Economists and historians view the events of the 1920s, the stock market boom and crash, the Great Depression and the New Deal, as being largely independent. This work presents an integrated, empirically-consistent view of this important period arguing that all of these events can be traced back to a paradigm technology shock, namely the electrification of U.S. industry from 1910 to 1926. The author goes from electrification through the stock market boom to the tariffs of the late 20s to the stock market crash and depression followed by the National Industrial Recovery Act in 1933.
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Book Description
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About the Author
Bernard C. Beaudreau is professor of economics at Université Laval in Québec, Canada. His areas of specialization include economic theory, energy economics, economic history, macroeconomics, technological change and international trade.
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2 of 3 people found the following review helpful:
5.0 out of 5 stars
What a Book!,
A Kid's Review
This review is from: Mass Production, the Stock Market Crash, and the Great Depression: The Macroeconomics of Electrification (Contributions to the Study of Popular Culture,) (Hardcover)
This book was excellent. The wording of the book was great. It was very understandable. This book had so many facts. It also had a lot of details. It talks about the great depression. I give this book 5 STARS, because the Physical form was great, and the wording was absolutely easy!
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Inside This Book
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Key Phrases - Statistically Improbable Phrases (SIPs):
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wage index, macroeconomic coordination failures, massive technology shock, tariff initiative, second policy response, higher equilibrium growth path, proposed tariff bill, first policy response, hypothetical economy, equilibrium growth paths, electric power consumption, tariff hikes, technology shocks, sequential production Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Great Depression, Smoot-Hawley Tariff Bill, Ford Motor Company, Department of Commerce, Henry Ford, Senator Smoot, Great Britain, Wall Street, World War, New York, The Second Policy Response, President Hoover, Model of Macroeconomic Coordination Failures, Insurgent Republicans, Senator Robert, Detroit Edison Illuminating Company, Blue Eagle, Estimating Potential, Senator Reed Smoot, New Deal, Old-Guard Republicans, The Miracle, Bank of England, Brookings Institution Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
wage index, macroeconomic coordination failures, massive technology shock, tariff initiative, second policy response, higher equilibrium growth path, proposed tariff bill, first policy response, hypothetical economy, equilibrium growth paths, electric power consumption, tariff hikes, technology shocks, sequential production Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Great Depression, Smoot-Hawley Tariff Bill, Ford Motor Company, Department of Commerce, Henry Ford, Senator Smoot, Great Britain, Wall Street, World War, New York, The Second Policy Response, President Hoover, Model of Macroeconomic Coordination Failures, Insurgent Republicans, Senator Robert, Detroit Edison Illuminating Company, Blue Eagle, Estimating Potential, Senator Reed Smoot, New Deal, Old-Guard Republicans, The Miracle, Bank of England, Brookings Institution Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
6
books
cite this book:
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- Energy and Organization: Growth and Distribution Reexamined (Contributions in Economics and Economic History) by Bernard C. Beaudreau on page 166, Back Matter (1), and Back Matter (2)
- Space and Transport in the World-System (Contributions in Economics and Economic History) by Stephen G. Bunker in Back Matter
- The Logic of Privatization: The Case of Telecommunications in the Southern Cone of Latin America (Contributions in Economics and Economic History) by Walter Molano in Front Matter
- Sino-American Economic Relations, 1944-1949: (Contributions in Economics and Economic History) by C. X. George Wei in Front Matter
- Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises (Contributions in Economics and Economic History) by Randall G. Holcombe in Front Matter
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