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economistsview.typepad.com - 10/25/2009
"The Roots of Protectionism in the Great Depression"
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Lessons from the Great Depression: The Roots of Protectionism in the Great Depression, by Laurent Belsie, NBER Reporter : The Great Depression was a breeding ground for protectionism. Output fell, prices declined, and unemployment rose, pressuring governments to do something to revive ...
forbes.com - 10/30/2009
The Great Depression And The Great Recession
— forbes.com — Eighty years ago this week, the stock market crashed. Although it was more a symptom of the... economy's underlying problems than a cause of the Great Depression, it is still considered the day the worst economic crisis in American history began. I've ... (more) The Great Depression And The Great Recession

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ft.com - 10/29/2009
How to avoid a repeat of the Great Crash
— ft.com — The 80th anniversary of the Great Crash is upon us. This touches a nerve because we seemed... to be looking into the same bottomless pit only a year ago. The chain of events, leading from a dramatic collapse in stock prices on Wall Street, beginning in ... (more) How to avoid a repeat of the Great Crash

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nber.org - 10/25/2009
The Roots of Protectionism in the Great Depression
— nber.org — The Roots of Protectionism in the Great Depression had more countries been willing to abandon the gold... standard and use monetary policy to counter the slump, fewer would have been driven to impose trade restrictions. The Great Depression was a ... (more) The Roots of Protectionism in the Great Depression

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Blog Reactions

naked capitalism:  Links 10/25/09

Stefan Karlsson's blog:  Drawing The Wrong Conclusions About Protectionism

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Blog Reactions

Links 10/25/09
naked capitalism — Midway (hat tip reader Scott via Andrew Sullivan). The photos are very disturbing. You must see them. Gene therapy transforms eyesight of 12 born with rare defect Los Angeles Times (hat tip DoctoRx) Citigroup’s “Hail Mary Pass”: How To Know Citigroup Is In Serious Trouble Michael Shedlock UK households ‘lost 13pc of wealth in one year’ Telegraph Public must learn to ‘tolerate the inequality’ of bonuses, says Goldman Sachs vice-chairman Guardian. In case you missed this truly offensive item. We not only are told “let them eat cake”, but that it’s really in our best interest ...

Drawing The Wrong Conclusions About Protectionism
Stefan Karlsson's blog — Mark Thoma and Yves Smith points to a study that links the gold standard to protectionist measures during the 1930s on the basis that countries that remained on the gold standard were more likely to restrict trade than those that didn't. I haven't tried to verify that statement, but I think it is probably true. However, the conclusion that the gold standard caused the restrictions is mistaken. Because just what kind of trade was restricted. I don't think it was exports, but imports. And the reason why it is likely that countries that stuck to the gold ...

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