What caused the great depression?



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Impact of the Depression

MICHAEL D. BORDO, CLAUDIA GOLDIN, and EUGENE N. WHITE (eds.), The Defining

Moment: The Great Depression and the American Economy in the Twentieth Century (1998), includes a series of papers by distinguished scholars on the long-run impact of the Great

Depression in the United States. JOHN MAYNARD KEYNES, The General Theory of Employment ,Interest, and Money (1936, reissued 1997), is the pathbreaking work of economic theory that was inspired by the Great Depression and led to the rise of stabilization policy in the postwar era.



RESOURCES

American Economy in the Twentieth Century edited by Michael D. Bordo, Claudia Goldin, and

Eugene N. White. Chicago: University of Chicago Press for NBER, 1998, pp. 1-22.
Bernanke, Ben S. “Nonmonetary Effects of the Financial Crisis in the Propagation of the Great

Depression.” American Economic Review 73 (June 1983): 257-276.


Bordo, Michael D., Claudia Goldin, and Eugene N. White. “The Defining Moment Hypothesis:

The Editors’ Introduction.” In The Defining Moment: The Great Depression and the

Cameron, Rondo. A Concise Economic History of the World. New York: Oxford University Press, 1993.

Cary, Nelson. "The Great Depression." Modern America Poetry 2011: n. pag. Web. 29 Jul 2011.



Kelly, Martin. "Top 5 Causesof the Great Depression." American History 2011: n. pag. Web. 29

Jul 2011. .


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