The impact of bank failures on the money stock during the inter-war period in the United States
Summary :
Table of Contents
- Abstract.
- Introduction.
- The general arguments.
- Literature review.
- Financial and economic problems.
- The pre-war period of World War I.
- Deflation as the result of price level adjustments and real value collateral.
- The Great Depression.
- Relationship of various components like money supply, quantity and level of economic activity.
- Anne Mayhew, Friedman and Schwartz's view and reasons.
- Consumption side of the Great Depression aspects.
- The factors responsible for leading to the Great Depression.
- The failing of the banks.
- Conclusions.
- References.
Abstract
In the following study the researcher attempt to analyze whether the monetary policy adopted by the Federal Reserve during the interwar period led to the Great Depression. The study would investigate through an extensive literature review by studying the perspectives of renowned economists in this genre. The researcher will base the analysis on the Friedman and Schwartz, and Temin model which are considered to be the most effective theoretical framework in the history of Great Depression studies.
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