by Douglas Irwin, Dartmouth College This article was first posted at Voxeu.org 11 September 2011. The swift policy response to the recent financial crisis helped the world economy avoid a replay of the Great Depression of 1929-32. But can we avoid a replay of 1937-38? With the world economy weakening once again, this column addresses …
Tag Archives: Douglas Irwin
Did France Cause the Great Depression?
Both the U.S. and France started the deflationary ball rolling but by 1932 it was only France affecting money supply by hoarding gold.