Hall of Mirrors
The Great Depression, the Great Recession, and the Uses-and Misuses-of History
The two great financial crises of the past century are the Great Depression of the 1930s and the Great Recession, which began in 2008. Both occurred against the backdrop of sharp credit booms, dubious banking practices, and a fragile and unstable global financial system. When markets went into cardiac arrest in 2008, policymakers invoked the lessons of the Great Depression in attempting to avert the worst. While their response prevented a financial collapse and catastrophic depression like that of the 1930s, unemployment in the U.S. and Europe still rose to excruciating high levels. Pain and suffering were widespread.The question, given this,…
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Produktdetails
- ISBN: 978-0-19-939201-8
- EAN: 9780199392018
- Produktnummer: 29057864
- Verlag: Oxford University Press
- Sprache: Englisch
- Erscheinungsjahr: 2014
- Seitenangabe: 368 S.
- Plattform: PDF
- Masse: 23'041 KB
Über den Autor
Barry Eichengreen is Professor of Economics and Political Science at the University of California, Berkeley. His previous books include Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System and Golden Fetters: The Gold Standard and the Great Depression, 1919-1939.
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