Essays on the Great Depression

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Princeton University Press, Jan 10, 2009 - Business & Economics - 320 pages

Few periods in history compare to the Great Depression. Stock market crashes, bread lines, bank runs, and wild currency speculation were worldwide phenomena--all occurring with war looming in the background. This period has provided economists with a marvelous laboratory for studying the links between economic policies and institutions and economic performance. Here, Ben Bernanke has gathered together his essays on why the Great Depression was so devastating.


This broad view shows us that while the Great Depression was an unparalleled disaster, some economies pulled up faster than others, and some made an opportunity out of it. By comparing and contrasting the economic strategies and statistics of the world's nations as they struggled to survive economically, the fundamental lessons of macroeconomics stand out in bold relief against a background of immense human suffering. The essays in this volume present a uniquely coherent view of the economic causes and worldwide propagation of the depression.

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User Review  - walbat - LibraryThing

Ben Bernanke is, of course, the current chairman of the Federal Reserve Board and a key architect of the government response to the 2008-2009 financial crisis. Before that, however, he was a Princeton ... Read full review

Contents

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About the author (2009)

Ben S. Bernanke is a member of the Board of Governors of the U.S. Federal Reserve System. He is on leave from Princeton University, where he is the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs. He is author of many publications and coauthor of the recent Princeton University Press book, Inflation Targeting: Lessons from the International Experience.

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