Video coming soon. The lesson video will appear here once it is published on YouTube.
In this lesson you learn to
- Place the Great Depression in time and name the events that started it
- Describe its scale with sourced numbers on output and unemployment
- Name policy responses and the lessons drawn from them
Quiz
Choose an answer to see whether it is right and why. Example numbers are worked examples, not predictions.
Sources (5)
- Federal Reserve History: Gary Richardson, "The Great Depression" (Stand 22.11.2013)
- U.S. Bureau of Labor Statistics, Monthly Labor Review 1948, Technical Note (Stanley Lebergott): "Labor Force, Employment, and Unemployment, 1929-39: Estimating Methods", S. 50-53
- FDIC: A Brief History of Deposit Insurance in the United States, Kapitel 3 (William Isaac)
- Irving Fisher: The Debt-Deflation Theory of Great Depressions, Econometrica 1(4), Oktober 1933, S. 337-357
- Eigene Berechnung (Quoten aus q02; synthetisches Lohn-Preis-Beispiel)
Education only. Not financial advice.