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PublisherACADEMIC PRESS INC ELSEVIER SCIENCE
CitationRecovery Spring, Faltering Fall: March to November 1933 2016, 61:54 Explorations in Economic History
JournalExplorations in Economic History
Rights© 2016 Elsevier Inc. All rights reserved.
Collection InformationThis item from the UA Faculty Publications collection is made available by the University of Arizona with support from the University of Arizona Libraries. If you have questions, please contact us at email@example.com.
AbstractRecovery from the Great Depression began in March 1933, simultaneous to Franklin Roosevelt's inauguration. However, the pace of that recovery between that date and the Second World War was extremely uneven with some dramatic starts and stops. Between March and July 1933, manufacturing production rose 78%, production of durable goods was up 199%, total industrial production rose 57%, and the Dow Jones Industrial Average rose 71%.Then the economy contracted sharply again beginning in August 1933-the July 1933 level of industrial production was not reached again until August 1935. This paper addresses two questions. What factors were responsible for bringing about the sharp recovery in the spring of 1933 and what factors brought this short-lived economic surge to an end? (C) 2016 Elsevier Inc. All rights reserved.
NoteAvailable online 9 April 2016. 24 Month Embargo.
VersionFinal accepted manuscript