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Description - The Great Depression by Michael A. Bernstein

By examining the uneven fate of manufacturing industries during the 1930s, Michael Bernstein presents a powerful new interpretation of the Great Depression. The depth and persistence of the slump, he argues, cannot be explained by cyclical theories alone, but by the conjunction of a crisis in financial markets with a long-run transformation in the kinds of goods and services required by firms and households. By focusing on evidence from specific industries, Professor Bernstein provides a more detailed picture of what happened to the American economy in the thirties that was so different from previous downturns.

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Book Details

ISBN: 9780521379854
ISBN-10: 0521379857
Format: Paperback
(228mm x 152mm x 15mm)
Pages: 288
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 27-Jan-1989
Country of Publication: United Kingdom

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