The Federal Reserve System has been widely criticised for its
response (or lack of response) to the economic and financial
problems of 1928-1933. This period was one of frantic speculation
followed by the collapse of the stock market, the banking system
and the economy at large. How did the Fed let this happen, and was
it to blame? This book, first published in 1993, carries out an
in-depth statistical analysis of the relevant data supporting the
various theories surrounding the Fed's behaviour at the time, and
is a key work in understanding the thinking of the period.
General
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