Name and Link Type of Resource Description
Keynes, J.M. (1920) The Economic Consequences of the Peace
The text is available online, here
and here
Seminal Text - online See Below
Keynes, J.M.
The Economic Conesquences of the Peace (Paperback) Dodo Press (4 May 2007)
Link to bookseller
Seminal Text - paperback For Keynes, the Peace Treaty of Paris after World War I was a matter of life and death, of starvation and existence, and the fearful convulsions of a dying civilization. But the negotiating politicians had absolutely no vision. The victors had no magnanimity. `The future life of Europe was not their concern; its means of livelihood was not their anxiety. Their preoccupations related to frontiers and nationalities, to imperial aggrandizements, to the future enfeeblement of a strong and dangerous enemy, to revenge and to the shifting of their unbearable financial burden on to the shoulders of the defeated. But for Keynes, the policy of reducing Germany to servitude for a generation was abhorrent and detestable: `Nations are not authorized, by religion or natural morals, to visit on the children of their enemies the misdoings of parents or of rulers.' Keynes had the decency to leave the negotiations from the moment he saw the looming disastrous results. Keynes brilliantly calculated that Germany could not pay the imposed debt. He foresaw the coming German hyperinflation. He clearly recognized the danger of `a victory of reaction' (the right) in Germany, because it would endanger the security of Europe and the basis of peace. Eventually that's what happened with all its disastrous consequences for Europe.
John Kenneth Galbraith
The Great Crash, 1929
Link to bookseller
Read extracts here
Seminal Text - paperback “Rampant speculation. Record trading volumes. Assets bought not because of their value but because the buyer believes he can sell them for more in a day or two, or an hour or two. Welcome to the late 1920s in the US. There are obvious and absolute parallels to the great bull market of the late 1990s, writes Galbraith in a new introduction dated 1997. Of course, Galbraith notes, every financial bubble since 1929 has been compared to the Great Crash, which is why this book has never been out of print since it became a bestseller in 1955.”
Eric Rauchway, The Great Depression and New Deal: A Very Short Introduction.
OUP 2008
Link to bookseller
Short book “The New Deal shaped our (the US) nation's politics for decades, and was seen by many as tantamount to the "American Way" itself. Now, in this superb compact history, Eric Rauchway offers an informed account of the New Deal and the Great Depression, illuminating its successes and failures. Rauchway first describes how the roots of the Great Depression lay in America's post-war economic policies--described as "laissez-faire with a vengeance"--which in effect isolated our nation from the world economy just when the world needed the United States most. He shows how the magnitude of the resulting economic upheaval, and the ineffectiveness of the old ways of dealing with financial hardships, set the stage for Roosevelt's vigorous (and sometimes unconstitutional) Depression-fighting policies. Indeed, Rauchway stresses that the New Deal only makes sense as a response to this global economic disaster. The book examines a key sampling of New Deal programs, ranging from the National Recovery Agency and the Securities and Exchange Commission, to the Public Works Administration and Social Security, revealing why some worked and others did not. In the end, Rauchway concludes, it was the coming of World War II that finally generated the political will to spend the massive amounts of public money needed to put Americans back to work. And only the Cold War saw the full implementation of New Deal policies abroad--including the United Nations, the World Bank, and the International Monetary Fund. Today we can look back at the New Deal and, for the first time, see its full complexity. Rauchway captures this whole in a remarkably short space, making this book an ideal introduction to one of the great policy revolutions in history. ”
Looking Back at the Crash of ‘29
New York Times, 1999
Available here
Webpage with links to various resourses
An Overview of the Great Depression
Economic History Services web site. Available here
Keynes, J.M.
An Open Letter to President Roosevelt 1933
Available here
Keynes's corespondence "In response to the New York Times' request for his views on the American outlook, Keynes has written "An Open Letter to President Roosevelt," ... to appear in the Sunday issue of December 31st and is to be syndicated in other parts of the United States"
An Interview with John Kenneth Galbraith
Depression-Era Economics: Looking for a Remedy.
On the Commanding Heights website
Available here
Text of interview. -
Climbing Out of the Great Depression
by J. Bradford DeLong, University of California at Berkeley and NBER February 1997
Available here
Webpage "The New Deal; Roosevelt Tries Again; Winners and Losers from the Depression; Could "It" Have Happened Here?; The Social Welfare State and the Great Levelling; Left, Right, or Center"