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Rethinking the Great Depression
Smiley, Gene
Adult Nonfiction HB3717 1929 .S55 2002

Comments  Summary  Contents  Author Notes

Prefacep. ix
1 - Prosperity Gives Way to the Great Depressionp. 3
Economic growth in the 1920s
Declining industries
Taxes, income distribution, and the stock market boom
Initial stages of the great contraction
The collapsing world economy
Continuing decline, increasing unrest, and the final banking panic
The state of the economy in March 1933
2 - What Caused the Great Depression?p. 31
A framework for analysis: markets, prices, and economic contractions
Banks and the Federal Reserve System
The gold standard
Explaining the contraction: World War I dislocations, debts, and reparations
Restoring the gold standard
German hyperinflation
Destabilizing gold flows and the deflationary policies
Why the depression was more severe in the United States
3 - The First New Deal, 1933-1935p. 71
Roosevelt and his advisers
Ending the financial crisis
The First Hundred Days
The first Agricultural Adjustment Act
The National Industrial Recovery Act
Slow recovery from 1933 to 1935
End of the NRA
4 - The Recovery Aborted, 1935-1939p. 105
Recovery from 1935 to 1937
Roosevelt swings to the left
The 1937-1938 depression
Why recovery was so slow
5 - The Legacy of the Great Depressionp. 133
World War II and the rise of Keynesian economics
Monetary policy after the Great Depression
Growth of the federal government and federal fiscalism
Intervention in agriculture
The rise of social welfare programs
International trade and finance
Could it happen again?
A Note on Sourcesp. 164
Indexp. 170

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