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A History of Big Recessions in the Long Twentieth Century (Paperback)
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A History of Big Recessions in the Long Twentieth Century (Paperback)
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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 2008-9. 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.
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