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A Short History of Significant American Recessions, Depressions, and Panics: Why Conservative Economic Theory Does Not Work Kindle Edition
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- File Size : 10800 KB
- Publication Date : January 11, 2019
- X-Ray : Not Enabled
- Text-to-Speech : Enabled
- Enhanced Typesetting : Enabled
- Screen Reader : Supported
- Print Length : 224 pages
- Publisher : AuthorHouse (January 11, 2019)
- Word Wise : Enabled
- Page Numbers Source ISBN : 1524627100
- ASIN : B07MT57Y5S
- Language: : English
- Lending : Not Enabled
- Best Sellers Rank: #1,793,674 in Kindle Store (See Top 100 in Kindle Store)
- Customer Reviews:
Top reviews from the United States
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A Short History of Significant American Recessions, Depressions and Panics: Why Conservative Economic Theory Does Not Work by Scott Belford analyzes the two economic models followed in America. The Austrian (Classical School) and the Keynesian Models are defined in great detail. What impact does the Austrian model have on our Country? What impact does Keynesian model have on our Country? Does one model create more favorable results over the other? What other historical events impacted our economy? Understanding these two theories will also give voters additional insight needed to make a better-informed decision. Our elected leaders executed decision and enacted bills that produce lasting impacts on the economy. The economic impact of these decisions was not obvious until after our leaders left office.
Twenty - five significant events are identified, analyzed and compared to show the correlation between the economic theory and the banking system that our federal government decides to use and how it may determine the stability or instability of our country. The state of our economy prior to each recession or depression are discussed in considerable detail. Six unique characteristics are identified, and the historical data will sufficiently reveal how they are directly related to each economic recession or depression.
I rated this book 4 out of 5 Stars. I gave it 4 stars because the book is very well written and organized nicely. The historical content is amazing. The author has taken a very complex subject and written about it in a very easy to read and comprehensive format. The information is not overwhelming at all which makes it a positive reading experience.
What I genuinely appreciated the most and found enjoyable to read was the meaningful way the factual information is presented. The book is thought provoking and certainly a conversation starter.The data provided is organized by presidents and their term in office which made it much easier to understand. The comprehensive summary provided after each chapter was excellent.
In my humble opinion the charts and tables thoughtfully provided could have been presented better. I found it somewhat distracting. For me if the charts were laid out in a more suitable format, it would give the book a more polished look. I kept looking at the chart that is on the front cover and just could not get a clear view of that chart. I enjoy reviewing data so I was disappointed by this. Unfortunately, I did detect a few typing errors however it did not change the reading experience.
I would strongly recommend this book to readers looking for a brief history and comparison notes that are specific to American recessions, economic depressions and panics. Readers that express a particular interest in reading about the decisions made by our Presidents and how it impacted our economic system would fully appreciate this excellent book. This is a book that I will definitely refer to at a later time. I would enjoy examining this complex and controversial topic again.
This book is a very informative and concise ecomonic history of America. It took me a while to really get into this book. I was trying to sort out all this new information and really keep things in perspective. Like most nonfiction, this book is a large info dump and some of it went over my head and required me to read through parts a second time. The book is short. Just over 200 pages and at that length, it keeps it from feeling drawn out and getting boring.
Definitely and interesting read and something to think about.
This is actually informative and suitable especially for the beginners.
What I understand through this book is that nothing hasn't changed in light of the economic activities of human beings.
The author stresses 6 factors(greed, easy credit,uncontrolled speculation, etc.) as a cause of the recession and depression.
He revealed the details for each depression or recession by using these factors.
Main reasons changed depending on the situation, but severe situation was repeated.
As you may know, current society has introduced various regulations after the recession.
We still face the risk of being caught by such causes, and as a result,we enter the panic or recession era now.
To prevent such situations in the future, we should know what happened in the past, and this book is really helpful for that.
It may not be the best read for someone with absolutely no idea about US history or even basic economics, however, you don't need to be an expert either. The author takes care of the heavy lifting and breaks down the distinctions between the economic schools of thought that are continuously contrasted throughout the book. It's a fresh perspective and an interesting read at the very least. Definitely worth reading!