Download This PaperThe Recession of 1937: A Cautionary Tale
22 Pages Posted: 14 Dec 2009
Date Written: November 1, 2009
Abstract
This article reviews the competing explanations offered for the recession of 1937, which interrupted the recovery from the Great Depression. One explanation, increases in labor costs due to the New Deal’s industrial policies, fails to account for the full extent of the downturn and for the ensui - although not its precise timing - and the recovery.
Keywords: recession of 1937, Business Fluctuations, Cycles, Economic History, U.S., Canada
Suggested Citation: Suggested Citation
Velde, Francois R., The Recession of 1937: A Cautionary Tale (November 1, 2009). Economic Perspectives, Vol. 33, No. 4, pp. 16-37, 2009, Available at SSRN: https://ssrn.com/abstract=1523267
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