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

2. More

3. More on the Great Depression More In 1929, the GDP deflator was 11.98. Multiply 2000 prices by 0.1198 to get 1929 prices; divide 1929 prices by 0.1198 to get 2000 prices

4. More on the Great Depression More In 1929, the GDP deflator was 11.98. Multiply 2000 prices by 0.1198 to get 1929 prices; divide 1929 prices by 0.1198 to get 2000 prices To say this is crude is an understatement

5. More on the Great Depression More

6. More on the Great Depression More

7. More on the Great Depression More

8. More on the Great Depression The Dow

9. More on the Great Depression The Dow Gradual Decline

10. More on the Great Depression The Dow Gradual Decline

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

12. More on the Great Depression A Smaller Time Period

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

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

15. More on the Great Depression No It is Not

16. More on the Great Depression Real Rates

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

18. 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

19. More on the Great Depression

20. M 2 fell by 31%!

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

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

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