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The Great Depression

  • Frederick Betz
Chapter
Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)

Abstract

As Ben Bernanke (Chair of the US Federal Reserve System in 2012) commented: To understand the great depression is the Holy Grail of macroeconomics. Not only did the Depression give birth to macroeconomics as a distinct field of study, but also—to an extent that is not always fully appreciated—the experience of the 1930s continues to influence macroeconomists’ beliefs, policy recommendations, and research agendas.” (Bernanke 1995)

Keywords

Stock Market Money Supply Public Utility Bank Failure Federal Reserve System 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

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Copyright information

© Springer International Publishing Switzerland 2014

Authors and Affiliations

  • Frederick Betz
    • 1
  1. 1.Portland State UniversityPortlandUSA

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