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Why So Slow? The Role of Ongoing Conversion/Acceleration in Delaying the Recovery

In: THE GREAT DEPRESSION Its Origins in Acceleration and Electric Unit Drive

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  • Bernard C. Beaudreau

Abstract

The following sections are included:IntroductionThe Ongoing Conversion to Electric Unit Drive during the DownturnThe New Deal and the Growth of the U.S. Power SupplyHow New Deal Policies Exacerbated the Problem of Excess CapacityOngoing Conversion and Employment: Simulation AnalysisMacroeconomic EvidenceEvidence from Industry and Country DataEvidence: Cross-Country DataAcceleration: The Source of Alexander Field’s Most Productive Decade Ever?The New Deal: Failure on All FrontsSummary and Conclusions

Suggested Citation

  • Bernard C. Beaudreau, 2023. "Why So Slow? The Role of Ongoing Conversion/Acceleration in Delaying the Recovery," World Scientific Book Chapters, in: THE GREAT DEPRESSION Its Origins in Acceleration and Electric Unit Drive, chapter 9, pages 223-246, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789811264283_0009
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    Keywords

    Great Depression; Electric Unit Drive; Acceleration; Failed Transition; Stock Market Boom and Crash; Smoot-Hawley Tariff Act; National Industrial Recovery Act;
    All these keywords.

    JEL classification:

    • N - Economic History
    • N12 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: 1913-
    • N22 - Economic History - - Financial Markets and Institutions - - - U.S.; Canada: 1913-
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy

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