Lectures in Macroeconomics- Charles W. Upton More on the Great Depression.

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Presentation transcript:

Lectures in Macroeconomics- Charles W. Upton More on the Great Depression

More

More on the Great Depression More In 1929, the GDP deflator was Multiply 2000 prices by to get 1929 prices; divide 1929 prices by to get 2000 prices

More on the Great Depression More In 1929, the GDP deflator was Multiply 2000 prices by to get 1929 prices; divide 1929 prices by to get 2000 prices To say this is crude is an understatement

More on the Great Depression More

More on the Great Depression More

More on the Great Depression More

More on the Great Depression The Dow

More on the Great Depression The Dow Gradual Decline

More on the Great Depression The Dow Gradual Decline

More on the Great Depression The Dow Gradual Decline Also moves up

More on the Great Depression A Smaller Time Period

More on the Great Depression A Smaller Time Period The great crash – over several months

More on the Great Depression Hope is Just Around the Corner The modest recovery– over several months

More on the Great Depression No It is Not

More on the Great Depression Real Rates

More on the Great Depression Real Rates This is the realized real rate, not the expected

More on the Great Depression Real Rates This is the realized real rate, not the expected Remember this is the rate you had to earn to justify an investment, not the return on that investment

More on the Great Depression

M 2 fell by 31%!

More on the Great Depression M 2 fell by 31%!

More on the Great Depression M 2 fell by 31%!

More on the Great Depression End ©2006 Charles W. Upton. All rights reserved