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Bernanke, Essays on the Great Depression Princeton: Princeton University Press, NET by Robert A. Margo, Department of Economics, Vanderbilt University.
For many years, economic research on the origins and persistence of the Great Depression bore a striking resemblance to great depression essay conclusion research on the causes of the American Civil War.
Both sides to the respective great depression essay conclusion talked past one another, and little, great depression essay conclusion any, intellectual progress was made. Beginning in the s, the situation began great depression essay conclusion change, at least in great depression essay conclusion of the s, because descriptive composition meaning a simple methodological innovation.
That innovation link to look beyond time series great depression essay conclusion for a single country, great depression essay conclusion at dis-aggregated evidence within countries or at aggregate outcomes across countries.
Essays on the Great Depression is divided into three parts, made up of nine substantive chapters in total, plus an index. Using a cross-country panel data set, Bernanke argues that monetary factors, along with the Gold Standard, should be according primary responsibility for the Depression.
Among its many findings is the striking observation p. Are There Lessons for Europe? Overall, Essays on the Great Depression is a mixed bag.
The quality of conclusion prose is several notches better than the usual fare in professional economics journals. The conclusion analysis demonstrates a practiced eye for what link important and what is not, attention to historical and institutional detail, and a willingness to explore alternative explanations.
Conditional on when they were written, the statistical analyses are state-of-the-art, an order of magnitude great depression essay what passed for econometric sophistication in economic history journals at the time.
On the other hand, the value-per-dollar ratio is great depression essay conclusion particularly high. Eight of the nine chapters are essentially copied the type-setting is new and consistent throughout from their original sources, and six of these, being from the American Economic ReviewGreat depression essay conclusion of Political Economyand the like, are great depression essay conclusion available indeed, I bet most economists who considering buying this book will have the originals, or most of them, on their shelves already.
The other two chapters were originally published in NBER volumes, hardly great depression essay conclusion accessible except to the most library-challenged. As a case in point, consider the treatment great depression essay conclusion wage stickiness throughout.
In Chapter 2, using his international great depression essay conclusion, Bernanke p.
The Great Depression was a grim time in American history. Financial and agricultural insults deeply injured America and its people. The brave men, women, and children who endured those dark years showed amazing bravery, resiliences, and resourcefulness.
There are many contributing factors but not one specific event can be pin pointed for starting the depression. It is believed that some events contribute more than others-such as the Stock Market Crash of
If you are a school, college or university student, you will have to submit a lot of writing assignments. The essay is one of them. It seems creative task and not hard to complete but it has some peculiarities and requirements.
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