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Mordacious years’: socio-economic aspects and outcomes of New Zealand’s experience in the Great Depression

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  • Matthew Wright

    (Reserve Bank of New Zealand)

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    Abstract

    Some commentators in New Zealand and elsewhere have proposed similarities between the Great Depression of the early 1930s and the recession that began in 2007-08. To illuminate that discussion, this article provides brief international context before narrating selected economic data and socio-economic aspects of New Zealand’s 1930s experience during the Great Depression, arguing that the popular perception of New Zealand’s economic experience was moulded more by perceived social impact than the empirical economic data.

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    File URL: http://www.rbnz.govt.nz/research_and_publications/reserve_bank_bulletin/2009/2009sep72_3wright_hi-res.pdf
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    Bibliographic Info

    Article provided by Reserve Bank of New Zealand in its journal Reserve Bank of New Zealand Bulletin.

    Volume (Year): 72 (2009)
    Issue (Month): (September)
    Pages: 43-61

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    Handle: RePEc:nzb:nzbbul:sept2009:4

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    1. Ben Bernanke & Harold James, 1990. "The Gold Standard, Deflation, and Financial Crisis in the Great Depression: An International Comparison," NBER Working Papers 3488, National Bureau of Economic Research, Inc.
    2. Alan Bollard & Tim Ng, 2009. "Coping with global financial and economic stresses," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 72, pages 34-45, March.
    3. Madsen, Jakob B., 2001. "Agricultural Crises And The International Transmission Of The Great Depression," The Journal of Economic History, Cambridge University Press, vol. 61(02), pages 327-365, June.
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