Name: ✔read❤ The Forgotten Depression: 1921: The Crash That Cured Itself by Delbertcrane
Duration: 6 s

Book  The Forgotten Depression: 1921: The Crash That Cured Itself

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James Grant&#8217s story of America&#8217s last governmentally untreated depression: A bible for conservative economists, this &#8220carefully researched history&#8230makes difficult economic concepts easy to understand, and it deftly mixes major events with interesting vignettes&#8221 (The Wall Street Journal).In 1920&#82111921, Woodrow Wilson and Warren G. Harding met a deep economic slump by seeming to ignore it, implementing policies that most 21st century economists would call backward. Confronted with plunging prices, wages, and employment, the government balanced the budget and, through the Federal Reserve, raised interest rates. No &#8220stimulus&#8221 was administered, and a powerful, job-filled recovery was under way by late 1921. Yet by 1929, the economy spiraled downward as the Hoover administration adopted the policies that Wilson and Harding had declined to put in place. In The Forgotten Depression, James Grant &#8220makes a strong case against federal intervention