Given such a high war cost, it would have been hard to avert the Great Depression even if major countries had abandoned the gold standard. In fact, if they had stuck to the gold standard all along, they might not even have caused the depression. Moreover, if it were the Western powers...
We face simultaneously an epochal health crisis, the biggest economic calamity and job losses since the Great Depression, and dangerous new threats to human rights. ©️ 儿基会|在叙利亚北部的一个营地中,一名年轻女孩戴着口罩,以免感染新冠病毒。 疫情暴露了世界的种种脆弱性。其中包括日益加剧的不平...
The battle is perennial, and victory is never assured. Through civil war, the great depression, World War, 9/11, through struggle, sacrifices, and setbacks, our better angels have always prevailed. In each of these moments, enough of us — enough of us — have come together to carry all...
the worst economic crisis since the Great Depression, and the worst attack on our democracy since the Civil War. But we came together as Americans, and we braved through it. We emerged stronger, more prosperous, and more secure. Today, we have the strongest economy in the world ...
Comparisons with the interwar period show that the recent economic downturn was faster, larger and more severe than during the early 1930s. More importantly, analysing the determinants of the two crises, we conclude that Greece's problems arose from its inability to credibly adhere to a nominal ...
Understanding the Great Depression in the United States versus Canada It is now recognized that the Great Depression should be viewed as a global phenomenon with its roots in the gold standard so arduously restored in Great Britain in 1925. Temin (1989) and Eichengreen (1992) provide arguably th...
在美国,这场长达 10 年的危机迫使数千家银行倒闭,进出口急剧下降,商业萧条,一千七百多万工人失业。美国人把这场危机称作 "the Great Depression"(大萧条)。 A major war seemed all too likely.--这指的是第二次世界大战(1939-1945年),它很有可能爆发。
It was caused by several factors, including the stock market crash of 1929, increased tariffs, and decreased consumer spending. Recovery was slow and difficult but was eventually brought about through government policies and programs. Today, the lessons of the Great Depression continue to inform ...
The Great Depression that followed the stock market crash of 1929 saw hundreds of thousands of Americans out of work. In the years of great fear and depression, a lot of American citizens looked desperately to the federal government for assistance. Of all the programs designed by President Roose...
The Motive: The Phillips Curve and the Pursuit of Full Employment通胀形成的原因:菲利普斯曲线与追求充分就业The first part of the story, the motive underlying the Great Inflation, dates back to the immediate aftermath of the Great Depression, an earlier and equally transformative period for ...