The Great Depression : Delayed Recovery and Economic Change in America, 1929-1939 (Studies in Economic History and Policy: USA in the Twentieth Century)

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The Great Depression : Delayed Recovery and Economic Change in America, 1929-1939 (Studies in Economic History and Policy: USA in the Twentieth Century)

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  • 製本 Paperback:紙装版/ペーパーバック版／ページ数 288 p.
  • 言語 ENG
  • 商品コード 9780521379854
  • DDC分類 338.5420973

基本説明

New in paperback. Presents in this book a new interpretation of the depression of the 1930s in the United State, on the causes and duration of which there is to date no general agreement.

Full Description

This 1988 book focuses on the real puzzle of 1930s America: why did the economy fail to recover from the downturn of 1929-33? The author presents a convincing case that there were important long-run tendencies within the economy that are crucial to understanding this failure. From a wealth of detail about individual industries emerges a bold thesis about the interwar economy that emphasizes both cyclical and secular factors and shows that some sectors of the economy demonstrated technological dynamism during the 1930s. His approach cuts across the more traditional explanations which have been for the most part tests of economic theories rather than historical explanations of the depression.

Contents

List of tables; List of figures; Editors' preface; Preface; Introduction: the puzzle of the 1930s; 1. Long-term economic growth and the problem of recovery in the United States, 1929-39; 2. The transformation of American industry in the interwar period; 3. A reassessment of investment failure in the interwar economy; 4. Technical change during the interwar years; 5. The effective demand problem of the interwar period I: cyclical and structural unemployment; 6. The effective demand problem of the interwar period II: cyclical and secular changes in final demand; 7. New deal economic policy and the problem of recovery; 8. Contemporary economic problems in historical perspective; Bibliography; Index.