Great Depressions of the Twentieth Century

Great Depressions of the Twentieth Century PDF Author: Timothy Jerome Kehoe
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 500

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Book Description
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.

Great Depressions of the Twentieth Century

Great Depressions of the Twentieth Century PDF Author: Timothy Jerome Kehoe
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 500

Get Book Here

Book Description
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.

A History of Big Recessions in the Long Twentieth Century

A History of Big Recessions in the Long Twentieth Century PDF Author: Andrés Solimano
Publisher: Cambridge University Press
ISBN: 1108485049
Category : Business & Economics
Languages : en
Pages : 241

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Book Description
This book examines the array of financial crises, slumps, depressions and recessions that happened around the globe during the twentieth and early twenty-first centuries. It covers events including World War I, hyperinflation and market crashes in the 1920s, the Great Depression of the 1930s, stagflation of the 1970s, the Latin American debt crises of the 1980s, the post-socialist transitions in Central Eastern Europe and Russia in the 1990s, and the great financial crisis of 2008-09. In addition to providing wide geographic and historical coverage of episodes of crisis in North America, Europe, Latin America and Asia, the book clarifies basic concepts in the area of recession economics, analysis of high inflation, debt crises, political cycles and international political economy. An understanding of these concepts is needed to comprehend big recessions and slumps that often lead to both political change and the reassessment of prevailing economic paradigms.

The Great Depression and New Deal

The Great Depression and New Deal PDF Author: Eric Rauchway
Publisher: OUP USA
ISBN: 0195326342
Category : Business & Economics
Languages : en
Pages : 161

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Book Description
The Great Depression forced the United States to adopt policies at odds with its political traditions. This title looks at the background to the Depression, its social impact, and at the various governmental attempts to deal with the crisis.

America's Great Depression

America's Great Depression PDF Author: Murray N Rothbard
Publisher:
ISBN: 9781639235285
Category : Social Science
Languages : en
Pages : 0

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Book Description
This book is an analysis of the causes of the Great Depression of 1929. The author concludes that the Depression was caused not by laissez-faire capitalism, but by government intervention in the economy. The author argues that the Hoover administration violated the tradition of previous American depressions by intervening in an unprecedented way and that the result was a disastrous prolongation of unemployment and depression so that a typical business cycle became a lingering disease.

The World in Depression, 1929-1939

The World in Depression, 1929-1939 PDF Author: Charles Poor Kindleberger
Publisher: Univ of California Press
ISBN: 9780520055919
Category : Business & Economics
Languages : en
Pages : 392

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Book Description
"The World in Depression is the best book on the subject, and the subject, in turn, is the economically decisive decade of the century so far."--John Kenneth Galbraith

Children of the Great Depression

Children of the Great Depression PDF Author: Russell Freedman
Publisher: Houghton Mifflin Harcourt
ISBN: 9780618446308
Category : Juvenile Nonfiction
Languages : en
Pages : 136

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Book Description
Discusses what life was like for children and their families during the harsh times of the Depression, from 1929 to the beginning of World War II.

The Forgotten Depression

The Forgotten Depression PDF Author: James Grant
Publisher: Simon and Schuster
ISBN: 1451686463
Category : Business & Economics
Languages : en
Pages : 272

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Book Description
"By the publisher of the prestigious Grant's Interest Rate Observer, an account of the deep economic slump of 1920-21 that proposes, with respect to federal intervention, "less is more." This is a free-market rejoinder to the Keynesian stimulus applied by Bush and Obama to the 2007-09 recession, in whose aftereffects, Grant asserts, the nation still toils. James Grant tells the story of America's last governmentally-untreated depression; relatively brief and self-correcting, it gave way to the Roaring Twenties. His book appears in the fifth year of a lackluster recovery from the overmedicated downturn of 2007-2009. In 1920-21, Woodrow Wilson and Warren G. Harding met a deep economic slump by seeming to ignore it, implementing policies that most twenty-first century economists would call backward. Confronted with plunging prices, wages, and employment, the government balanced the budget and, through the Federal Reserve, raised interest rates. No "stimulus" was administered, and a powerful, job-filled recovery was under way by late in 1921. In 1929, the economy once again slumped--and kept right on slumping as the Hoover administration adopted the very policies that Wilson and Harding had declined to put in place. Grant argues that well-intended federal intervention, notably the White House-led campaign to prop up industrial wages, helped to turn a bad recession into America's worst depression. He offers the experience of the earlier depression for lessons for today and the future. This is a powerful response to the prevailing notion of how to fight recession. The enterprise system is more resilient than even its friends give it credit for being, Grant demonstrates"--

Years of adventure, 1874-1920

Years of adventure, 1874-1920 PDF Author: Herbert Hoover
Publisher:
ISBN:
Category : Presidents
Languages : en
Pages : 536

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Book Description


Rethinking the Great Depression

Rethinking the Great Depression PDF 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.

The Return of Depression Economics

The Return of Depression Economics PDF Author: Paul R. Krugman
Publisher: W. W. Norton & Company
ISBN: 9780393048391
Category : Business & Economics
Languages : en
Pages : 202

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Book Description
The author of "The Age of Diminished Expectations" returns with a sobering tour of the global economic crises of the last two years.