A Great Leap Ahead: 1930s Despair and U.S. Financial Growth (Yale Sequence in Financial and Fiscal Background)


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This daring re-assessment of the heritage of U.S. financial expansion is crafted around a novel claim, that productive capacity grew substantially throughout the Depression decades (1929-1941) and that this progress delivered the foundation for the financial and military accomplishment of the United States all through the Second Earth War as very well as for the golden age (1948-1973) that followed.
Alexander J. Discipline can take a contemporary look at progress data and concludes that, behind a backdrop of double-digit unemployment, the 1930s actually experienced pretty significant fees of technological and organizational innovation, fueled by the maturing of a privately funded investigation and progress procedure and the govt-funded construct-out of the country’s surface area highway infrastructure. This signficant new volume in the Yale Collection in Financial and Economic Heritage invitations new discussion of the will cause and consequences of productivity expansion above the previous century and a half and of our present prospective customers.