America’s Great Depression phần 3 pps

... times of ardent concentration on the cost-of-living 42 America’s Great Depression 5 Hutt, “The Significance of Price Flexibility,” pp. 39 7n. and 39 8. 6 See Modigliani, “Liquidity Preference and the ... future demand and supply conditions, including the effects of innovations. 25 74 America’s Great Depression 23 Schumpeter wisely saw that voluntary savings could only cause s...

Ngày tải lên: 14/08/2014, 22:20

... not result in a restriction but rather in an increase in consumption, it does not 30 America’s Great Depression 31 See Mises, Human Action, pp. 576–78. Professor Hayek, in his well-known (and excellent) ... size of the gold stock. 16 America’s Great Depression depressions. A general price fall, however, is caused by the second- ary, rather than by the inherent, features of dep...

Ngày tải lên: 14/08/2014, 22:20

... be even a threat of business recession. 134 America’s Great Depression 53 Harold L. Reed, Federal Reserve Policy, 1921–1 930 (New York: McGraw–Hill, 1 930 ), pp. 20, and 14–41. Governor Miller agreed ... percent had 146 America’s Great Depression 17 Robbins, The Great Depression, p. 80. 18 Strong to Mellon, May 27, 1924. Quoted in Chandler, Benjamin Strong, Central Banker,...

Ngày tải lên: 14/08/2014, 22:20

... hours, and employment during the depression 33 0 Conclusion: the lessons of Mr. Hoover’s record 33 6 APPENDIX: GOVERNMENT AND THE NATIONAL PRODUCT, 1929–1 932 33 9 INDEX 34 9 Contents x Introduction xv Unemployment ... “boom” of 1 933 –1 937 took place within a con- tinuing depression. When unemployment remains over 15 per- cent, it is folly to refer to the 1 933 –1 937 period as “pros...

Ngày tải lên: 14/08/2014, 22:20

... percentages) June 30 , 1921 35 .7 30 .8 34 .2 100.0 June 29, 1929 36 .1 32 .5 31 .4 100.0 *Banking and Monetary Statistics (Washington, D.C.: Federal Reserve Board, 19 43) , pp. 73, 81, 87 93, 99. These deposits ... unwarranted optimism for quite a while after a depression breaks out. 30 Business psychology is, therefore, derivative 80 America’s Great Depression 30 See Schu...

Ngày tải lên: 14/08/2014, 22:20

... and Steel Institute. The war was on. 200 America’s Great Depression 30 Irving Bernstein, The Lean Years: A History of the American Worker, 1920–1 933 (Boston: Houghton Mifflin, 1960), p. 147. ... Strong discussed the bill with 172 America’s Great Depression 3 C.A. Phillips, T.F. McManus, and R.W. Nelson, Banking and the Business Cycle (New York: Macmillan, 1 937 ), pp. 176ff....

Ngày tải lên: 14/08/2014, 22:20

... occurred in April, 1 933 , when a gang assaulted and almost hung an Iowa county judge for refusing to agree to their demand that he order no more farm foreclosures. 27 236 America’s Great Depression 26 There ... York banker, 242 America’s Great Depression 5 See Frank W. Taussig, “The Tariff Act of 1 930 ,” Quarterly Journal of Economics (November, 1 930 ): 1–21; and idem, “The Ta...

Ngày tải lên: 14/08/2014, 22:20

... employees, increased appropriation for 282 America’s Great Depression 40 Monthly Labor Review 33 (1 931 ): 1049–57. 41 Schlesinger, The Crisis of the Old Order, 1919–1 933 , p. 186. strictly American problems ... report- ing on a visit to America in 1 931 , hailed the American record of 268 America’s Great Depression 13 Secretary of Commerce Lamont declared in April, 1 931 , t...

Ngày tải lên: 14/08/2014, 22:20

... totaling $170 million. In 1 930 , 135 0 banks failed, with deposits of $ 837 million; in 1 931 , 2,2 93 banks collapsed, with deposits of $1,690 million; and in 1 932 , 1,4 53 banks failed, having $706 ... its aggravation of the depression must therefore rest on these eminent advisers who steered him so incorrectly. 32 The Hoover New Deal of 1 932 31 3 30 Ibid., pp. 675–76. 31 See...

Ngày tải lên: 14/08/2014, 22:20

... 41, 43 45, 48–50, 52– 53, 87, 179, 185, 192, 199, 239 , 2 43, 250, 260, 267, 269, 282, 2 93, 31 1– 13, 33 0, 33 6 during depression, 44, 211, 33 3, 33 5 in Britain, 1 53 Keynesian prescription for, 40, 42, 45 see ... 99 .3 90.7 1 930 91.1 82.6 5 .3 85.8 77 .3 1 931 76 .3 68.1 5.4 70.9 62.7 1 932 58.5 50.9 5.2 53. 3 45.7 34 2 America’s Great Depression government planning p...

Ngày tải lên: 14/08/2014, 22:20