Essay on The Great Depression, Annotated Bibliography

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Cecchetti, Stephen G. "Understanding the Great Depression: Lessons for Current Policy ." Monetary Economics (1997): 1-26. This article is about the circumstances that led to the collapse of the economy in 1929. It relates to my research proposal because I am evaluating historic events that led to the financial crisis of 1929. The article discusses how deflation played an important role in expanding the depression, and how the Gold Standard, a monetary system in which a country’s government allows its currency unit to be freely converted into fixed amounts of gold and vice versa, was an extremely bad decision because it caused the dollar to lose its value. This source was informal because it discusses prehistoric events that led to the…show more content…
This newspaper by the New York Times was published a week after the crash, which gives me straight up information on what exactly happened at that time. Kindleberger, Charles P. The World in Depression 1929-1939. University of California Press, 1986. This source is about what caused the financial crash of 1929. The three factors that shaped the Global Financial Markets: panic, the power of contagion, and the importance of hegemony that led to the world in depression from 1929 to 1939. Hegemony is the state of power or influence over others. I like how this source includes hegemony because generally the financial markets always wants to control people and allow them to think that the economy is always in a good shape. It describes the economics of the Great Depression. This source relates to my topic because it describes that the depression was caused by a lack of stable international, economic structure. I like how this source also describes the flawed Gold Standard. Klingaman, William K. 1929 The Year of the Great Crash. Harper & Row, 1989. This source discusses the great crash of 1929. The year 1929 saw the peak of the roaring ‘20s which was known as the “Bull Market” and the stock market collapse that led to the Great Depression. This source also discusses how one third of the U.S. workforce was unemployed which is also a reason for
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