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America’s Great Depression phần 5 ppsx
... the
gold inflow into the United States, of which about 40 percent had
146 America’s Great Depression
17
Robbins, The Great Depression, p. 80.
18
Strong to Mellon, May 27, 1924. Quoted in Chandler, ... and business. This step was
122 America’s Great Depression
A Juggernaut?” The Annalist (November 24, 1924): 54 1– 42; and The Annalist
(November 10, 1924): 477.
25
The War Fi...
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... 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 depressions. Almost all
economists, ... restriction
but rather in an increase in consumption, it does not
30 America’s Great Depression
31
See Mises, Human Action, pp. 57 6–78. Professor Hayek, in his well-known...
America’s Great Depression phần 1 ppt
... approaches 159
6 THEORY AND INFLATION: ECONOMISTS AND
THE LURE OF A STABLE PRICE LEVEL 169
PART III: THE GREAT DEPRESSION: 1929–1933
7 PRELUDE TO DEPRESSION: MR. HOOVER
AND LAISSEZ-FAIRE 1 85
The ... enter-
prise economy.
MURRAY N. ROTHBARD
Palo Alto, California
May 19 75
Introduction to the Third Edition xxx
vi America’s Great Depression
Acknowledgments
W
hile the problem...
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... stupidly refused to quadruple
or quintuple their wage rates! By the time of the depression, then,
44 America’s Great Depression
9
It is immaterial to the argument whether or not the present writer ... pours forth onto the mar-
ket in the form of production, its work over and done. On the
58 America’s Great Depression
2. In reality, it may take a long time for a cluster of innova...
America’s Great Depression phần 4 docx
... Monetary Statistics (Wash-
ington, D.C.: Federal Reserve System, 1943), pp. 54 4– 45, 409, and 346–48.
94 America’s Great Depression
9
On the reluctance of banks during this era to lend to consumers, ... the economy. An unhampered market would not
generate booms and depressions, and, if confronted by a depression
86 America’s Great Depression
The Inflationary Factors 107
(large...
America’s Great Depression phần 6 potx
... Hoover had now accepted the old A.F. of L.
theory that depressions are caused by underconsumption and low
198 America’s Great Depression
25
Ralph Owen Brewster, “Footprints on the Road to Plenty—A ... administration.
4
Hoover, who to his credit
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3
See Joseph Dorfman, The Economic Mind in American Civilization (New York:
Viking Press, 1 959 ), vol. 14...
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... American Cotton Association,
222 America’s Great Depression
10
See James H. Shideler, Farm Crisis 1919–1923 (Berkeley: University of
California Press, 1 957 ), pp. 50 51 , 55 56 .
recessions they have ... 18, written for
the President by Hoover. Faced by Harding’s public requests and
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35
Also forgotten was the fact that wages were involved in the...
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... and called also for expansion of
276 America’s Great Depression
28
Nash, “Herbert Hoover and the Origins of the RFC”; and Warren, Herbert
Hoover and the Great Depression, pp.140ff.
assets not legally ... to 11.3
percent of the gross private product, from 9.9 percent to 12 .5 per-
cent of the net product.
256 America’s Great Depression
23
See Sidney Ratner, American Taxation...
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... anti-immigration
policy until the depression was over.
40
320 America’s Great Depression
40
Robert A. Divine, American Immigration Policy, 1924–1 952 (New Haven,
Conn.: Yale University Press, 1 957 ), pp. 84–89. ... “Development of Postal Rates: 18 45 1 955 ,” Land
Economics (May, 1 957 ): 93–112; and idem, “Structure and Policy in Postal Rates,”
Journal of Political Economy (June, 1...
America’s Great Depression phần 10 pdf
... Belgium, 1 45
Bank of England, 144, 146, 150 ,
153 , 155 , 156 , 162, 258 –60
Bank of France, 144, 152 , 154 , 1 75,
258 59
Bank of Italy, 1 45, 152
Bank of Poland, 1 45
Banking
bank holidays, 3 25 28, 330
bank ... Govt. Ent. Prod. Prod.
1929 104.4 95. 8 5. 1 99.3 90.7
1930 91.1 82.6 5. 3 85. 8 77.3
1931 76.3 68.1 5. 4 70.9 62.7
1932 58 .5 50.9 5. 2 53 .3 45. 7
342 America’s...