ENGLISH

The Great Depression: Delayed Recovery and Economic Change in America, 1929-1939 (Studies in Economic History and Policy: USA in the Twentieth Century)

By Michael A. Bernstein

Book information

Year
1987
ISBN
0521340489, 9780521340489
LCC
HB3717 1929 .B37 1987
Open Library ID
OL2377979M
Language
english
Format
PDF
Filesize
8 MB (7916954 bytes)
Pages
288\286
Topic
History
Time added
2011-06-04 13:46:07

Description

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.

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