The Great Depression: An International Disaster of Perverse Economic Policies

1999 ◽  
Vol 65 (3) ◽  
pp. 653
Author(s):  
George Selgin ◽  
Thomas E. Hall ◽  
J. David Ferguson
Keyword(s):  
Great Depression ◽  
Economic Policies ◽  
The Great Depression

Anatolian Peasants in the Great Depression 1929–1933

2000 ◽  
Vol 23 ◽  
pp. 79-102 ◽  
Author(s):  
Elif Akçetin
Keyword(s):  
International Trade ◽  
Stock Market ◽  
Great Depression ◽  
Economic Policies ◽  
Stock Market Crash ◽  
Sudden Drop ◽  
The Past ◽  
The Great Depression ◽  
Area Of Study

The effects of the Great Depression of 1929 on peasants in Turkey is an area of study that has remained neglected, despite the fact that peasants then constituted 75 percent of the population. The reason why the condition of peasants has not attracted much attention is the dramatic change between the economic policies of the 1920s and those of the 1930s. The immediate consequence of the stock-market crash and the sudden drop in prices was the shrinkage of international trade. Governments dealt with the depression by implementing quotas on imports, and liberal economic policies were no longer considered successful. Protectionism became the most popular policy for the management of economies in difficulty. The change in economic policies during this period constituted a break with the past and therefore has been the principal focus of studies on the Great Depression.

scholarly journals Kako se nositi s ekonomskom depresijom: iskustvene i teorijske lekcije Velike depresije

2016 ◽  
Vol 10 (4) ◽  
pp. 1005
Author(s):  
Ognjen Radonjić
Keyword(s):  
Great Depression ◽  
Euro Area ◽  
Debt Crisis ◽  
Free Market ◽  
Conventional Wisdom ◽  
Economic Policies ◽  
The Great Depression

The purpose of this paper is to explain not only why the Euro Area debt crisis does not subside, but also, why it deepens. We believe that the experience of the Great Depression can help economic theorists and officials to look at the problem from a different perspective since it is apparent that the economic orthodoxy and economic policies supported by its conventional wisdom do not provide desired results. Roosevelt’s fiscal activism and Keynes’ revolutionary theory deliver an answer to the question of why is, in crisis periods, vigorous reaction of economic authorities needed and why the free market is not able by itself to find way out of the fog, which, as time passes, becomes more and more dense.

Hard Times: Turkey during the Great Depression

2000 ◽  
Vol 23 ◽  
pp. 147-156
Author(s):  
Michele Penner Angrist
Keyword(s):  
Great Depression ◽  
Capital Accumulation ◽  
Economic Policies ◽  
People's Party ◽  
The Great Depression ◽  
Turkish Economy ◽  
Hard Times ◽  
Turkish State ◽  
Volume Challenge

The essays contained in this volume challenge and complement standard treatments of Turkish history during the 1930s. Typically, the 1930s are cast as a decade that opened with the Turkish economy reeling from the effects of the Great Depression. Decisionmakers in the ruling Republican People's Party (RPP) were not without a response, however. They introduced statist economic policies whereby the Turkish state began to play an augmented role in production and capital accumulation. The conventional story thus chronicles the ruling elite's most visible policy reaction to the material hardships of the 1930s.

Book Reviews

1999 ◽  
Vol 37 (1) ◽  
pp. 212-213
Author(s):  
Joseph G Haubrich
Keyword(s):  
Great Depression ◽  
Economic Policies ◽  
University Of Michigan ◽  
The Great Depression ◽  
Ann Arbor

The Great Depression: An International Disaster of Perverse Economic Policies. By Thomas E. Hall and J. David Ferguson. Ann Arbor: University of Michigan Press, 1998. Pp. xvii, 194. $42.50, cloth; $19.95, pbk. ISBN 0–472–09667–2, cloth; 0–472–06667–6, pbk.

From Empire to Nation-State

2018 ◽  
pp. 156-183
Author(s):  
Şevket Pamuk
Keyword(s):  
Great Depression ◽  
Negative Impact ◽  
Economic Consequences ◽  
Nation State ◽  
Economic Policies ◽  
The Great Depression ◽  
Significant Negative Impact ◽  
Per Capita ◽  
New Nation ◽  
Rates Of Growth

This chapter begins with global and national political developments and explores how they led to changes in economic policies and institutions, as well as the consequences of these changes. Both world wars, as well as the Great Depression, had a significant negative impact on the economy. In addition, the transition from the empire to a new nation-state within new borders had long-lasting economic consequences. As a result, both total and per capita GDP fluctuated sharply during these decades. The chapter demonstrates how the decade of the Great Depression from 1929 to 1939 was characterized by protectionism, industrialization led by the state, and moderately high rates of growth.

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