Bruce Jay Friedman

The period of 1925 to 1940 saw the political and economic landscape of the United States broken by the Great Depression. On October 24th, 1929 millions would rush to banks and markets to pull their capital from the impending crash in an event known as Black Thursday. The shockwave caused by this crash launched the Great Depression, a period of history that affected every sector of American life and still influences political policy today. Three main ideas attempt to explain the cause and length…

What was the Great Depression? The Great Depression was the deepest and longest-lasting economic downfall in the history of the western industrialized world. What were 2 long term causes of the great depression? 2 of the long term causes were Industry and Agriculture, railroads lose to trucks, buses, and cars. Coal loses 50% to hydroelectric, natural gas, and oil. Farms over-produced during WW1 to face europe. 40% declined after the war. What year did Hoover get elected, and describe the 3…

The Great Depression was a period of time lasting from 1929 to 1939 (a ten year span). The event that started it all was the stock market crash in October of 1929. 12.9 million shares were traded on October 12, 1929. The day became known as “Black Thursday.” Five days later 16 million shares were traded, making that day known as “Black Tuesday.” By March of 1930, 3.2 million Americans were unemployed and most had already lost their lifesavings, homes, and their hope. Riots began to break out by…

the cash supply, yield, and costs all fell abruptly in the constriction and rose quickly in the recuperation; the trouble lay in setting up the causal connections among these variables. In their excellent investigation of U.S. financial history, Friedman and Schwartz (1963) introduced a monetarist elucidation of these…

role as overseer and regulator of the commercial banking system met with a very poor result.” (Ranson 407). Ranson is a critic of the Federal Reserve and its policies. Milton Friedman, in concurrence with Ranson, claims “If Congress had been in control of monetary policy, you would not have had the Great Depression.” (Friedman 635). Dean Baker, co-director for Centre for Economic and Policy Research, predicted the recession of 2008-09 as a result of the federal reserve’s monetary policy. In…

Milton Friedman, a conservative economist that was most popular in the later part of the twentieth century, wrote many books and studies on the free market. In his piece, “Free to Choose,” Friedman outlined that the free market should be protected to create more growth for society. Though I agree that Friedman makes some excellent points, I believe that his approach to creating freedom is not worth the price of inequality that comes with it. The major dilemma being discussed in this article is…

with either of the two actions. It is basically a law of the land. Thus, it can be said that corporations cannot be said to act socially responsible. A socially responsible corporation is an oxymoron. This point is reverberated by both Friedman and Bakan. Friedman points how corporations cannot be socially responsible as their distinct structure and operations prohibits them from doing so. While, Bakan gives specific examples of how corporations choose profits over acting in the socially…

In the videos, “End this depression now”, part one, and, “End this Depression Now “, part two, Paul Krugman talks about the problems we face in today 's world, things that affect us or help us stay out of a depression. Honestly I am a bit surprised to hear that even though we have been out of a recession that ended in 2009, the United States still faces problem like being unemployed for more than one year, and for those who graduate, finding a job has not been easy. The reason I am surprised…

Tough situations can create tough decisions! Women are forced to make these decisions regardless of the current conditions. “The disaster of the Great Depression touched all aspects of women’s lives.” (Reagan 132). “That there could be so many desperate enough to prefer to risk their lives rather than bear the fruit of their bodies not only given an in liking of the nationwide extent of this grim practice but dramatically emphasizes our inept handling of a great social problem.” (Kaley 1). The…

Friedman and Schwartz write: From the peak in August 1929 to March 1933, the stock of money fell by over a third and the result was what Friedman calls the "Great Contraction” a period of falling income, prices, and employment caused by the choking effects of a restricted money supply. Friedman and Schwartz argue that people wanted to hold more money than the Federal Reserve was supplying. People…