America’s Great Depression phần 6 potx

... 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, 1937), pp. 176ff. 4 Lester V. Chandler, ... that 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 t...

Ngày tải lên: 14/08/2014, 22:20

... 1907–1908 and 1819–1821. 1 Yet the Great Depression that ignited in 1929 lasted, in effect, for eleven years. In addition to its great duration, the 1929 depression stamped itself on the American ... 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 185 The d...

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. 5 76 78. Professor Hayek, in his well-known...

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 ... factor prices, hastening the recovery, and permitting normal 40 America’s Great Depression of spending. The task of government in a depression, according to the Keynesians, is acco...

Ngày tải lên: 14/08/2014, 22:20

... 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 (largely bank premises ... Business Week (November 16, 1957). TABLE 6 MEMBER BANK RESERVES AND DEPOSITS* Reserves Member Bank Date Member Bank Deposits Reserve Ratio June 30, 1921 1 .60 18 .6 11 .6 : 1 June 30,...

Ngày tải lên: 14/08/2014, 22:20

... the gold inflow into the United States, of which about 40 percent had 1 46 America’s Great Depression 17 Robbins, The Great Depression, p. 80. 18 Strong to Mellon, May 27, 1924. Quoted in Chandler, ... coinage, 148 America’s Great Depression 20 Norman to Strong, October 16, 1924. Cited in Chandler, Benjamin Strong, Central Banker, p. 302. 21 Norman to Hjalmar Schacht, Decemb...

Ngày tải lên: 14/08/2014, 22:20

... welcomed by the coops. In 19 26, Jardine sponsored the “Jardine Plan” for a federal farm advi- sory council and a farmers’ marketing commission to subsidize 2 26 America’s Great Depression 17 See Saloutos ... refusing to agree to their demand that he order no more farm foreclosures. 27 2 36 America’s Great Depression 26 There were also “milk strikes” in some areas, with milk tr...

Ngày tải lên: 14/08/2014, 22:20

... and called also for expansion of 2 76 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 ... measure to none other than Otto Tod Mallery. 6 The Pres- ident’s Committee was the main government organ dealing with 264 America’s Great Depression 6 See Irving Bernstein, The...

Ngày tải lên: 14/08/2014, 22:20

... unproductive rather than productive invest- ments. On March 6, Hoover delivered a public address on the evils 3 06 America’s Great Depression 26 Seymour E. Harris, Twenty Years of Federal Reserve Policy ... achievement, and prepared to continue his anti-immigration policy until the depression was over. 40 320 America’s Great Depression 40 Robert A. Divine, American Immigratio...

Ngày tải lên: 14/08/2014, 22:20

... 190–91 Great Britain monetary policies, 117–18, 122, 130, 142–44, 1 46 47, 149–50, 152–55, 161 , 165 66 , 175, 181, 258 62 , 271, 274 see also Bank of England Great Depression, See Depression 3 56 America’s ... (May 5, 1958): 18. Capital goods, 9–14, 16, 18, 29–31, 37, 46, 56 57, 59 61 , 63 64 , 67 68 , 71–72, 79–80, 171, 248, 261 , 315, 331, 3 36 Capper–Haugen Bill, 2 26 Cap...

Ngày tải lên: 14/08/2014, 22:20