Reading Summaries for the Great Depression
|Capitalism's Savior By Conrad Black||Paper praising the works of Roosevelt going against Jim Powell saying that FDR prolonged the depression.|
|Great Myth's of the Great Depression: Lawrence Reed|| Argues against the idea that the stock market crash was the cause of the great depression.|
Argues against common idea that goverment involvement is necessary to maintain a balanced economy
|Paper: What determines the price level?|| Important background information.|
Price level measures the amount of money you have to give up to obtain a unit of the average good in the economy.
Value of money = 1/price level
When you increase the money stock, the value of the money decreases.
|Real verses Nominal|| REAL is the purchasing power (will this 20 dollars buy me more or less than before)|
NOMINAL is how much cash (20 dollars)
|The forgotten Depression of 1920: Thomas E. Woods|| -During this time Harding was president|
-Hoover was secretary of commerce and urged Harding to do something.
-Harding ignored him and simply cut taxes and cut the government budget in half.
-National debt reduced by one third
-No federal activity really took place
|Not So Great Depression: Jim Powell|| Warren harding is the greatest depression fighting president, not FDR. |
He inherited Woodrow Wilson's mess and proceeded to fix it.
|US recession of 1920-21, Some Austrian Myths: Anonymous||...|
|Ohanian: Who or what started the great depression?|| Mainly focuses on how the great depression is Herbert Hoover's fault for the problems he caused with unionization polices.|
Wages and price fixing he thought the answer was... it wasn't
|The Depression within a Depression, Reserve requirement debacle of 1935-1938: Timberlake||no idea.|