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Book Cover
Author Field, Alexander J., author

Title A great leap forward : 1930s Depression and U.S. economic growth / Alexander J. Field
Published New Haven : Yale University Press, [2011]
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Description 1 online resource (ix, 387 pages) : illustrations
Series Yale series in economic and financial history
Yale series in economic and financial history.
Contents The most technologically progressive decade of the century -- The interwar years -- The Second World War -- The Golden Age and beyond -- The information technology boom -- Fin de Siecle : the late nineteenth century in the mirror of the twentieth -- Procyclical TFP -- The equipment hypothesis -- General-purpose technologies -- Financial fragility and recovery -- Uncontrolled land development and the duration of the Depression -- Do economic downturns have a silver lining?
Summary This bold re-examination of the history of U.S. economic growth is built around a novel claim, that productive capacity grew dramatically across the Depression years (1929-1941) and that this advance provided the foundation for the economic and military success of the United States during the Second World War as well as for the golden age (1948-1973) that followed. Alexander J. Field takes a fresh look at growth data and concludes that, behind a backdrop of double-digit unemployment, the 1930s actually experienced very high rates of technological and organizational innovation, fueled by the maturing of a privately funded research and development system and the government-funded build-out of the country's surface road infrastructure. This significant new volume in the Yale Series in Economic and Financial History invites new discussion of the causes and consequences of productivity growth over the last century and a half and on our current prospects
Bibliography Includes bibliographical references and index
Notes Print version record
Subject Depressions -- 1929 -- United States.
United States -- Economic conditions -- 1918-1945.
United States -- Economic conditions -- 20th century.
Form Electronic book
LC no. 2010038797
ISBN 0300168756 (electronic bk.)
9780300168754 (electronic bk.)