The Great Depression: Delayed Recovery and Economic Change in America, 1929-1939 / Edition 1

The Great Depression: Delayed Recovery and Economic Change in America, 1929-1939 / Edition 1

by Michael A. Bernstein
     
 

ISBN-10: 0521379857

ISBN-13: 9780521379854

Pub. Date: 07/28/2012

Publisher: Cambridge University Press

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

Overview

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.

Product Details

ISBN-13:
9780521379854
Publisher:
Cambridge University Press
Publication date:
07/28/2012
Series:
Studies in Economic History and Policy: USA in the Twentieth Century Series
Edition description:
Reprint
Pages:
288
Product dimensions:
5.98(w) x 8.98(h) x 0.59(d)

Related Subjects

Table of Contents

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.

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