Download or read book The Defining Moment written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2007-12-01 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: In contemporary American political discourse, issues related to the scope, authority, and the cost of the federal government are perennially at the center of discussion. Any historical analysis of this topic points directly to the Great Depression, the "moment" to which most historians and economists connect the origins of the fiscal, monetary, and social policies that have characterized American government in the second half of the twentieth century. In the most comprehensive collection of essays available on these topics, The Defining Moment poses the question directly: to what extent, if any, was the Depression a watershed period in the history of the American economy? This volume organizes twelve scholars' responses into four categories: fiscal and monetary policies, the economic expansion of government, the innovation and extension of social programs, and the changing international economy. The central focus across the chapters is the well-known alternations to national government during the 1930s. The Defining Moment attempts to evaluate the significance of the past half-century to the American economy, while not omitting reference to the 1930s. The essays consider whether New Deal-style legislation continues to operate today as originally envisioned, whether it altered government and the economy as substantially as did policies inaugurated during World War II, the 1950s, and the 1960s, and whether the legislation had important precedents before the Depression, specifically during World War I. Some chapters find that, surprisingly, in certain areas such as labor organization, the 1930s responses to the Depression contributed less to lasting change in the economy than a traditional view of the time would suggest. On the whole, however, these essays offer testimony to the Depression's legacy as a "defining moment." The large role of today's government and its methods of intervention—from the pursuit of a more active monetary policy to the maintenance and extension of a wide range of insurance for labor and business—derive from the crisis years of the 1930s.
Download or read book The Great Depression as a Watershed written by Maurice Obstfeld and published by . This book was released on 1997 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book China During the Great Depression written by Tomoko Shiroyama and published by BRILL. This book was released on 2020-03-23 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Great Depression was a global phenomenon: every economy linked to international financial and commodity markets suffered. The aim of this book is not merely to show that China could not escape the consequences of drastic declines in financial flows and trade but also to offer a new perspective for understanding modern Chinese history. The Great Depression was a watershed in modern China. China was the only country on the silver standard in an international monetary system dominated by the gold standard.Fluctuations in international silver prices undermined China’s monetary system and destabilized its economy. In response to severe deflation, the state shifted its position toward the market from laissez-faire to committed intervention. Establishing a new monetary system, with a different foreign-exchange standard, required deliberate government management; ultimately the process of economic recovery and monetary change politicized the entire Chinese economy. By analyzing the impact of the slump and the process of recovery, this book examines the transformation of state–market relations in light of the linkages between the Chinese and the world economy."
Download or read book The Great Depression written by Robert S. McElvaine and published by Crown. This book was released on 2010-10-27 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the classic studies of the Great Depression, featuring a new introduction by the author with insights into the economic crises of 1929 and today. In the twenty-five years since its publication, critics and scholars have praised historian Robert McElvaine’s sweeping and authoritative history of the Great Depression as one of the best and most readable studies of the era. Combining clear-eyed insight into the machinations of politicians and economists who struggled to revive the battered economy, personal stories from the average people who were hardest hit by an economic crisis beyond their control, and an evocative depiction of the popular culture of the decade, McElvaine paints an epic picture of an America brought to its knees—but also brought together by people’s widely shared plight. In a new introduction, McElvaine draws striking parallels between the roots of the Great Depression and the economic meltdown that followed in the wake of the credit crisis of 2008. He also examines the resurgence of anti-regulation free market ideology, beginning in the Reagan era, and argues that some economists and politicians revised history and ignored the lessons of the Depression era.
Download or read book Lessons from the Great Depression written by Peter Temin and published by MIT Press. This book was released on 1991-10-08 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lessons from the Great Depression provides an integrated view of the depression, covering the experience in Britain, France, Germany, and the United States. Do events of the 1930s carry a message for the 1990s? Lessons from the Great Depression provides an integrated view of the depression, covering the experience in Britain, France, Germany, and the United States. It describes the causes of the depression, why it was so widespread and prolonged, and what brought about eventual recovery. Peter Temin also finds parallels in recent history, in the relentless deflationary course followed by the U.S. Federal Reserve Board and the British government in the early 1980s, and in the dogged adherence by the Reagan administration to policies generated by a discredited economic theory—supply-side economics.
