The World in Depression, 1929 1939
“The World in Depression is the best book on the subject, and the subject, in turn, is the economically decisive decade of the century so far.”—John Kenneth Galbraith
"[Kindleberger] has written perhaps the finest analytical account of the run-up to the Great Depression and the ensuing run-down from it into mild recovery and eventual world war. [This] brilliant book remains a carefully documented admonition to our leading spirits to 'look to the ends' of what they are currently about."—Times Literary Supplement
"Charles Kindleberger's The World in Depression opened American eyes to the failures of interdependence behind the First Great Depression. DeLong and Eichengreen render great service by bringing this history to today's readers, with a preface that notes grim parallels and rephrases urgent questions for the Eurozone and for the wider world. You can't go wrong by reading Kindleberger—and better late than never."—James K. Galbraith, author of Inequality and Instability: A Study of the World Economy Just Before the Great Crisis.
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abroad agreement agricultural American April August Australia balance Bank of England Bank of France boom borrowing Britain British Brüning capital cent central banks countries crisis currency Dawes Plan debts December decline deflation deflationary depression devaluation discount dollar domestic Europe European exchange depreciation exchange rates exports Federal Reserve Bank Federal Reserve System Feis foreign exchange foreign lending French Friedman funds Germany gold bloc gold standard Heinrich Brüning Hoover ibid imports income increase industrial inflation interest rates investment issue January Japan July June Keynes Kindleberger Labour leadership League of Nations loans London Macmillan March ment million RM Milton Friedman Moley monetary policy Moreau Morgenthau Norman November October open-market Paris payments political pound President pressure Princeton production programme raised recovery Reichsbank reparations rise Roosevelt Schacht September stabilization sterling stock market tariffs tion trade Treasury unemployment United University Press Washington wheat World Economic Conference York Young Plan