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This book contributes to our understanding of the Great Depression's immediate and long-term impacts on the American economy. Editor Mark Wheeler has gathered six scholars from a range of subdisciplines within economics who, together, offer a diverse look at the Depression's effects on the nation's GDP, workers and labor markets, and monetary policy.


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Download Introduction / Mark Wheeler (514 KB)

Download 1. Labor and Labor Markets in the 1930s / Robert A. Margo (1.2 MB)

Download 2. Uneven Impacts of the Great Depression: Industries, Regions, and Nations / Carol E. Heim (2.1 MB)

Download 3. The Great Depression as a Historical Problem / Michael A. Bernstein (2.2 MB)

Download 4. Propagation of the Depression: Theories and Evidence / James S. Fackler (1.7 MB)

Download 5. Monetary Policy in the Great Depression and Beyond: The Sources of the Fed's Inflation Bias / David C. Wheelock (2.6 MB)

Download 6. Understanding the Great Depression: Lessons for Current Policy / Stephen G. Cecchetti (1.5 MB)


Developed from lectures given at Western Michigan University as part of the 1996-1997 lecture series


9780880991919 (pbk.) ; 9780585322049 (ebook)

Subject Areas

LABOR MARKET ISSUES; Job security and unemployment dynamics

The Economics of the Great Depression




Wheeler, Mark, ed. 1998. The Economics of the Great Depression. Kalamazoo, MI: W.E. Upjohn Institute for Employment Research.

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Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License
This work is licensed under a Creative Commons Attribution-NonCommercial-Share Alike 4.0 International License.