Economics 2150A/B Study Guide - Quiz Guide: Wall Street Crash Of 1929, John Maynard Keynes, Monetarism

• School: Western University
• Department: Economics
• Course: Economics 2150A/B
• Professor: Colin Denniston

Document Summary

The great depression came close to destroying to both capitalism and democracy, and led more or less directly to war. It was followed, however, by a generation of sustained economic growth in the industrial world, during which recessions were short and mild, recoveries strong and sustained. 14th september, first run on a british bank for 150 years - northern rock, ppl queuing to get their money out. 1929 crash and subsequent catastrophic contraction of economic activity provoked intensive contemporary discussion from various perspectives. A monetary history of the us 1967-1960 - freidman & schwartz , reprinted in part as the great. Freidman"s view was that it was caused by a drastic contraction of the money supply. Huge technological changes and innovation, intertwining of real events with financial activities. How do booms and slumps occur in market economies and with what frequency and intensity, need to look at real factors.