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The term "The Great Depression" is most frequently attributed to British economist Lionel Robbins, whose 1934 book The Great Depression is credited with formalizing the phrase, [229] though Hoover is widely credited with popularizing the term, [229] [230] informally referring to the downturn as a depression, with such uses as "Economic ...
Essays on the Great Depression (Princeton University Press, 2000) (Chapter One – "The Macroeconomics of the Great Depression" Archived 2010-07-04 at the Wayback Machine online) Best, Gary Dean. Pride, Prejudice, and Politics: Roosevelt Versus Recovery, 1933–1938 (1991) ISBN 0-275-93524-8 , a conservative viewpoint online
Essays on the Great Depression (2000) Bernstein, Michael A. The Great Depression: Delayed Recovery and Economic Change in America, 1929–1939 (1989) focus on low-growth and high-growth industries; Bordo, Michael D., Claudia Goldin, and Eugene N. White, eds. The Defining Moment: The Great Depression and the American Economy in the Twentieth ...
Comparisons between the Great Recession and the Great Depression explores the experiences in the United States and the United Kingdom.. On April 17, 2009, head of the IMF Dominique Strauss-Kahn said that there was a chance that certain countries may not implement the proper policies to avoid feedback mechanisms that could eventually turn the recession into a depression.
The Dow Jones Industrial Average, 1928–1930. The "Roaring Twenties", the decade following World War I that led to the crash, [4] was a time of wealth and excess.Building on post-war optimism, rural Americans migrated to the cities in vast numbers throughout the decade with hopes of finding a more prosperous life in the ever-growing expansion of America's industrial sector.
The Depression meant people had to get creative, making items that most of us would never think to craft ourselves. For instance, there was little money for toys, so kids played with box forts ...
The stock market crash on Black Tuesday and subsequent economic turmoil reified the formerly abstract risks endemic to the 1920s mortgage market: borrowers could no longer afford even moderate monthly payments and the recompense afforded by foreclosure on a lien did little to ameliorate many institutions' financial standing: between 1928 and 1933, home prices declined by nearly 25.9% ...
The researchers examined data from 832 participants in the U.S. Health and Retirement Study, all of whom were born in the 1930s during the Great Depression—the worst economic downturn in the ...