Understanding Economic Recovery in the 1930s PDF Download

Author: Frank George Steindl
Publisher: University of Michigan Press
ISBN: 9780472113484
Category : Business & Economics
Languages : en
Pages : 248

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Book Description
A must read for specialists interested in Depression-era economics

Author: Michael A. Bernstein
Publisher: Cambridge University Press
ISBN: 9780521379854
Category : Business & Economics
Languages : en
Pages : 292

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Book Description
This 1988 book focusses on why the American economy failed to recover from the downturn of 1929-33.

Author: Bank of England. Panel of Academic Consultants
Publisher:
ISBN:
Category : History
Languages : en
Pages : 94

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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 20

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Book Description
The recession that began in late 2007 was long and deep. It is likely to prove to be the worst economic contraction since the 1930s (but still much less severe than the Great Depression). The slowdown of economic activity was moderate through the first half of 2008, but at that point the weakening economy was overtaken by a major financial crisis that would exacerbate the economic weakness and accelerate the decline. Recent evidence suggests that the process of economic recovery has begun. Real gross domestic product (GDP) has been on a positive track since mid-2009. The stock market has recovered from its lows, and employment has increased moderately. On the other hand, significant economic weakness remains evident, particularly in the labor and housing markets. In the typical post-war business cycle, lower than normal growth during the recession is quickly followed by a recovery period with above normal growth. This above normal growth serves to speed up the reentry of the unemployed to the workforce. Once the economy reaches potential output (and full employment), growth returns to its normal growth path where the pace of aggregate spending advances in step with the pace of aggregate supply.

Author: Nicholas Crafts
Publisher: OUP Oxford
ISBN: 0191640093
Category : Business & Economics
Languages : en
Pages : 474

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Book Description
Understanding the Great Depression has never been more relevant than in today's economic crisis. This edited collection provides an authoritative introduction to the Great Depression as it affected the advanced countries in the 1930s. The contributions are by acknowledged experts in the field and cover in detail the experiences of Britain, Germany, and, the United States, while also seeing the depression as an international disaster. The crisis entailed the collapse of the international monetary system, sovereign default, and banking crises in many countries in the context of the most severe downturn in western economic history. The responses included protectionism, regulation, fiscal and monetary stimulus, and the New Deal. The relevance to current problems facing Europe and the United States is apparent. The chapters are written at a level which will be comprehensible to advanced undergraduates in economics and history while also being a valuable source of reference for policy makers grappling with the current economic crisis. The book will be of interest to modern macroeconomists and students of interwar history alike and seeks to bring the results of modern research in economic history to a wide audience. The focus is not only on explaining how the Great Depression happened but also on understanding what eventually led to the recovery from the crisis. A key feature is that every chapter has a full list of bibliographical references which can be a platform for further study.

Author: Elliot A. Rosen
Publisher: University of Virginia Press
ISBN: 0813934273
Category : History
Languages : en
Pages : 324

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Book Description
Historians have often speculated on the alternative paths the United Stages might have taken during the Great Depression: What if Franklin D. Roosevelt had been killed by one of Giuseppe Zangara’s bullets in Miami on February 17, 1933? Would there have been a New Deal under an administration led by Herbert Hoover had he been reelected in 1932? To what degree were Roosevelt’s own ideas and inclinations, as opposed to those of his contemporaries, essential to the formulation of New Deal policies? In Roosevelt, the Great Depression, and the Economics of Recovery, the eminent historian Elliot A. Rosen examines these and other questions, exploring the causes of the Great Depression and America’s recovery from it in relation to the policies and policy alternatives that were in play during the New Deal era. Evaluating policies in economic terms, and disentangling economic claims from political ideology, Rosen argues that while planning efforts and full-employment policies were essential for coping with the emergency of the depression, from an economic standpoint it is in fact fortunate that they did not become permanent elements of our political economy. By insisting that the economic bases of proposals be accurately represented in debating their merits, Rosen reveals that the productivity gains, which accelerated in the years following the 1929 stock market crash, were more responsible for long-term economic recovery than were governmental policies. Based on broad and extensive archival research, Roosevelt, the Great Depression, and the Economics of Recovery is at once an erudite and authoritative history of New Deal economic policy and timely background reading for current debates on domestic and global economic policy.

