A Monetary History Of The United States, 1867-1960 < 99% Complete >

Changes in the money supply profoundly influence the economy's behavior, including fluctuations in income and prices.

Populist efforts for bimetallism and the deflationary pressures of the late 19th century. A Monetary History of the United States, 1867-1960

The authors argued that the Depression was not a "market failure" but a "government failure." They blamed the Federal Reserve for allowing the money supply to shrink by one-third between 1929 and 1933. Changes in the money supply profoundly influence the