IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789811264283_0001.html
   My bibliography  Save this book chapter

Introduction

In: THE GREAT DEPRESSION Its Origins in Acceleration and Electric Unit Drive

Author

Listed:
  • Bernard C. Beaudreau

Abstract

This book presents a novel view of the Great Depression, one according to which this epoch-defining event was the result of a massive technology shock that, despite a number of well-intentioned policy responses, went horribly wrong. More specifically, it is about how a new power-drive technology increased potential output of existing plant and equipment, about how this new potential failed to be realized, and about how as a result, the U.S. economy sank into the worse economic downturn ever. In short, it tells the story of how the Great Depression resulted from the inability of the U.S. economy to make a successful transition to a new, higher growth path, resulting in the worse economic catastrophe in the industrial era…

Suggested Citation

  • Bernard C. Beaudreau, 2023. "Introduction," World Scientific Book Chapters, in: THE GREAT DEPRESSION Its Origins in Acceleration and Electric Unit Drive, chapter 1, pages 1-12, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811264283_0001
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789811264283_0001
    Download Restriction: Ebook Access is available upon purchase.
    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789811264283_0001
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Great Depression; Electric Unit Drive; Acceleration; Failed Transition; Stock Market Boom and Crash; Smoot-Hawley Tariff Act; National Industrial Recovery Act;
    All these keywords.

    JEL classification:

    • N - Economic History
    • N12 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: 1913-
    • N22 - Economic History - - Financial Markets and Institutions - - - U.S.; Canada: 1913-
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9789811264283_0001. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.