Download or read book Historical Dictionary of the Great Depression 1929 1940 written by and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher description: Today when most Americans think of the Great Depression, they imagine desperate hoboes riding the rails in search of work, unemployed men selling pencils to indifferent crowds, bootleggers hustling illegal booze to secrecy-shrouded speakeasies, FDR smiling, or Judy Garland skipping along the yellow brick road. Hard times have become an abstraction. But there was a time when economic suffering was real, when hunger stalked the land, and Americans tried to forget their troubles in movie theaters or in front of a radio. From the stock market crash of October 1929 to Germany's invasion of Norway, France, and the Low Countries in 1940, the Great Depression blanketed the world economy. Its impact was particularly deep and direct in the United States. This was the era when the federal government became a major player in the national economy and Americans bestowed the responsibility for maintaining full employment and stable prices on Congress and the White House, making the Depression years a major watershed in U.S. history. In more than 500 essays, this book provides a ready reference to those hard times, covering the diplomacy, popular culture, intellectual life, economic problems, public policy issues, and prominent individuals of the era.
Download or read book Historical Dictionary of the Great Depression 1929 1940 written by James S. Olson and published by Greenwood. This book was released on 2001-09-30 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today when most Americans think of the Great Depression, they imagine desperate hoboes riding the rails in search of work, unemployed men selling pencils to indifferent crowds, bootleggers hustling illegal booze to secrecy-shrouded speakeasies, FDR smiling, or Judy Garland skipping along the yellow brick road. Hard times have become an abstraction. But there was a time when economic suffering was real, when hunger stalked the land, and Americans tried to forget their troubles in movie theaters or in front of a radio. From the stock market crash of October 1929 to Germany's invasion of Norway, France, and the Low Countries in 1940, the Great Depression blanketed the world economy. Its impact was particularly deep and direct in the United States. This was the era when the federal government became a major player in the national economy and Americans bestowed the responsibility for maintaining full employment and stable prices on Congress and the White House, making the Depression years a major watershed in U.S. history. In more than 500 essays, this book provides a ready reference to those hard times, covering the diplomacy, popular culture, intellectual life, economic problems, public policy issues, and prominent individuals of the era.
Download or read book Watershed written by Mark Barr and published by . This book was released on 2019 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Set in 1937 in rural Tennessee, with the construction of a monumental dam serving as background--a cinematically biblical effort to harness elemental forces and bring power to the people--Watershed delivers a gripping story of characters whose ambitions and yearnings threaten to overflow the banks of their time and place. Nathan, an engineer hiding from his past, and Claire, a small-town housewife, struggle to find their footing in the newly-electrified, job-hungry, post-Depression South. As Nathan wrestles with the burdens of a secret guilt and tangled love, Claire struggles to balance motherhood and a newfound freedom that awakens ambitions and a sexuality she hadn't known she possessed. The arrival of electricity in the rural community--where violence, prostitution, and dog-fighting are commonplace--thrusts together the federal and local worlds, in an evocative feat of storytelling in the vein of Kent Haruf's Plainsong, and Ron Rash's Serena.
Download or read book The Great Depression written by Thomas E. Hall and published by University of Michigan Press. This book was released on 2009-11-10 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Great Depression was the worst economic catastrophe in modern history. Not only did it cause massive worldwide unemployment, but it also led to the rise of Adolf Hitler in Germany, World War II in Europe, and the tragic deaths of tens of millions of people. This book describes the sequence of policy errors committed by powerful, well-meaning people in several countries, which, in combination with the gold standard in place at the time, caused the disaster. In addition, it details attempts to reduce unemployment in the United States by Franklin Roosevelt's New Deal, and in Germany by Hitler's National Socialist economic policies. A comprehensive economic and historical explanation of the events pertaining to the Depression, this book begins by describing the economic setting in the major industrialized countries during the 1920s and the gold standard that linked theory economies together. It then discusses the triggering event that started the economic decline--the Federal Reserve's credit tightening in reaction to perceived overspeculation in the U.S. stock market. The policy bungling that transformed the recession into the Great Depression is detailed: Smoot Hawley, the Federal Reserve's disastrous adherence to the real bills doctrine, and Hoover's 1932 tax hike. This is followed by a detailed description of the New Deal's shortcomings in trying to end the Depression, along with a discussion of the National Socialist economic programs in Germany. Finally, the factors that ended the Depression are examined. This book will appeal to economists, historians, and those interested in business conditions who would like to know more about the causes and consequences of the Great Depression. It will be particularly useful as a supplementary text in economic history courses. Thomas E. Hall and J. David Ferguson are both Professors of Economics, Miami University.
Download or read book The Great Depression written by Stanley Schultz and published by Gareth Stevens. This book was released on 2006 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains what caused the Great Depression and how presidents Hoover and Roosevelt dealt with the situation, discusses the social conditions of the United States at this time, and presents the key people involved with rebuilding America.
