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The book criticizes Herbert Hoover and the Smoot-Hawley Tariff as exacerbating the Depression through government intervention. It opines that Franklin D. Roosevelt pursued erratic policies that froze investment and failed to take the steps needed to stop the Depression, and that the New Deal extended the length of the Depression and had ...
Ferguson uses the Investment Theory as the basis of an analysis of the New Deal in his 1984 paper "From Normalcy to New Deal: Industrial structure, Party Competition, and American Public Policy in the Great Depression", in which he argues that the New Deal policies became possible due to the changing nature of the American economy and the new ...
The Great Depression did not strongly affect Japan. The Japanese economy shrank by 8% during 1929–31. Japan's Finance Minister Takahashi Korekiyo was the first to implement what have come to be identified as Keynesian economic policies: first, by large fiscal stimulus involving deficit spending; and second, by devaluing the currency ...
Examining the causes of the Great Depression raises multiple issues: what factors set off the first downturn in 1929; what structural weaknesses and specific events turned it into a major depression; how the downturn spread from country to country; and why the economic recovery was so prolonged.
You know, there have been so many errors -- in some cases they've been deliberate distortions -- about the impact of President Franklin D. Roosevelt's innovative New Deal policies on the U.S ...
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 ...
The term was reportedly coined by Claudia Goldin and Robert Margo [1] in a 1992 paper, [2] and is a takeoff on the Great Depression, an event during which the Great Compression started. Share of pre-tax household income received by the top 1%, top 0.1%, and top 0.01%, between 1917 and 2005 [3] [4]
The book was among the first to use popular culture, especially film, as an important resource in understanding the mood of a time. The book has stayed constantly in print since its publication. A second edition was published in 1993, coinciding with the eight-part PBS television series, The Great Depression, for which this book was a major ...