed the 1929–1933 period the Great Contraction. He argued that the Depression had been caused by an ordinary financial shock and the duration and seriousness of which were greatly increased by the subsequent contraction of the money supply caused by the misguided policies of the ...
A Monetary History of the United States, 1867–1960 is a book written in 1963 by future Nobel Prize-winning economist Milton Friedman and Anna Schwartz.It uses historical time series and economic analysis to argue the then-novel proposition that changes in the money supply profoundly influenced the United States economy, especially the behavior of economic fluctuations.
Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Pages for logged out editors learn more
In the panned sequel to the 2018 DC Comics movie "Aquaman," Kidman returns as Atlanna, Aquaman's mother and the former queen of Atlantis. One critic said the movie "spectacularly misfires." Rotten ...
The post also caught the eye of Tesla CEO Elon Musk, who reposted it, along with a “100%” emoji to signal his full agreement with Friedman’s message. Hedging against inflation
Friedman and Schwartz write: "From the cyclical peak in August 1929 to a cyclical trough in March 1933, the stock of money fell by over a third." The result was what Friedman and Schwartz called "The Great Contraction" [10] — a period of falling income, prices, and employment caused by the choking effects of a restricted money supply ...
When we think of boy bands, acts like the Backstreet Boys and *NSYNC typically come to mind, but the new documentary film Larger Than Life: Reign of the Boybands is a look at the history of boy ...