Download or read book Great Depressions of the Twentieth Century written by Timothy Jerome Kehoe and published by . This book was released on 2007 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: The worldwide Great Depression of the 1930s was a watershed for both economic thought and economic policymaking. It led to the belief that market economies are inherently unstable and to the revolutionary work of John Maynard Keynes. Its impact on popular economic wisdom is still apparent today. Great Depressions of the Twentieth Century, which uses a common framework to study sixteen depressions from the interwar period in Europe and America, as well as from more recent times in Japan and Latin America, challenges the Keynesian theory of depressions. It develops and uses a methodology for studying depressions that relies on growth accounting and the general equilibrium growth model. Different chapters in this book analyze the depressions in Canada, France, Germany, Italy, the United Kingdom, and the United States in the 1930s, the depressions in Argentina, Brazil, Chile, and Mexico in the 1980s, and recent depressions in Argentina, Finland, Japan, New Zealand, and Switzerland. Besides the editors themselves, the contributors are Pedro Amaral, Paul Beaudry, Raphael Bergoeing, Mirta Bugarin, Harold Cole, Juan Carlos Conesa, Mario Crucini, Roberto Ellery, Victor Gomes, Jonas Fisher, Fumio Hayashi, Andreas Hornstein, James Kahn, Patrick Kehoe, Finn Kydland, James MacGee, Lee Ohanian, Fabrizio Perri, Franck Portier, Vincenzo Quadrini, Kim Ruhl, Raimundo Soto, Arilton Teixeira, and Carlos Zarazaga.
Download or read book The Great Depression written by Lionel Robbins and published by Ludwig von Mises Institute. This book was released on 2007 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The New Deals of America and Britain were a decade-long calamity that exceeded the damage of the economic downturn itself. The theory behind the policy was all wrong, but no one can say that the correct theory was not in circulation. This splendid book by Robbins presented the entire cause and remedy - in 1934! Rothbard himself says that this book is one of two excellent studies. Sadly, the power of the state and the myth that it could dig the world out of depression prevailed over the Robbins view that the depression was the result of a previous inflation and the best cure was to free the market and let it properly correct. This book has been obscure and difficult to find for far too long. But with this new Mises Institute edition, the proof is at last available that at least one great economist in the English speaking world had it precisely right. The world would have been spared much grief had his, instead of Keynes's, views prevailed.
Download or read book Golden Fetters written by Barry J. Eichengreen and published by NBER Series on Long-term Factors in Economic Development. This book was released on 1992 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a reassessment of the international monetary problems that led to the global economic crisis of the 1930s. The author shows how policies, in conjunction with the imbalances created by World War I, gave rise to the global crisis of the 1930s.
Download or read book The Great Depression written by Michael A. Bernstein and published by Cambridge University Press. This book was released on 1987 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 1988 book focusses on why the American economy failed to recover from the downturn of 1929-33.
Download or read book A Great Leap Forward written by Alexander J. Field and published by Yale University Press. This book was released on 2011-04-26 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: This bold re-examination of the history of U.S. economic growth is built around a novel claim, that productive capacity grew dramatically across the Depression years (1929-1941) and that this advance provided the foundation for the economic and military success of the United States during the Second World War as well as for the golden age (1948-1973) that followed.Alexander J. Field takes a fresh look at growth data and concludes that, behind a backdrop of double-digit unemployment, the 1930s actually experienced very high rates of technological and organizational innovation, fueled by the maturing of a privately funded research and development system and the government-funded build-out of the country's surface road infrastructure. This significant new volume in the Yale Series in Economic and Financial History invites new discussion of the causes and consequences of productivity growth over the last century and a half and on our current prospects.
Download or read book Critical Perspectives on the Great Depression written by Paul Kupperberg and published by The Rosen Publishing Group. This book was released on 2005 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the cause and effect of the great stock market crash on October 29, 1929 that become known as Black Tuesday, a decade of struggle for the American people, and the promised New Deal.
Download or read book The Great Depression written by Britannica Educational Publishing and published by Britannica Educational Publishing. This book was released on 2012-12-01 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the greatest economic crises in history, the Great Depression of the 1930s caused much hardship both in the United States and throughout the world. The economic impact of this difficult period was reflected not only in the job market of the era but in its art, society, and politics as well. Illuminating information allows readers to examine the economic causes and effects of the Great Depression, as well as the federal and global responses to the crisis, and gives an in-depth look at how literature, theater, film, and more began to reflect the new social realities of the time.
