econ historiography crash and depression Flashcards
1
Q
friedman and schwartz
A
monetarist
the depression was caused by a failure to control the supply of money
federal reserve was to blame with its monetary policy
2
Q
peter temin
A
keynsian
the gov’t did not intervene and spend enough money
3
Q
bernstein
A
the timing of the collapse meant there were no industries to provide new jobs
4
Q
kindelberger
A
the USA failed to provide a world economic lead. it could have devalued
5
Q
kennedy
A
american banks were unregulated and were to blame
