This paper examines three areas in which analogies have been made between the interwar depression and the financial crisis of 2007 which reached a dramatic climax in September 2008 with the collapse of Lehman Brothers and the rescue of AIG: they can be labeled macro-economic, micro-economic, and...

In contemporary American political discourse, issues related to the scope, authority, and the cost of the federal government are perennially at the center of discussion. Any historical analysis of this topic points directly to the Great Depression, the "moment" to which most historians and...

Frontmatter -- Preface -- Contents -- Tables and Figures -- 1. Introduction: The End of Globalization and the Problem of the Depression -- 2. Monetary Policy and Banking Instability -- 3. Tariffs, Trade Policy, and the Collapse of International Trade -- 4. The Reaction against International...