From New Deal Banking Reform to World War II Inflation :From New Deal Banking Reform to World War II Inflation ( Princeton Legacy Library )

Publication subTitle :From New Deal Banking Reform to World War II Inflation

Publication series :Princeton Legacy Library

Author: Friedman Milton;Schwartz Anna Jacobson;;  

Publisher: Princeton University Press‎

Publication year: 2014

E-ISBN: 9781400854257

P-ISBN(Paperback): 9780691003634

Subject: F0 Economics

Keyword: 经济学

Language: ENG

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Description

This selection from the authors' A Monetary History of the United States, 1867-1960 (Princeton) describes the changes that were made in the banking structure and in the monetary standard following the great contraction of 1929 to 1933, the establishment of monetary policies after the New Deal period, and the development of inflation during World War II.

Originally published in 1980.

The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Chapter

Emergency Measures

Opening of Banks

Fate of Unlicensed Banks

Effects on Money Stock Measures

Reform Measures Affecting the Banking Structure

Federal Insurance of Bank Deposits

Other Changes

Changes in the Structure and Powers of the Federal Reserve System

Policies of Banks

2. Changes in the Monetary Standard

Gold Policy

The Silver-Purchase Program

Composition of the Currency

2. Cyclical Changes, 1933-41

1. Changes in Money, Income, Prices, and Velocity

2. Factors Accounting for Changes in the Money Stock

3. Changes in High-Powered Money

4. Federal Reserve Policy

5. Changes in the Deposit-Reserve Ratio

6. Role of Monetary Factors in the 1937 Contraction and Subsequent Recovery

3. World War II Inflation, September 1939-August 1948

1. U.S. Neutrality, September 1939-November 1941

2. Period of Wartime Deficits, December 1941-January 1946

Price Movements

Behavior of Velocity

Proximate Determinants of the Rise in the Money Stock

Basic Determinants of the Rise in the Money Stock

Effect of War Loan Drives

3. From the End of the War to the Price Peak, August 1945-August 1948

4. The Balance of Payments

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