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The Great Depression in America

14.99 €
In stock
The Great Depression in America
14.99 €
In basket
The book is devoted to analyzing the causes of the worst economic disaster in the history of the United States. First, the author briefly outlines the theory of the economic cycle, with the help of which he will analyze historical events (and also criticizes some alternative theories). The second part is devoted to the inflationary boom of 1921-1929, which prepared the ground for the stock crash of 1929. Finally, in the third part, the author describes the economic policy pursued by US President Herbert Hoover after the crisis. It was the measures to "fight" the crisis that turned the short-term economic downturn inevitable after any artificial boom into the deepest depression with stagnant mass unemployment.
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