Analysis of information sources in references of the Wikipedia article "List of recessions in the United States" in English language version.
The current consensus is that the volatility of GNP and unemployment were greater before the Great Depression than they have been since the end of World War II.
The current consensus is that the volatility of GNP and unemployment were greater before the Great Depression than they have been since the end of World War II.
The current consensus is that the volatility of GNP and unemployment were greater before the Great Depression than they have been since the end of World War II.
Bray Hammond wrote that Jackson's second term 'fiscal policy...was a product of the current over-trading, inflation, and speculation, but also a contributor thereto. For these evils, which Andrew Jackson aimlessly deplored, could not have been more effectively promoted by Jacksonian policies had that been their purpose. Thus retirement of the public debt, in which the General took great pride, as if it were a personal achievement – as indeed it was in a sense because the burden of it fell inequitably on the southern planters, of whom he was one closed an important field of conservative investment and returned funds to investors who then had to find other uses for them. In consequence the demand for other investments was intensified and their prices driven up.'
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ignored (help)The current consensus is that the volatility of GNP and unemployment were greater before the Great Depression than they have been since the end of World War II.