Rethinking the Great Depression
- ISBN-10
- 1615780157
- ISBN-13
- 9781615780150
- Category
- History
- Pages
- 192
- Language
- English
- Published
- 2002-07-15
- Publisher
- Ivan R. Dee
- Author
- Gene Smiley
Description
The worldwide Great Depression of the 1930s was the most traumatic event of the twentieth century. It ushered in substantial expansions in the role of governments around the world, focused attention on social insurance, and for a time bolstered socialist economic ideas as a form of cure. Skepticism about the effectiveness of government withered as the free market failed, and it seems safe to say that Keynesian economics would not have flourished if the depression had not occurred. While this severe contraction has been extensively examined, we are just now—thanks to increasingly sophisticated analytical techniques—beginning to comprehend its causes and the reasons for the extremely slow recovery that occurred in the United States. Much of this analysis, though, remains in specialized studies that are visited mainly by economists and economic historians. In Rethinking the Great Depression, Gene Smiley draws upon this recent scholarship to present a clear and nontechnical analysis for the general reader. He explains the roots of the depression in the 1920s, the efforts of the New Deal to combat the economic crisis, and the legacy of these efforts in World War II and the postwar years. He offers new insights and some surprising conclusions: that the causes of the Great Depression lay in the dislocations caused by World War I and the attempt to reconstitute an international gold standard in the 1920s; that the New Deal, regardless of its good intentions, adopted misguided fiscal and monetary policies that prolonged the depression in the United States beyond what it should have been; that World War II, rather than stimulating an end to the depression, actually postponed a full recovery until 1946.
Get the book
Similar books
-
The Enduring Vision: A History of the American People
By Paul S. Boyer, Clifford E. Clark, Karen HalttunenBy her own account, Peggy O'Neale Timberlake was “frivolous, wayward, [and] passionate.” While still married to a naval oflicer away on duty ...
-
The Enduring Vision: A History of the American People, Volume I
By Paul S. Boyer, Clifford E. Clark, Karen Halttunen... had married the widowed daughter of a Washington tavern keeper. By her own account, Peggy O'Neale Timberlake was “frivolous, wayward, [and] passionate.
-
Rice University: One Hundred Years in Pictures
By Karen Hess Rogers, Lee Pecht, Alan Harris Bath... Bill, Kennedy, Jacqueline, Kennedy, John F., Kidd, Albert and Elizabeth, Kieran Timberlake (architects), Kilpatrick, John, Kirkland, William, Kissinger, ...
-
Cengage Advantage Series: The Enduring Vision
By Paul S. Boyer, Clifford E. Clark, Karen Halttunen... 195–196, 361; abolishing of, 257 Ticonderoga fort, 157, 169 Tilden, Samuel J., 524 Timberlake, Peggy O'Neale, 301 Timbuktu, Mali, Sankore Mosque in, ...
-
The Enduring Vision: A History of the American People, Volume 1
By Paul S. Boyer, Clifford E. Clark, Karen HalttunenBy her own account, Peggy O'Neale Timberlake was “frivolous, wayward, [and] passionate.” While still married to a naval officer away on duty, ...
-
The Cherokee Struggle to Maintain Identity in the 17th and 18th Centuries
By Jr., William R. ReynoldsTimberlake, p. 8 (9–10). 2. Timberlake, p. 36 (70). 3. Hoig, p. 45; Kelly, p. 22; Timberlake, p. 37 (72–73). 4. Alderman, p. 6; Timberlake, p.
-
Prehistoric Copper Mining in Europe, 5500-500 BC
By William O'BrienTimberlake, S. 2002. 'Ancient prospection for metals and modern prospection for ancient mines: the evidence for Bronze Age mining within the British Isles', ...
-
The Sixties in the News: How an Era Unfolded in American Newspapers, 1959-1973
By William J. Ryczekhadn't known Timberlake until the two moved in together. Kathy had worked at a series of jobs, including electronics assembler and a dancer in a bar, ...
-
A Borderland Confederate
By William Lyne WilsonTerrill, Philip, killed Thompson, William S. Timberlake, George, wounded. Timberlake, Harry. Timberlake, J. H., wounded. Timberlake, J. L., wounded.
-
Golf in Columbus at Wyandot Country Club: A Lost Donald Ross Classic
By William R. CaseAs the caretaker of the clubhouse, Timberlake was furnished living quarters on the second floor. Around 8:00 p.m., he descended into the basement for the ...