Book contents
- A Great Deal of Ruin
- A Great Deal of Ruin
- Copyright page
- Contents
- Tables
- Preface
- I Introduction
- Part I Financial Crises
- Part II Five Case Studies
- 3 The Great Depression, 1929–1939
- 4 The Latin American Debt Crisis, 1982–1989
- 5 The Asian Crisis, 1997–1999
- 6 The Subprime Crisis in the United States
- 7 The Financial Crisis in Europe
- Part III Lessons
- Abbreviations and Acronyms
- Bibliography
- Index
3 - The Great Depression, 1929–1939
from Part II - Five Case Studies
Published online by Cambridge University Press: 05 August 2019
Book contents
- A Great Deal of Ruin
- A Great Deal of Ruin
- Copyright page
- Contents
- Tables
- Preface
- I Introduction
- Part I Financial Crises
- Part II Five Case Studies
- 3 The Great Depression, 1929–1939
- 4 The Latin American Debt Crisis, 1982–1989
- 5 The Asian Crisis, 1997–1999
- 6 The Subprime Crisis in the United States
- 7 The Financial Crisis in Europe
- Part III Lessons
- Abbreviations and Acronyms
- Bibliography
- Index
Summary
The Great Depression has an outsized hold on the imagination of economists. Former Chair of the Federal Reserve, Ben Bernanke, once began an academic paper with the line “To understand the Great Depression is the Holy Grail of macroeconomics” (Bernanke, 1995). His sentiment reflects the importance of the Great Depression and a sense of mystery that is perhaps beyond our ability to completely understand. Many other economists have tried their hand at the Great Depression and many more have chosen careers in economics partly so they could develop a deeper understanding of the causes of that seminal event in world history.
- Type
- Chapter
- Information
- A Great Deal of RuinFinancial Crises since 1929, pp. 69 - 91Publisher: Cambridge University PressPrint publication year: 2019