Abstract
What caused the worldwide collapse in output from 1929 to 1933? Why was the recovery from the trough of 1933 so protracted for the United States? How costly was the decline in terms of welfare? Was the decline preventable? These are some of the questions that have motivated economists to study the Great Depression.
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Chatterjee, S., Corbae, P.D. (2016). Great Depression, monetary and financial forces in. In: Jones, G. (eds) Banking Crises. Palgrave Macmillan, London. https://doi.org/10.1057/9781137553799_17
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DOI: https://doi.org/10.1057/9781137553799_17
Publisher Name: Palgrave Macmillan, London
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