The World in Depression, 1929-1939 (History of the World Economy in the Twentieth Century) Revised Edition

by Charles P. Kindleberger (Author)

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ISBN-13: 978-0520055926

ISBN-10: 0520055926

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"The World in Depression is the best book on the subject, and the subject, in turn, is the economically decisive decade of the century so far."--John Kenneth Galbraith

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“The World in Depression is the best book on the subject, and the subject, in turn, is the economically decisive decade of the century so far.”—John Kenneth Galbraith

Product details

Publisher ‏ : ‎ University of California Press; Revised edition (April 22, 1986)
Language ‏ : ‎ English
Paperback ‏ : ‎ 355 pages
ISBN-10 ‏ : ‎ 0520055926
ISBN-13 ‏ : ‎ 978-0520055926
Item Weight ‏ : ‎ 2.4 ounces
Dimensions ‏ : ‎ 5.5 x 0.75 x 8.25 inches

Best Sellers Rank: #3,107,845 in Books (See Top 100 in Books)
- #916 in Microeconomics (Books)
- #6,974 in Economic History (Books)

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22 ratings

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Leon Lam

The book on the Great Depression

Reviewed in the United States on March 8, 2018

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This is the classic study of the Great Depression. Economist Charles Kindleberger argues the lack of a stabilizer in global economy causes disruptions to both the real and the financial market. This book is a detailed account of global economic history from 1925 to 1937, right before WWII. Very lucid and cogent.

3 people found this helpful

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A Reader

One of the Seminal Works on the Great Depression

Reviewed in the United States on January 20, 2014

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This work serves as a benchmark for the GLOBAL view of the causes of the great depression from 1929-1939 (actually from 1927). From a macro economic standpoint, this work details the interrelationships between the various nations, their financial instruments, the various commodities bought and sold on the world market, and the conflicting needs of each nation. The causes of this depression had its roots in events that occurred decades earlier. This is NOT a work that gives a street level view of the depression in the United States. For that information go to "Freedom From Fear" (Kennedy), "A Caring Society" (Bernstein), "Dancing in the Dark" (Dickstein), "The Forgotten Man" (Shlaes), and "Modern Times" (Johnson). Read this book first, then go to the others. Highly recommended.

6 people found this helpful

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Tanthallas

Important work on the Great Depression.

Reviewed in the United States on December 30, 2008

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The main problem in most analyses of the Great Depression in the United States lays in the fact that most information regarding the global economy as a whole, and the actors there within, is largely omitted along with the political atmosphere and dominant social structures at the time - The effects of devaluations or surplus production on trading partners, for a simple example. Additionally, people tend to forget that this was a world phenomena. So, while economists of different allegiances attempt(ed) to debunk one another and focus on the domestic workings of the Capitalist mode of production confined to certain assumptive modules, Kindleberger takes on this larger problem. To say that this is not important is to say that the world itself is not complex - a folly that I suspect even zealots of the Mises institute would be hesitant to make. The difficulty of this task, and one which I believe Kindleberger tackles with finesse, is this complexity itself.

Ultimately, the main point of this brilliant work is simply that, with the decline of the British Empire, no heir rose to both stabilize and legitimize the international structure. States turned inwards. Indeed, as the no-named reviewer above states, those who devalued the quickest or dumped the gold standard the earliest enjoyed the quickest recoveries. The parallels, which Kindleberger makes in subsequent works (and I believe touches on in this work as well), to political happenings are immense. The withdrawal of the states from the structured world order of the 19th and early 20th century only fostered the miscommunication and mistrust so pervasive in international relations. With the rise of beggar thy neighbor policies, largely a product of the World Depression and the withdrawal from a relatively cooperative, legitimized system, the potential for conflict was definitely magnified.

This is an essential work for anyone interested in the Great Depression.
Kindleberger's approach was perhaps so difficult that it is still unique in itself.

14 people found this helpful

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T. Shields

"The" Depression Book

Reviewed in the United States on March 29, 2009

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This book was regarded by Galbraith as the best of Depression era books. Updated not too many years before his death, Kindleberger gives a detailed account of the depression. His view differs from both Keynesian and Friedman's views. He also spells out real fact that Hoover was not as cluelss as often made to be and that inaction between the election and Roosevelt's inaguration led to the Bank Holiday crisis. Hoover had tried to get Roosevelt to work with him between November and March (before it was changed to Jan. 20) This ended with Roosevelt having to declare a bank holiday and "stress tests" applied the very day after Roosevelt took office. Hoover argued, as does Kindleberger, that the depression was worldwide and not local to the U. S. only (as Friedman claimed) He supports that with data from the globe, some added in this last edition. Kindleberger is the first time I understood that the issue of debt from WWI was a big issue for Europe and the U. S. and the failure to resolve that issue was part of the reason Hitler rose to power.

19 people found this helpful

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Five Stars

Reviewed in the United States on February 22, 2016

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Great condition. Not an easy read.

2 people found this helpful

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A. Thompson

Excellant analysis of history's forces at work

Reviewed in the United States on January 29, 2010

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I can see the same overall trends in today's economy. It is almost like people think the same, only from a different historical age. History repeats itself.

6 people found this helpful

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tomas neeb

Politicus oeconomicus

Reviewed in Germany on May 26, 2015

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Qualitative Verarbeitung, wie wohl ueblich bei Buechern aus jenen Jahren (1974) .
Handliches Format, leicht lesbarer Schriftsatz, genuegend Raum fuer etwaige Randbemerkungen, wissenschaftlicher Apparat mit Quellenverweis und Angabe.
Wenig belastend in der argumentativen Form und faktischen Wiedergabe, was bei den damaligen ideologischen Grabenkaempfen ueberrascht, fuehrt der Praktiker und Wissenschaftler Kindleberger den Leser tiefer und tiefer hinein in die Gemengelage der oekonomisch widerstrebenden Interessen zwischen WKI und WKII.
Der Schlusspunkt gipfelt in einem belgischen Report (1938) an die Parlamente in Frankreich ud England, welcher vorweg nimmt, was nach 1945 als Neuaufgabe bevorstand.
Fuer Interessierte an Institutionen wie beispielsweise Bank fuer internationalen Zahlungsausgleich ein wohl bemerkenswertes und noch immer aktuelles (2015) Werk.

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in time

Reviewed in India on July 14, 2019

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The World in Depression, 1929-1939 (History of the World Economy in the Twentieth Century) Revised Edition

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