Abstract
The depression of the 1930s was a worldwide phenomenon. The economic activity of practically every country was strongly influenced by the depression. This was the case for a small open economy like the Swedish one as well as for a large and fairly closed economy like the American. The character of the depression, however—particularly its duration and its severity—differed significantly from one country to another. Generally, countries that had left the gold standard at an early stage of the depression experienced a less pronounced decline in prices and output than those that remained on gold.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Cagan, P. 1965. Determinants and Effects of Changes in the Stock of Money, 1875–1960. New York: Columbia University Press, for the National Bureau of Economic Research.
Cassei, G. 1932. “A Contribution to Characterization of the Crisis.” Skandianaviska Kreditaktiebolaget Quarterly Review, October.
Friedman, M., and Schwartz, A. J. 1963. A Monetary History of the United States, 1867–1960. Princeton, N.J.: Princeton University Press, for the National Bureau of Economic Research.
Gandolfi, A. E., and Lothian, J. R. 1977. “Did Monetary Forces Cause the Great Depression?” Journal of Money, Credit and Banking 9: 679–91.
Johansson, O. 1968. The Gross Domestic Product of Sweden and Its Composition, 1861 – 1955. Uppsala: Almquist & Wiksell.
Jonung, L. 1975. “Studies in the Monetary History of Sweden.” Ph.D diss., University of California at Los Angeles.
—. 1979a. “Cassel, Davidson and Heckscher on Swedish Monetary Policy—A Confidential Report to the Riksbank in 1931.” Economy and History: 85–101.
—. 1979b. “Knut Wicksell’s Norm of Price Stabilization and Swedish Monetary Policy in the 1930’s.” Journal of Monetary Economics 5: 459–96.
Krantz, O., and Nilsson, C-A. 1975. Swedish National Product, 1861 – 1970. Kristianstad: Gleerup.
Mayer, T. 1978. “Consumption in the Great Depression.” Journal of Political Economy 86: 123–39.
Meltzer, A. 1976. “Monetary and Other Explanations of the Start of the Great Depression.” Journal of Monetary Economics 2: 455–71.
Sweden. Kommerskollegium. Various issues. Economisk oversikt. Stockholm: Kommerskollegium.
Temin, P. 1976. Did Monetary Forces Cause the Great Depression? New York: W. W. Norton.
U.S. Department of Commerce. 1960. Historical Statistics of the United States, Colonial Times to 1957. Washington, D.C.: Government Printing Office.
—. 1966. Long Term Economic Growth, 1860–1965. Washington, D.C.: Government Printing Office.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1981 University of Rochester Center for Research in Government Policy and Business
About this chapter
Cite this chapter
Jonung, L. (1981). The Depression in Sweden and the United States: A Comparison of Causes and Policies . In: Brunner, K. (eds) The Great Depression Revisited. Rochester Studies in Economics and Policy Issues, vol 2. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-8135-5_17
Download citation
DOI: https://doi.org/10.1007/978-94-009-8135-5_17
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-009-8137-9
Online ISBN: 978-94-009-8135-5
eBook Packages: Springer Book Archive