A Great Leap Forward: 1930s Depression and U.S. Economic GrowthThis bold re-examination of the history of U.S. economic growth is built around a novel claim, that productive capacity grew dramatically across the Depression years (1929-1941) and that this advance provided the foundation for the economic and military success of the United States during the Second World War as well as for the golden age (1948-1973) that followed.Alexander J. Field takes a fresh look at growth data and concludes that, behind a backdrop of double-digit unemployment, the 1930s actually experienced very high rates of technological and organizational innovation, fueled by the maturing of a privately funded research and development system and the government-funded build-out of the country's surface road infrastructure. This significant new volume in the Yale Series in Economic and Financial History invites new discussion of the causes and consequences of productivity growth over the last century and a half and on our current prospects. |
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A Great Leap Forward: 1930s Depression and U.S. Economic Growth Alexander J. Field No preview available - 2011 |
A Great Leap Forward: 1930s Depression and U.S. Economic Growth Alexander J. Field No preview available - 2011 |
Common terms and phrases
adjustment advance aggregate analysis Asset associated average banks billion boom Bureau calculations capital century chapter compared consequence construction continued contribution costs cycle decades decline demand Depression distribution economy effects electric engine equipment estimate example factor Federal financial first growth rate higher housing impact important improvements income increase industry innovations input investment Kendrick labor labor productivity land less levels manufacturing measure noted ofthe output particularly peak percent percentage points period potential private nonfarm economy procyclical productivity growth railroads ratio recession relatively remained response result rise road saving sector share shocks Source spending Statistics steam structures suggested TFP growth TFP growth rates tion transport trend trucking twentieth unemployment United utilities World
Bibliographic information
| Title | A Great Leap Forward: 1930s Depression and U.S. Economic Growth Yale Series in Economic History Yale Series in Economic and Financial History Series |
| Author | Alexander J. Field |
| Edition | unabridged |
| Publisher | Yale University Press, 2011 |
| ISBN | 0300168756, 9780300168754 |
| Length | 288 pages |
| Subjects | › Business & Economics / Economic Conditions Business & Economics / Economic History |
| Export Citation | BiBTeX EndNote RefMan |