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The Great Depression: Delayed Recovery And Economic Change In America

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Historians believe because of the stock market crash led to The great depression while other argue saying the great depression could have been avoided. This book called The Great Depression: Delayed Recovery and Economic Change in America, 1929-1939 By: Michael A. Bernstein, Michael Alan Bernstein is about the great depression, the authors describe the great depression as an episode of economic development. Bernstein main concern is what cause the crash, but mostly why it lasted so long. He analysis the period between world wars one, and came to the convulsion economy’s largest sector in that era, manufacturing.
The main purpose of the book is to examining the uneven fate of manufacturing industries during the 1930s. he present a strong interpretation of the great depression by the conjunction of a crisis in finical market with a finally change. he presented a case that convince the important of long run tendencies within the economy that are important factor to …show more content…

He explanation were more microeconomic approach rather than history itself but beside that his tactic provides clear detail about the development that happened during the 1930s that are not add to the American economy in 1930s. I would recommend this book to anyone who want to focus on the great depression and see more in economic way rather than history alone. This book is great for economics who are wonder about Keynesian or are debating whether his theory was right or wrong.
Nevertheless, Great Depression is a scary lesson in history because it shows America at it lowest. The Great Depression: Delayed Recovery and Economic Change in America, 1929-1939 by Michael Alan Bernstein , challenge that and explain to why it took America so long to recover when industries were already working after stock market crash few years later. Great book would recommend to

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