ECON 2513 Lecture Notes - Lecture 5: Stock Market Crash, Roaring Twenties, Deindustrialization
17 Oct 2018
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Global economic history: week 5 slide (cid:1005)9(cid:1006)(cid:1004)(cid:859)s. Ww1 leads to an end of economic optimism. In general the time period shows a lack of confidence in capitalism and sense of living on borrowed time. A roaring 20s brought to an end by the great depression in 1929. Known as black tuesday october 29th 1929. General uncertainty about causes and best policy response. The economic situation in the us before the great depression was. During the great depression the global industrial output decreased for. The reaction in the us to the stock market crash of 1929. Contentious, but initially dominated by a hands-off policy letting banks fail. Time before great depression characterized by economic volatility and uncertainty. Great depression substantially larger than prior (or later) economic shocks. I(cid:374)itial (cid:396)ea(cid:272)tio(cid:374) t(cid:396)eat is as a (cid:396)egula(cid:396) (cid:862)(cid:272)o(cid:396)(cid:396)e(cid:272)tio(cid:374)(cid:863) Central of financial / banking crises in the us. Americas monetary collapse internal and external drain (again)
