Scholarly debate over the role played by the Federal Reserve System (FRS) in the Great Depression has been extensive. Concern has focused, to a large extent, on the casual role played by monetary ...variables in the economic contraction. Within a second, distinct tradition, attention has been devoted to the thought underlying FRS actions during the downturn. Of paramount importance to the latter discussion is the question of why FRS officials chose not to adopt a more active, interventionist policy stance during the early years of the contraction. The attitudes of FRS officials closely paralleled those of their interwar contemporaries. This result is hardly surprising since FRS officials were not dropped by helicopter into their respective positions, but drawn instead from that same US society. These attitudes, in turn, exercised a powerful influence over Federal Reserve policy in the early years of the Great Depression, helping to reinforce the anti-interventionist position adopted by the FRS during this period.
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Provider: - Institution: - Data provided by Europeana Collections- Rubrica:- Prezentarea volumului „America văzută de un tînăr de azi”, de Petru Comarnescu, apărută la Editura „Adevărul” București, ...1934, care conține amintirile și impresiile de călătorie ale autorului din perioada studiilor doctorale în Statele Unite ale Americii (1929-1931).- All metadata published by Europeana are available free of restriction under the Creative Commons CC0 1.0 Universal Public Domain Dedication. However, Europeana requests that you actively acknowledge and give attribution to all metadata sources including Europeana
Provider: - Institution: - Data provided by Europeana Collections- München, Bayerische Staatsbibliothek -- Diss. 96.6323- All metadata published by Europeana are available free of restriction under ...the Creative Commons CC0 1.0 Universal Public Domain Dedication. However, Europeana requests that you actively acknowledge and give attribution to all metadata sources including Europeana
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