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The Great Depression and Mr. Keynes Keynes, John Maynard

In: The Evolution of Macroeconomic Theory and Policy

Author

Listed:
  • Kamran Dadkhah

    (Northeastern University)

Abstract

The 24th of October, 1929, known as Black Thursday, started just like any other day. It rained in New York City, and the temperature fluctuated between a low of 44 and a high of 59 degrees Fahrenheit. The previous day, according to the New York Times, “firm tone” prevailed on the London Exchange, “French stocks [were] uneven,” and on the German Boerse “losses due to profit-taking [were] mostly recovered.” Perhaps the only indication that something was amiss was the Times report that in the previous day unlisted stocks had sharply declined.

Suggested Citation

  • Kamran Dadkhah, 2009. "The Great Depression and Mr. Keynes Keynes, John Maynard," Springer Books, in: The Evolution of Macroeconomic Theory and Policy, chapter 0, pages 1-27, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-77008-4_1
    DOI: 10.1007/978-3-540-77008-4_1
    as

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