The Defining Moment: The Great Depression and the American Economy in the Twentieth Century

Michael D. Bordo, Claudia Goldin, and Eugene N. White, editors

Published in January 1998 by University of Chicago Press
© 1998 by the National Bureau of Economic Research

NBER Program(s):ME, EFG, DAE

More information on purchasing this book
474 pages
ISBN: 0-226-06589-8

Table of Contents

Front matter, The Defining Moment: Michael D. Bordo, Claudia Goldin, Eugene N. White (p. -20 - 0) (bibliographic info) (download)
The Defining Moment Hypothesis: The Editors' Introduction: Michael D. Bordo, Claudia Goldin (p. 1 - 20) (bibliographic info) (download)
I The Birth of Activist Macroeconomic Policy: (p. 21 - 22) (bibliographic info) (download)
1. Was the Great Depression a Watershed for American Monetary Policy?: Charles Calomiris, David Wheelock (p. 23 - 66) (bibliographic info) (download) (Working Paper version)
2. Fiscal Policy in the Shadow of the Great Depression: J. Bradford DeLong (p. 67 - 86) (bibliographic info) (download)
3. The Legacy of Deposit Insurance: The Growth, Spread, and Cost of Insuring Financial Intermediaries: Eugene N. White (p. 87 - 122) (bibliographic info) (download) (Working Paper version)
II Expanding Government: Hugh Rockoff (p. 123 - 124) (bibliographic info) (download)
4. By Way of Analogy: The Expansion of the Federal Government in the 1930s: Hugh Rockoff (p. 125 - 154) (bibliographic info) (download) (Working Paper version)
5. The Impact of the New Deal on American Federalism: John J. Wallis, Wallace Oates (p. 155 - 180) (bibliographic info) (download)
6. The Great Depression and the Regulating State: Federal Government Regulation of Agriculture, 1884-1970: Gary D. Libecap (p. 181 - 224) (bibliographic info) (download) (Working Paper version)
III Insuring Households and Workers: (p. 225 - 226) (bibliographic info) (download)
7. A Distinctive System: Origins and Impact of U.S. Unemployment Compensation: Katherine Baicker, Claudia Goldin, Lawrence F. Katz (p. 227 - 264) (bibliographic info) (download) (Working Paper version)
8. Spurts in Union Growth: Defining Moments and Social Processes: Richard B. Freeman (p. 265 - 296) (bibliographic info) (download) (Working Paper version)
9. The Genesis and Evolution of Social Security: Jeffrey A. Miron, David N. Weil (p. 297 - 322) (bibliographic info) (download) (Working Paper version)
IV International Perspectives: (p. 323 - 324) (bibliographic info) (download)
10. From Smoot-Hawley to Reciprocal Trade Agreements: Changing the Course of U.S. Trade Policy in the 1930s: Douglas A. Irwin (p. 325 - 352) (bibliographic info) (download) (Working Paper version)
11. The Great Depression as a Watershed: International Capital Mobility over the Long Run: Maurice Obstfeld, Alan M. Taylor (p. 353 - 402) (bibliographic info) (download) (Working Paper version)
12. Implications of the Great Depression for the Development of the International Monetary System: Michael D. Bordo, Barry Eichengreen (p. 403 - 454) (bibliographic info) (download) (Working Paper version)
List of Contributors, Indexes: Michael D. Bordo, Claudia Goldin, Eugene N. White (p. 455) (bibliographic info) (download)
NBER Videos

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email:

Contact Us