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...

Ngày tải lên: 14/08/2014, 22:20

... 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...

Ngày tải lên: 14/08/2014, 22:20

... 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...

Ngày tải lên: 14/08/2014, 22:20

... 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...

Ngày tải lên: 14/08/2014, 22:20

... 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...

Ngày tải lên: 14/08/2014, 22:20

... 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 188 America’s Great Depression 3 See Joseph Dorfman, The Economic Mind in American Civilization (New York: Viking Press, 1 959 ), vol. 14...

Ngày tải lên: 14/08/2014, 22:20

... 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 202 America’s Great Depression 35 Also forgotten was the fact that wages were involved in the...

Ngày tải lên: 14/08/2014, 22:20

... 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...

Ngày tải lên: 14/08/2014, 22:20

... 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...

Ngày tải lên: 14/08/2014, 22:20

... 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...

Ngày tải lên: 14/08/2014, 22:20