Publisher's Synopsis
Banking and the Business Cycle: A Study of the Great Depression in the United States is a book by Chester Arthur Phillips. The book is a comprehensive study of the Great Depression in the United States and the role of banking in its occurrence. The author examines the historical context of the Great Depression and the economic policies that were in place at the time. He also analyzes the role of banks in the economic collapse and the subsequent recovery.Phillips argues that the banking system played a significant role in the Great Depression. He contends that the Federal Reserve System, which was established in 1913 to regulate the nation's banking system, failed to prevent the economic collapse. The author examines the actions of the Federal Reserve during the Great Depression and argues that its policies exacerbated the economic crisis.The book also explores the relationship between banking and the business cycle. Phillips argues that the banking system is a key factor in the cyclical nature of the economy. He examines the role of banks in the expansion and contraction of credit, and how this affects the business cycle.Overall, Banking and the Business Cycle: A Study of the Great Depression in the United States is a comprehensive analysis of the Great Depression and the role of banking in its occurrence. The book provides valuable insights into the workings of the banking system and its impact on the economy. It is a must-read for anyone interested in the history of the Great Depression and the role of banking in economic cycles.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
