Name: The Great Depression By Michael A. Bernstein (Princeton University, New Jersey)
SKU: 9780521379854
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The Great Depression Summary

The Great Depression: Delayed Recovery and Economic Change in America, 1929-1939 by Michael A. Bernstein (Princeton University, New Jersey)

This 1988 book focuses on the real puzzle of 1930s America: why did the economy fail to recover from the downturn of 1929-33? The author presents a convincing case that there were important long-run tendencies within the economy that are crucial to understanding this failure. From a wealth of detail about individual industries emerges a bold thesis about the interwar economy that emphasizes both cyclical and secular factors and shows that some sectors of the economy demonstrated technological dynamism during the 1930s. His approach cuts across the more traditional explanations which have been for the most part tests of economic theories rather than historical explanations of the depression.

The Great Depression Reviews

'Bernstein focuses on the real puzzle of the 1930s: why did the economy fail to recover from the downturn of 1929-1933? he presents a convincing case that there were important long-run tendencies within the economy that are crucial to understanding this failure. His approach cuts across the more traditional explanations which have been for the most part tests of economic theories rather than historical explanations of the depression. Bernstein's book is, in a word, impressive.' Roger Ransom, University of California, Riverside
'This book makes an excellent case for the argument that sectoral transformation was an important contributing factor to the length of the Great Depression. It also points out the importance of including sectoral change in all economic histories of the twentieth century.' John Joseph Wallis, Journal of Economic History
'Michael Bernstein changes the nature of the recent debate about the aftermath of the great Depression. Instead of the familiar but now sterile arguments about macroeconomic aggregates, Bernstein forces us to consider long-term secular change. From a wealth of detail about individual industries emerges a bold thesis about the interwar economy. His work is ambitious and substantial. His arguments represent a major challenge to received wisdom. No small achievement.' Michael Weinstein, Reviews in American History
'By emphasizing both cyclical and secular factors and by showing that some sectors of the economy demonstrated technological dynamism during the 1930s, this book performs a valuable service.' Peter Fearon, Economic History Review

List of tables; List of figures; Editors' preface; Preface; Introduction: the puzzle of the 1930s; 1. Long-term economic growth and the problem of recovery in the United States, 1929-39; 2. The transformation of American industry in the interwar period; 3. A reassessment of investment failure in the interwar economy; 4. Technical change during the interwar years; 5. The effective demand problem of the interwar period I: cyclical and structural unemployment; 6. The effective demand problem of the interwar period II: cyclical and secular changes in final demand; 7. New deal economic policy and the problem of recovery; 8. Contemporary economic problems in historical perspective; Bibliography; Index.

Additional information

Sku

NPB9780521379854

ISBN 13

9780521379854

ISBN 10

0521379857

Title

The Great Depression: Delayed Recovery and Economic Change in America, 1929-1939 by Michael A. Bernstein (Princeton University, New Jersey)

Author

Michael A. Bernstein (Princeton University, New Jersey)

Series

Studies in Economic History and Policy: USA in the Twentieth Century

Condition

New

Binding type

Paperback

Publisher

Cambridge University Press

Year published

19890127

Number of pages

288

Prizes

N/A

Cover note

Book picture is for illustrative purposes only, actual binding, cover or edition may vary.

Note

This is a new book - be the first to read this copy. With untouched pages and a perfect binding, your brand new copy is ready to be opened for the first time

The Great Depression Michael A. Bernstein (Princeton University, New Jersey)

The Great Depression by Michael A. Bernstein (Princeton University, New Jersey)

Summary

The Great Depression Summary

The Great Depression: Delayed Recovery and Economic Change in America, 1929-1939 by Michael A. Bernstein (Princeton University, New Jersey)

The Great Depression Reviews

Table of Contents

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Customer Reviews - The Great Depression