Author: Lee E. Ohanian
Publisher: Hoover Press
ISBN: 0817915362
Category : Political Science
Languages : en
Pages : 263

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Book Description
This book examines the reasons for the unprecedented weak recovery following the recent US recession and explores the possibility that government economic policy is the problem. Drawing on empirical research that looks at issues from policy uncertainty to increased regulation, the volume offers a broad-based assessment of how government policies are slowing economic growth and provides a framework for understanding how those policies should change to restore prosperity in America.

Author: Pence T Cozart
Publisher: Independently Published
ISBN:
Category : History
Languages : en
Pages : 0

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Book Description
Exploring The Struggles, Resilience, and the Road to Economic Recovery in the 1930s Numerous people throughout the world are still feeling the effects of the Great Depression that hit the United States in the 1930s. Beginning with the stock market crash of October 1929, which caused Wall Street to go into a frenzy and destroyed millions of investors' wealth, the Great Depression was the greatest economic slump in the history of the industrialized world. It lasted from 1929 to 1939. Industrial production and employment fell sharply as failing businesses laid off employees due to a combination of falling consumer spending and investment during the subsequent years. At its worst point in 1933, the Great Depression left almost 15 million Americans jobless and nearly half of the nation's banks had collapsed. The Great Depression was the worst and longest economic downturn in industrialized Western history, and it caused major shifts in economic theory, macroeconomic policy, and financial institutions. Despite having its roots in the US, the Great Depression had a profound impact on nearly every nation on Earth, leading to sharp drops in production, high unemployment, and severe deflation. Particularly in the US, where the Great Depression was the worst hardship Americans had encountered since the Civil War, its cultural and social impacts were equally devastating. The Great Depression instilled in individuals from all walks of life the importance of economic stability and the necessity to persevere and overcome difficult circumstances instead of engaging in risky behavior with their finances or personal well-being.

Author: Gene Smiley
Publisher: Ivan R. Dee
ISBN: 1615780157
Category : History
Languages : en
Pages : 193

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Book Description
The worldwide Great Depression of the 1930s was the most traumatic event of the twentieth century. It ushered in substantial expansions in the role of governments around the world, focused attention on social insurance, and for a time bolstered socialist economic ideas as a form of cure. Skepticism about the effectiveness of government withered as the free market failed, and it seems safe to say that Keynesian economics would not have flourished if the depression had not occurred. While this severe contraction has been extensively examined, we are just now—thanks to increasingly sophisticated analytical techniques—beginning to comprehend its causes and the reasons for the extremely slow recovery that occurred in the United States. Much of this analysis, though, remains in specialized studies that are visited mainly by economists and economic historians. In Rethinking the Great Depression, Gene Smiley draws upon this recent scholarship to present a clear and nontechnical analysis for the general reader. He explains the roots of the depression in the 1920s, the efforts of the New Deal to combat the economic crisis, and the legacy of these efforts in World War II and the postwar years. He offers new insights and some surprising conclusions: that the causes of the Great Depression lay in the dislocations caused by World War I and the attempt to reconstitute an international gold standard in the 1920s; that the New Deal, regardless of its good intentions, adopted misguided fiscal and monetary policies that prolonged the depression in the United States beyond what it should have been; that World War II, rather than stimulating an end to the depression, actually postponed a full recovery until 1946.

Author: Michael Jacobs
Publisher: John Wiley & Sons
ISBN: 1119311632
Category : Political Science
Languages : en
Pages : 224

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Book Description
"Thought provoking and fresh - this book challenges how we think about economics.” Gillian Tett, Financial Times For further information about recent publicity events and media coverage for Rethinking Capitalism please visit http://marianamazzucato.com/rethinking-capitalism/ Western capitalism is in crisis. For decades investment has been falling, living standards have stagnated or declined, and inequality has risen dramatically. Economic policy has neither reformed the financial system nor restored stable growth. Climate change meanwhile poses increasing risks to future prosperity. In this book some of the world’s leading economists propose new ways of thinking about capitalism. In clear and compelling prose, each chapter shows how today’s deep economic problems reflect the inadequacies of orthodox economic theory and the failure of policies informed by it. The chapters examine a range of contemporary economic issues, including fiscal and monetary policy, financial markets and business behaviour, inequality and privatisation, and innovation and environmental change. The authors set out alternative economic approaches which better explain how capitalism works, why it often doesn’t, and how it can be made more innovative, inclusive and sustainable. Outlining a series of far-reaching policy reforms, Rethinking Capitalism offers a powerful challenge to mainstream economic debate, and new ideas to transform it.