The Forgotten Depression
By
James Grant
Read by
Rick Adamson
Release:
12/03/2019
Release:
12/03/2019
Release:
12/03/2019
Runtime:
9h 18m
Runtime:
9h 18m
Runtime:
9h 18m
Quantity:
James Grant's story of America's last governmentally untreated depression: A bible for conservative economists, this "carefully researched history . . . makes difficult economic concepts easy to understand, and it deftly mixes major events with interesting vignettes"—The Wall Street Journal.
In 1920-1921, Woodrow Wilson and Warren G. Harding met a deep economic slump by seeming to ignore it, implementing policies that most twenty-first century economists would call backward. Confronted with plunging prices, wages, and employment, the government balanced the budget and, through the Federal Reserve, raised interest rates. No "stimulus" was administered, and a powerful, job-filled recovery was under way by late 1921. Yet by 1929, the economy spiraled downward as the Hoover administration adopted the policies that Wilson and Harding had declined to put in place.
In 1920-1921, Woodrow Wilson and Warren G. Harding met a deep economic slump by seeming to ignore it, implementing policies that most twenty-first century economists would call backward. Confronted with plunging prices, wages, and employment, the government balanced the budget and, through the Federal Reserve, raised interest rates. No "stimulus" was administered, and a powerful, job-filled recovery was under way by late 1921. Yet by 1929, the economy spiraled downward as the Hoover administration adopted the policies that Wilson and Harding had declined to put in place.
Release:
2019-12-03
2019-12-03
2019-12-03
Runtime:
Runtime:
Runtime:
9h 18m
9h 18m
9h 18m
Format:
audio
audio
audio
Weight:
0.0 lb
0.7 lb
0.5 lb
Language:
English
ISBN:
9781977365965
9798200279210
9798200279227
Praise