An Evaluation of Federal Reserve Policy 1924-1930  book cover
1st Edition

An Evaluation of Federal Reserve Policy 1924-1930

ISBN 9781138089860
Published February 12, 2019 by Routledge
108 Pages

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Book Description

This book, first published in 1992, explores the role of the Federal Reserve System in the Great Depression. Several theories of the causes of the Great Depression are discussed. What the Federal Reserve did, how they defended their actions, and how business writers, businessmen and economists viewed these actions are important. Analysis of these opinions sheds light on how aware of the appropriateness of Federal Reserve policy concerned participants of that time period were.

Table of Contents

Part 1. Historical Overview  1. The Prosperity of the 1920s  2. Price Stability  3. The Fundamental Weakness of the 1920s Economy  4. Agriculture and Construction Industry Weakness  5. The Uneven Distribution of Income  6. Investments Made by Business  7. Stock Market Speculation and Foreign Investments  8. The Instability of Banking (1920-29)  9. The Course of Federal Reserve Policy in the 1920s  10. Summary  11. The Great Depression  12. The Stock Market Crash  13. Bank Failures and the Federal Reserve Attitude  14. Theories of the Great Depression  15. Conclusion  Part 2. Opinion of the Period  Part 3. Conclusion

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