The Great Depression: Delayed Recovery and Economic Change in America, 1929-1939

ISBN-13: 9780521379854 / Angielski / Miękka / 1989 / 288 str.

Michael Andre Bernstein; Louis Galambos; Robert Gallmam

Opis

By examining the uneven fate of manufacturing industries during the 1930s, Michael Bernstein presents a powerful new interpretation of the Great Depression. The depth and persistence of the slump, he argues, cannot be explained by cyclical theories alone, but by the conjunction of a crisis in financial markets with a long-run transformation in the kinds of goods and services required by firms and households. By focusing on evidence from specific industries, Professor Bernstein provides a more detailed picture of what happened to the American economy in the thirties that was so different from previous downturns.

Recenzje

'By emphasizing both cyclical and secular factors and by showing that some sectors of the economy demonstrated technological dynamism during the 1930s, this book performs a valuable service.' Peter Fearon, Economic History Review

Spis treści

List of tables; List of figures; Editors' preface; Preface; Introduction: the puzzle of the 1930s; 1. Long-term economic growth and the problem of recovery in the United States, 1929–39; 2. The transformation of American industry in the interwar period; 3. A reassessment of investment failure in the interwar economy; 4. Technical change during the interwar years; 5. The effective demand problem of the interwar period I: cyclical and structural unemployment; 6. The effective demand problem of the interwar period II: cyclical and secular changes in final demand; 7. New deal economic policy and the problem of recovery; 8. Contemporary economic problems in historical perspective; Bibliography; Index.