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The Forgotten Depression 1921

Door James Grant

The Forgotten Depression 1921
CategorieEconomie & Management
Boeknummer#352358
TitelThe Forgotten Depression 1921: The Crash That Cured Itself
AuteurGrant, James
BoektypeGebonden hardcover met stofomslag
UitgeverijNew York : Simon & Schuster
Jaar van uitgave2014
ISBN101451686455
ISBN139781451686456
TaalEngels
BeschrijvingOriginal boards, dust jacket, 8vo.
Samenvattingames Grant tells the story of America's last governmentally-untreated depression; relatively brief and self-correcting, it gave way to the Roaring Twenties. His book appears in the fifth year of a lackluster recovery from the overmedicated downturn of 2007'2009. In 1920'21, Woodrow Wilson and Warren G. Harding met a deep economic slump by seeming to ignore it, implementing policies that most twenty-first century economists would call backward. Confronted with plunging prices, wages, and employment, the government balanced the budget and, through the Federal Reserve, raised interest rates. No 'stimulus' was administered, and a powerful, job-filled recovery was under way by late in 1921. In 1929, the economy once again slumped'and kept right on slumping as the Hoover administration adopted the very policies that Wilson and Harding had declined to put in place. Grant argues that well-intended federal intervention, notably the White House-led campaign to prop up industrial wages, helped to turn a bad recession into America's worst depression. He offers the experience of the earlier depression for lessons for today and the future. This is a powerful response to the prevailing notion of how to fight recession. The enterprise system is more resilient than even its friends give it credit for being, Grant demonstrates.
Pagina's254
ConditieGoed
Prijs€ 15,00
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