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A Rabble of Dead Money Audiobook

A Rabble of Dead Money: The Great Crash and the Global Depression: 1929-1939

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Publisher's Summary

There is no single theory of what caused the Great Depression and never will be, Morris argues. Macreconomics is a social science, and such a massive event always takes its shape from a terrible confluence of factors. The mismanagement of the gold standard, the growth in consumer credit, the insistence on deflation by some of the best minds in finance, the spread of "Fordism" through the manufacturing sector, the global agricultural catastrophe, and the inability of the major European belligerents of World War I to agree on a reconstruction agenda are just a few of the shocks that in aggregate pushed the world into an economic Armageddon. Morris does not fail to provide lessons that modern listeners can learn from the Great Crash. It's tempting to pontificate about events of 80 years ago, but as Morris reminds us, our modern macroeconomics is still coming to terms with its failure to forecast how directly the much-trumpeted Great Moderation would lead to the Great Financial Crash of 2008.

©2017 Charles R. Morris (P)2017 HighBridge, a Division of Recorded Books

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  • Greg
    chesterton, in, United States
    18/10/17
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    "The social scene in the 1920s"

    I thought this was a book about economics, but it is really a social history of the American early 20th century. If you are looking for economic analysis look elsewhere. I found it somewhat interesting but not what I was looking for.

    0 of 0 people found this review helpful

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