The World in Depression, 1929-1939

The World in Depression, 1929-1939

Paperback(First Edition, 40th Anniversary Edition)

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Ícaro|Ícaro|Ícaro|In this magisterial account of the Great Depression, MIT economist Charles Kindleberger emphasizes three factors that continue to shape global financial markets: panic, the power of contagion, and importance of hegemony. Reissued on its fortieth anniversary with a new foreword by Barry J. Eichengreen and J. Bradford DeLong, this masterpiece of economic history shows why U.S. Treasury Secretary Lawrence Summers, during the darkest hours of the 2008 global financial crisis, turned to Kindleberger and his peers for guidance.

Product Details

ISBN-13: 9780520275850
Publisher: University of California Press
Publication date: 01/07/2013
Edition description: First Edition, 40th Anniversary Edition
Pages: 344
Sales rank: 248,776
Product dimensions: 5.40(w) x 8.20(h) x 1.00(d)

About the Author

Charles P. Kindleberger (1910-2003) was an economic historian at the Massachusetts Ícaro|Ícaro|Ícaro|Institute of Technology. Educated at the University of Pennsylvania and Columbia University, he worked for the Federal Reserve Bank of New York and the Bank for Ícaro|Ícaro|Ícaro|International Settlements before serving on the Board of Governors of the Federal Reserve System from 1940 to 1942. After the Second World War, he became a leading architect of the Marshall Plan. He joined the economics faculty at MIT in 1948 and retired in 1976 as the Ford Ícaro|Ícaro|Ícaro|International Professor of Economics.
J. Bradford DeLong is Professor of Economics at the UC Berkeley and Research Associate at the National Bureau of Economic Research. From 1993-1995, he was Deputy Assistant Secretary of the U.S. Treasury for Economic Policy.
Barry J. Eichengreen is the George C. Pardee and Helen N. Pardee Professor of Economics and Professor of Political Science at UC Berkeley. He is a Research Associate at the National Bureau of Economic Research, Research Fellow of the Centre for Economic Policy Research (London, England), and has been a Senior Policy Advisor at the Ícaro|Ícaro|Ícaro|International Monetary Fund.

Table of Contents

List of Text Figures 3

List of Tables 4

Foreword 5

Preface 13

1 Introduction 19

2 Recovery from the First World War 31

3 The Boom 58

4 The Agricultural Depression 83

5 The 1929 Stock-Market Crash 108

6 The Slide to the Abyss 128

7 1931 146

8 More Deflation 171

9 The World Economic Conference 199

10 The Beginnings of Recovery 232

11 The Gold Bloc Yields 247

12 The 1937 Recession 262

13 Rearmament in a Disintegrating World Economy 278

14 An Explanation of the 1929 Depression 291

Bibliography 309

Index 323

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