Knowingo
THE WORLD IN DEPRESSION 1929-1939
Why did the world economy slide into depression between the wars, and why did recovery take so long?
At a glance
- Author
- Charles P. Kindleberger
Why read it
- You will understand how prices and wages that refuse to fall turn a downturn into unemployment
- You will learn why falling commodity prices deepened the slump instead of merely moving income around
- You will see why saddling Germany with the costs of both the war and reconstruction made little sense despite precedent
Who it is for
- An economics student comparing the thirties with later crises
- A reader of financial history asking how gold standards fail
- Someone who wants the international story, not only the American one
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