The Great Depression and Mr. Keynes Keynes, John Maynard

Kamran Dadkhah ()
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Kamran Dadkhah: Northeastern University

Chapter Chapter 1 in The Evolution of Macroeconomic Theory and Policy, 2009, pp 1-27 from Springer

Abstract: The 24th of October, 1929, known as Black Thursday, started just like any other day. It rained in New York City, and the temperature fluctuated between a low of 44 and a high of 59 degrees Fahrenheit. The previous day, according to the New York Times, “firm tone” prevailed on the London Exchange, “French stocks [were] uneven,” and on the German Boerse “losses due to profit-taking [were] mostly recovered.” Perhaps the only indication that something was amiss was the Times report that in the previous day unlisted stocks had sharply declined.

Keywords: Interest Rate; Gross Domestic Product; Minimum Wage; Federal Reserve; Government Expenditure (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-77008-4_1

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DOI: 10.1007/978-3-540-77008-4_1

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