The Great Depression: Delayed Recovery And Economic Change In America, 1929-1939 (Studies In Economic History And Policy: Usa In The Twentieth Century)

The Great Depression: Delayed Recovery And Economic Change In America, 1929-1939 (Studies In Economic History And Policy: Usa In The Twentieth Century)

  • Publish Date: 1989-01-27
  • Binding: Paperback
  • Author: Michael A. Bernstein
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Cambridge University Press
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By examining the uneven fate of manufacturing industries during the 1930s, Michael Bernstein presents a powerful new interpretation of the Great Depression. The depth and persistence of the slump, he argues, cannot be explained by cyclical theories alone, but by the conjunction of a crisis in financial markets with a long-run transformation in the kinds of goods and services required by firms and households. By focusing on evidence from specific industries, Professor Bernstein provides a more detailed picture of what happened to the American economy in the thirties that was so different from previous downturns.

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