The Great Depression

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Unable to foresee, prevent, appraise correctly or reverse plunging property values, soaring unemployment and stagnant business conditions of the Great Depression, economists have b een trying to sort it all out ever since. A definitive study is attempted here, tracing 20th century social, industrial, financial and political forces. Garraty, Columbia University historian, distills contemporary writings of the 1930s, and in a facile and informative, if less than stirring, narrative he analyzes the interrelated passage of various nations through deflation, inflation, farm price collapse, unemployment, factory closings, relief programs and public works. Show more