The Great Depression Of The 1930s

What role did the agricultural sector play in the economic crash of 1929? Taking evidence from country cases across Europe and the Americas, this edited volume explores short-, medium- and long- term perspectives on the primary sector. The monograph brings together the voices of an international panel of contributors who examine issues such as falling prices, industrial production, unemployment and the stagnation of aggregate demand. Together, they frame the interwar period as a pivotal turning point in the decline of subsistence agriculture and the growth of agricultural subsidies, which remain a key policy tool in many economies today. This illuminating book will be of interest to advanced students and researchers in economic history, agricultural history, globalization and economic development.

Understanding the Great Depression has never been more relevant than in today's economic crisis. This edited collection provides an authoritative introduction to the Great Depression as it affected the advanced countries in the 1930s. The contributions are by acknowledged experts in the field and cover in detail the experiences of Britain, Germany, and, the United States, while also seeing the depression as an international disaster. The crisis entailed the collapse of the international monetary system, sovereign default, and banking crises in many countries in the context of the most severe downturn in western economic history. The responses included protectionism, regulation, fiscal and monetary stimulus, and the New Deal. The relevance to current problems facing Europe and the United States is apparent. The chapters are written at a level which will be comprehensible to advanced undergraduates in economics and history while also being a valuable source of reference for policy makers grappling with the current economic crisis. The book will be of interest to modern macroeconomists and students of interwar history alike and seeks to bring the results of modern research in economic history to a wide audience. The focus is not only on explaining how the Great Depression happened but also on understanding what eventually led to the recovery from the crisis. A key feature is that every chapter has a full list of bibliographical references which can be a platform for further study.

In The Great Depression: Experience the 1930s From the Dust Bowl to the New Deal, readers ages 12 to 15 investigate the causes, duration, and outcome of the Great Depression, the period of time when more than 20 percent of Americans were unemployed. They discover how people coped, what new inventions came about, and how the economics of the country affected the arts, sciences, and politics of the times. The decade saw the inauguration of many social programs that Americans still benefit from today. The combination of President Roosevelt’s New Deal and the dawning of World War II gave enough economic stimulus to boost the United States out of its slump and into a new era of recovery. In The Great Depression, students explore what it meant to live during this time. Projects such as designing a 1930s outfit and creating a journal from the point of view of a kid whose family is on the road help infuse the content with realism and practicality. In-depth investigations of primary sources from the period allow readers to engage in further, independent study of the times. Additional materials include a glossary, a list of current reference works, and Internet resources.

Although Latin America weathered the Great Depression better than the United States and Europe, the global economic collapse of the 1930s had a deep and lasting impact on the region. The contributors to this book examine the consequences of the Depression in terms of the role of the state, party-political competition, and the formation of working-class and other social and political movements. Going beyond economic history, they chart the repercussions and policy responses in different countries while noting common cross-regional trends--in particular, a mounting critique of economic orthodoxy and greater state intervention in the economic, social, and cultural spheres, both trends crucial to the region's subsequent development. The book also examines how regional transformations interacted with and differed from global processes. Taken together, these essays deepen our understanding of the Great Depression as a formative experience in Latin America and provide a timely comparative perspective on the recent global economic crisis. Contributors. Marcelo Bucheli, Carlos Contreras, Paulo Drinot, Jeffrey L. Gould, Roy Hora, Alan Knight, Gillian McGillivray, Luis Felipe Sáenz, Angela Vergara, Joel Wolfe, Doug Yarrington

The principal cause of the 1930s depression in Southeast Asia lay outside the region—through a sharp contraction in demand for the region's major commodity exports. But it had important internal causes, too: an oversupply of primary commodities and an increasing scarcity of new agricultural land leading to higher rents and lower wages, rising indebtedness and increasing landlessness. This work thoroughly analyses the pre-war depression. It also looks at the changes in the basic structures of the economies of Southeast Asia that were of long-term importance, such as the role of the state in the economy. The authors also draw similarities and contrasts between the 1930s depression and the 1990s Asian crisis. Contributors are Peter Boomgaard, Anne Booth, Pierre Brocheux, Ian Brown, William G. Clarence-Smith, Daniel F. Doeppers, Paul H. Kratoska, J. Thomas Lindblad, Sompop Manarungsan, S. Nawiyanto, Irene Norlund, Jeroen Touwen, and Willem Wolters. Co-published with ISEAS, Singapore

A must read for specialists interested in Depression-era economics