Understanding the Great Depression and the Modern Business Cycle
Book Details
Author(s)Dan Blatt
Publisherlulu.com
ISBN / ASIN0557098890
ISBN-139780557098897
AvailabilityUsually ships in 24 hours
Sales Rank3,160,942
MarketplaceUnited States 🇺🇸
Description
What can the Great Depression tell you about the modern business cycle?
Do you know why the stock market crashed in '29?
Or why the substantial economic and stock market recovery in the spring of 1930 aborted?
Or why the stock market doubled and agricultural prices soared in the summer of 1932, but failed to stimulate recovery in the broader economy?
Or why the New Deal failed to end the Great Depression despite more than doubling the money supply and massive amounts of budget deficit stimulus?
Or how the Great Depression ended in 1940 when unemployment dropped more than 4 percentage points and kept declining from there many months before the U.S. entered WW-II and began its massive wartime budget deficits?
And what does all this tell us about the modern business cycle and current government economic policies?
Do you know why the stock market crashed in '29?
Or why the substantial economic and stock market recovery in the spring of 1930 aborted?
Or why the stock market doubled and agricultural prices soared in the summer of 1932, but failed to stimulate recovery in the broader economy?
Or why the New Deal failed to end the Great Depression despite more than doubling the money supply and massive amounts of budget deficit stimulus?
Or how the Great Depression ended in 1940 when unemployment dropped more than 4 percentage points and kept declining from there many months before the U.S. entered WW-II and began its massive wartime budget deficits?
And what does all this tell us about the modern business cycle and current government economic policies?
