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 crash of and I love how the article discusses that the Federal Reserve played a key role in the failure of the stock market. The Federal Reserve supports any war the United States is involved.
Dominguez, Kathryn M., Ray C. Fair and Mathew D. Shapiro. "Forecasting The Depression: Harvard versus Yale." The American Economic Review (1988): 18.
This article is about economists from Harvard University and Yale University discussing whether the Great Depression was forecastable. This source relates to my topic because Harvard and Yale Economic Forecasting Services were the two economic and forecasting services available to business members and members of the public in the 1920’s. I like how this source involves the top Ivy League Schools to analyze what caused the financial crisis of 1929, why the financial crisis was caused, and how the financial crisis was led.
"FINANCIAL MARKETS: After the Stock Exchange Coltapse--Resemblances With Other Crises, and Differences." New York Times (1929).
This source is about prehistoric events that caused the crash of 1929. This source discusses the wars that occurred prior to the financial crisis of 1929. It elaborates the statistics of each downfall the economy goes through when a war occurs between the United States and another country. I like this source because it elaborates ideally on the causes of the financial crash and how the author uses his language to point out to you exactly what he/she is trying to say. 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...