The Resource The forgotten depression : 1921, the crash that cured itself, James Grant
The forgotten depression : 1921, the crash that cured itself, James Grant
Resource Information
The item The forgotten depression : 1921, the crash that cured itself, James Grant represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in European University Institute.This item is available to borrow from 1 library branch.
Resource Information
The item The forgotten depression : 1921, the crash that cured itself, James Grant represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in European University Institute.
This item is available to borrow from 1 library branch.
- Summary
- "By the publisher of the prestigious Grant's Interest Rate Observer, an account of the deep economic slump of 1920-21 that proposes, with respect to federal intervention, "less is more." This is a free-market rejoinder to the Keynesian stimulus applied by Bush and Obama to the 2007-09 recession, in whose aftereffects, Grant asserts, the nation still toils. James Grant tells the story of America's last governmentally-untreated depression; relatively brief and self-correcting, it gave way to the Roaring Twenties. His book appears in the fifth year of a lackluster recovery from the overmedicated downturn of 2007-2009. In 1920-21, 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 in 1921. In 1929, the economy once again slumped--and kept right on slumping as the Hoover administration adopted the very policies that Wilson and Harding had declined to put in place. Grant argues that well-intended federal intervention, notably the White House-led campaign to prop up industrial wages, helped to turn a bad recession into America's worst depression. He offers the experience of the earlier depression for lessons for today and the future. This is a powerful response to the prevailing notion of how to fight recession. The enterprise system is more resilient than even its friends give it credit for being, Grant demonstrates."--
- Language
- eng
- Extent
- xii, 254 pages, 16 unnumbered pages of plates
- Contents
-
- The great inflation
- Coin of the realm
- Money at war
- Laissez-faire by accident
- A depression in fact
- City Bank on the carper
- Egging on deflation
- A debacle "without parallel"
- The comptroller on the offensive
- A kind word for misfortune
- Not the government's affair
- Cut from Cleveland's cloth
- A kind of recovery program
- Wages chase prices
- Shrewd Judge Gary
- "A higher sense of service"
- Gold pours into America
- "Back to barbarism?"
- America on the bargain counter
- All for stability
- Epilogue: A triumph, in its way
- Isbn
- 9781451686456
- Label
- The forgotten depression : 1921, the crash that cured itself
- Title
- The forgotten depression
- Title remainder
- 1921, the crash that cured itself
- Statement of responsibility
- James Grant
- Language
- eng
- Summary
- "By the publisher of the prestigious Grant's Interest Rate Observer, an account of the deep economic slump of 1920-21 that proposes, with respect to federal intervention, "less is more." This is a free-market rejoinder to the Keynesian stimulus applied by Bush and Obama to the 2007-09 recession, in whose aftereffects, Grant asserts, the nation still toils. James Grant tells the story of America's last governmentally-untreated depression; relatively brief and self-correcting, it gave way to the Roaring Twenties. His book appears in the fifth year of a lackluster recovery from the overmedicated downturn of 2007-2009. In 1920-21, 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 in 1921. In 1929, the economy once again slumped--and kept right on slumping as the Hoover administration adopted the very policies that Wilson and Harding had declined to put in place. Grant argues that well-intended federal intervention, notably the White House-led campaign to prop up industrial wages, helped to turn a bad recession into America's worst depression. He offers the experience of the earlier depression for lessons for today and the future. This is a powerful response to the prevailing notion of how to fight recession. The enterprise system is more resilient than even its friends give it credit for being, Grant demonstrates."--
- Assigning source
- Provided by publisher
- Cataloging source
- DLC
- http://library.link/vocab/creatorDate
- 1946-
- http://library.link/vocab/creatorName
- Grant, James
- Dewey number
- 330.9730913
- Illustrations
- plates
- Index
- index present
- Literary form
- non fiction
- Nature of contents
- bibliography
- http://library.link/vocab/subjectName
-
- Depressions
- Financial crises
- United States
- United States
- Label
- The forgotten depression : 1921, the crash that cured itself, James Grant
- Bibliography note
- Includes bibliographical references (pages 221-242) and index
- Carrier category
- volume
- Carrier category code
-
- nc
- Carrier MARC source
- rdacarrier.
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent.
- Contents
- The great inflation -- Coin of the realm -- Money at war -- Laissez-faire by accident -- A depression in fact -- City Bank on the carper -- Egging on deflation -- A debacle "without parallel" -- The comptroller on the offensive -- A kind word for misfortune -- Not the government's affair -- Cut from Cleveland's cloth -- A kind of recovery program -- Wages chase prices -- Shrewd Judge Gary -- "A higher sense of service" -- Gold pours into America -- "Back to barbarism?" -- America on the bargain counter -- All for stability -- Epilogue: A triumph, in its way
- Control code
- FIEb17646947
- Dimensions
- 25 cm.
- Extent
- xii, 254 pages, 16 unnumbered pages of plates
- Isbn
- 9781451686456
- Media category
- unmediated
- Media MARC source
- rdamedia.
- Media type code
-
- n
- System control number
- (OCoLC)881560360
- Label
- The forgotten depression : 1921, the crash that cured itself, James Grant
- Bibliography note
- Includes bibliographical references (pages 221-242) and index
- Carrier category
- volume
- Carrier category code
-
- nc
- Carrier MARC source
- rdacarrier.
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent.
- Contents
- The great inflation -- Coin of the realm -- Money at war -- Laissez-faire by accident -- A depression in fact -- City Bank on the carper -- Egging on deflation -- A debacle "without parallel" -- The comptroller on the offensive -- A kind word for misfortune -- Not the government's affair -- Cut from Cleveland's cloth -- A kind of recovery program -- Wages chase prices -- Shrewd Judge Gary -- "A higher sense of service" -- Gold pours into America -- "Back to barbarism?" -- America on the bargain counter -- All for stability -- Epilogue: A triumph, in its way
- Control code
- FIEb17646947
- Dimensions
- 25 cm.
- Extent
- xii, 254 pages, 16 unnumbered pages of plates
- Isbn
- 9781451686456
- Media category
- unmediated
- Media MARC source
- rdamedia.
- Media type code
-
- n
- System control number
- (OCoLC)881560360
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.eui.eu/portal/The-forgotten-depression--1921-the-crash-that/hheoShrrcgk/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.eui.eu/portal/The-forgotten-depression--1921-the-crash-that/hheoShrrcgk/">The forgotten depression : 1921, the crash that cured itself, James Grant</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.eui.eu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.eui.eu/">European University Institute</a></span></span></span></span></div>