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In February 2009 during the Senate confirmation hearing for Energy Secretary Steven Chu, Republican Senator John Barrasso waved a copy of the book and announced, "In these economic times, a number of members of the Senate are reading a book called The Forgotten Man, about the history of the Great Depression, as we compare and look for solutions ...
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 ...
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Created Date: 8/30/2012 4:52:52 PM
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.
Technocracy was ultimately overshadowed by other proposals for dealing with the crisis of the Great Depression. [1] The technocracy movement proposed replacing partisan politicians and business people with scientists and engineers who had the technical expertise to manage the economy. But the movement did not fully aspire to scientocracy. [2]
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 ...