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Lecture 5 EH

Economic History

QuestionAnswer
Overview of the great depression
Roaring 20s
Financial instability hypothesis, euphoria phase
Financial instability hypothesis, depression phase
Fed's contractionary turn in 1928/1929
Germany's path to the great depression
3 challenges in detail
German reparations, deficits and rising inflation
way into hyperinflation of 1923
Why was default not an option
Does fiscal or monetary policy determine the price level?
Was fiscal or monetary policy dominant in hyperinflation Germany?
Factors contributing to Germanys hyperinflation
Monetary and fiscal reform
Dawes plan 1924
What are the effects of hyperinflation
Balance of payment problems
Created by: janasultan
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