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In this magisterial account of the Great Depression, MIT economist Charles Kindleberger emphasizes three factors that continue to shape global financial markets: panic, the power of contagion, and importance of hegemony. Reissued on its fortieth anniversary with a new foreword by Barry J. Eichengreen and J. Bradford DeLong, this masterpiece of economic history shows why U.S. Treasury Secretary Lawrence Summers, during the darkest hours of the 2008 global financial crisis, turned to Kindleberger and his peers for guidance.
List of Text Figures
List of Tables
Foreword
Preface
1. Introduction
2. Recovery from the First World War
3. The Boom
4. The Agricultural Depression
5. The 1929 Stock-Market Crash
6. The Slide to the Abyss
7. 1931
8. More Deflation
9. The World Economic Conference
10. The Beginnings of Recovery
11. The Gold Bloc Yields
12. The 1937 Recession
13. Rearmament in a Disintegrating World Economy
14. An Explanation of the 1929 Depression
Bibliography
Index
Description
In this magisterial account of the Great Depression, MIT economist Charles Kindleberger emphasizes three factors that continue to shape global financial markets: panic, the power of contagion, and importance of hegemony. Reissued on its fortieth anniversary with a new foreword by Barry J. Eichengreen and J. Bradford DeLong, this masterpiece of economic history shows why U.S. Treasury Secretary Lawrence Summers, during the darkest hours of the 2008 global financial crisis, turned to Kindleberger and his peers for guidance.
