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    Recovery Spring, Faltering Fall: March to November 1933

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    Name:
    Recovery_Spring _Revisions_EEH ...
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    Description:
    Final Accepted Manuscript
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    Author
    Taylor, Jason E.
    Neumann, Todd C.
    Affiliation
    Univ Arizona
    Issue Date
    2016-07
    Keywords
    Recovery
    Depression
    Inflation
    Devaluation
    Expectations
    
    Metadata
    Show full item record
    Publisher
    ACADEMIC PRESS INC ELSEVIER SCIENCE
    Citation
    Recovery Spring, Faltering Fall: March to November 1933 2016, 61:54 Explorations in Economic History
    Journal
    Explorations in Economic History
    Rights
    © 2016 Elsevier Inc. All rights reserved.
    Collection Information
    This 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 repository@u.library.arizona.edu.
    Abstract
    Recovery 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.
    Note
    Available online 9 April 2016. 24 Month Embargo.
    ISSN
    00144983
    DOI
    10.1016/j.eeh.2016.03.003
    Version
    Final accepted manuscript
    Additional Links
    http://linkinghub.elsevier.com/retrieve/pii/S0014498316300122
    ae974a485f413a2113503eed53cd6c53
    10.1016/j.eeh.2016.03.003
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    UA Faculty Publications

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