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Από Την Οικονομική Άνθηση Στην Κρίση Του 1930
[From Economic Prosperity to the Depression of 1930s]

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  • Tsoulfidis, Lefteris

Abstract

This chapter starts with a discussion of the economic situation in the USA and UK in the 1920s and 1930s and argues that the fundamentals of these two economies in the 1920s were already in a bad shape. In fact, we show that in the US economy the fall in the rate of profit and the stagnation of the mass of real profits preceded the collapse of the stock market in the 1929 and the depression of 1930s. The discussion continues with the economic and political situation in the case of the Greek economy and the way in which she was affected by the depression. From the study of the Greek economy in the 1930s, we derive some useful conclusions that may shed new light to the current depression and debt problems of the Greek economy.

Suggested Citation

  • Tsoulfidis, Lefteris, 2010. "Από Την Οικονομική Άνθηση Στην Κρίση Του 1930 [From Economic Prosperity to the Depression of 1930s]," MPRA Paper 31746, University Library of Munich, Germany, revised 16 May 2011.
    • Handle: RePEc:pra:mprapa:31746
    as

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    File URL: https://mpra.ub.uni-muenchen.de/31746/1/MPRA_paper_31746.pdf
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    References listed on IDEAS

    as
    1. Lefteris Tsoulfidis, 2024. "Competing Schools of Economic Thought," Springer Studies in the History of Economic Thought, Springer, edition 0, number 978-3-031-58580-7, March.
    2. Goodhart, Charles A E, 1982. "Monetary Trends in the United States and the United Kingdom: A British Review," Journal of Economic Literature, American Economic Association, vol. 20(4), pages 1540-1551, December.
    3. Mayer, Thomas, 1982. "Monetary Trends in the United States and the United Kingdom: A Review Article," Journal of Economic Literature, American Economic Association, vol. 20(4), pages 1528-1539, December.
    4. Freeman, Chris & Louca, Francisco, 2002. "As Time Goes By: From the Industrial Revolutions to the Information Revolution," OUP Catalogue, Oxford University Press, number 9780199251056, Decembrie.
    5. Hall, Robert E, 1982. "Monetary Trends in the United States and the United Kingdom: A Review from the Perspective of New Developments in Monetary Economics," Journal of Economic Literature, American Economic Association, vol. 20(4), pages 1552-1556, December.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Lefteris, Tsoulfidis, 2012. "Οι Πτωχεύσεις Του Ελληνικού Κράτους [Greek Sovereign Defaults in Retrospect]," MPRA Paper 42843, University Library of Munich, Germany, revised 17 Nov 2012.

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    More about this item

    Keywords

    Depression of 1930s; Gold exchange standard; Greek economy; debt default;
    All these keywords.

    JEL classification:

    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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