Econ

economy

 Write a short paragraph (100 words + 10) answering
each of the following essays related to the book, “Rethinking the Great
Depression,” by Gene Smiley.  Do your own work on this!  Provide
a word count for each essay.  Special deal – Do you really like one of the
essays you wrote?  Circle it (one for each day) and I will score it for
some extra credit.  What’s the catch?  The e.c. will be between -1
pt. and +3 pts. (not very good; just passable, some good insights, pretty good
overall and very good overall).  If you’d rather not take the risk, don’t
circle any.

1.  In the 1920s, why was it practically impossible for
the world to go back to their pre-WWI gold standard?

2.  Some argue that Federal Reserve policy following the
stock market crash of 1929 was erratic and contributed to the length and
severity of the Great Depression.  Detail and explain this point of view.

3.  From 1931 to 1932, banks in the United States found
their circumstances getting increasingly more precarious.  Explain how and
why.

4.  What signs indicated that the economy was on the
road to recovery in 1933?  What interrupted this recovery?

5.  According to Smiley, what accounts for the slow
economic recovery during FDR’s first term?

6.  What role did monetary policy play in the
depression of 1937-1938?  What concerns motivated this policy on the part
of the Fed?

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