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The Great Depression Revisited (Paperback, Softcover reprint of the original 1st ed. 1981)
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The Great Depression Revisited (Paperback, Softcover reprint of the original 1st ed. 1981)
Series: Rochester Studies in Managerial Economics and Policy, 2
Expected to ship within 10 - 15 working days
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The fateful days of the great stock market crash entered modem
history almost 50 years ago to this day. The cyclic turning point
of the U. S. economy oc curred, however, around June 1929, and
economic activity receded substantial ly over the subsequent
months. The onset of an economic downswing thus became clearly
visible before the famous crash. But the October event stays in the
public's mind as the symbol of the Great Depression. For nearly
four years, until the spring of 1933, the U. S. economy plunged
into a deep reces sion. Activity declined, prices fell, and there
emerged a massive unemploy ment problem. The economy ultimately
overcame this shock in 1933. Prices rose rapidly in spite of
substantial margins of unusual resources. Activity ex panded, but
occasionally at a somewhat hesitant rate. The expansion, however,
was interrupted by another recession of major proportions during
1937-38. The tragic sequence of events shaped public consciousness
and influenced new approaches and views in economic policymaking.
The activist approach to "stabilization policy" and a wide range of
regulatory policies were essentially justified in terms of this
experience. These policies were crucially influenced by our
understanding and interpretation of the Great Depression. The view
of a radically unstable economic process perennially on the edge of
serious collapse gained wide popularity and became a central
element of the Keynesian tradi- 2 INTRODUCTION tion. It encouraged,
with supplementary interpretations, an interventionist and
expanding role of the government in our economic affairs."
General
Imprint: |
Springer
|
Country of origin: |
Netherlands |
Series: |
Rochester Studies in Managerial Economics and Policy, 2 |
Release date: |
November 2011 |
First published: |
1981 |
Editors: |
K. Brunner
|
Dimensions: |
235 x 155 x 19mm (L x W x T) |
Format: |
Paperback
|
Pages: |
368 |
Edition: |
Softcover reprint of the original 1st ed. 1981 |
ISBN-13: |
978-9400981379 |
Categories: |
Books >
Business & Economics >
Economics >
Macroeconomics >
General
|
LSN: |
9400981376 |
Barcode: |
9789400981379 |
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