Αποτελέσματα Αναζήτησης
Lesson 1 – Measuring the Great Depression This lesson introduces tools—such as Gross Domestic Product (GDP), the unemployment rate and the Consumer Price Index (CPI)—that are used to measure the economy’s health, through an analysis of simple bar charts and graphs.
Lesson 1 – Measuring the Great Depression. This lesson introduces tools—such as Gross Domestic Product (GDP), the unemployment rate and the Consumer Price Index (CPI)—that are used to measure the economy’s health, through an analysis of simple bar charts and graphs.
Interest in the economics of the Great Depression has been extremely high since the 2007-2008 financial crisis. One claim about the Depression that has attracted considerable attention is that the economy fell into a "liquidity trap." Monetary policy, it is said, became ineffective and deficit spending was the only policy capable of shortening
The monetary crisis in the Great Depression caused the money supply to drop significantly. Many economists argue that this drop converted what had been a recession into a severe depression.
provide snapshots of the economy during the Great Depression. These graphs help students develop an understanding of the condition of the economy, which is critical to understanding the Great Depression.
A simple picture provides perhaps the clearest evidence of the key role monetary collapse played in the Great Depression in the United States. Figure 1 shows the money supply and real output over the period 1900 to 1940. In ordinary times, such as the 1920s, both the money supply and output tend to grow steadily.
This article takes a new look at Federal Reserve policy in the Great Depression. Historical analy-sis of Fed performance could provide insights into the effects of System organization on policy making. The article begins with a macroeconomic overview of the Depression.
