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Article: The Banking Panics of the Great Depression.
- Article from:
- Southern Economic Journal
- Article date:
- April 1, 1997
- Author:
CopyrightCOPYRIGHT 1997 Southern Economic Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The European and American banking panics of the 1930s are one of the most notable features of the Great Depression. Many scholars have argued that the panics are an important cause, if not the most important cause, of the Great Depression.
In this new book Elmus Wicker reexamines the U.S. banking panics during the period 1930 to 1933. Many previous studies of the financial crises focus on the macroeconomic implications of the panics. Wicker extensively reviews the details of each panic, to determine the proximate causes of each. Through this analysis, Wicker offers important new insights into the cause, as well as the macroeconomic implications, of each panic.
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