The Recovery Problem in the United States

The Recovery Problem in the United States

The Recovery Problem in the United States

The Recovery Problem in the United States

Excerpt

This volume is not designed as a presentation of any general theory of cyclical movements. It does not even pretend to assess the causes of the particular depression which began in 1929 nor to suggest means for preventing the recurrence of depressions in the future. Such contribution to cyclical theory as it may contain is merely an incidental by-product of a general analysis focussed strictly upon the problems of recovery in the United States at the present juncture.

To provide adequate background and foundation, it has been deemed essential to review the great economic changes which have occurred in recent years. In Part I, entitled The Sweep of World Events, an attempt is made to make clear the international setting of the dislocation which has occurred in the United States. The second division of the analysis, Readjustments in the United States, is a more detailed study of the course of depression and recovery to date as related to major aspects of American economic life. In the final section, Readjustments Required for Recovery, an effort is made to integrate the analysis as a whole and to indicate the primary requirements for stimulating and safeguarding further progress.

Because of its comprehensive character, the carrying out of the project has necessarily required the collaboration of numerous specialists. Harold G. Moulton planned and co-ordinated the analysis as a whole and collaborated in the writing of Chapters VIII, XI, and XII. He is primarily responsible for Parts I and III, except for Chapter XIX. Maurice Leven is responsible . . .

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