The Great Contraction, 1929-1933

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"The leading and most persuasive explanation of the worst economic disaster in American history, the onset of the Great Depression."—Ben S. Bernanke, Nobel Prize–winning economist and former chair of the U.S. Federal Reserve Nobel Prize–winning economist Milton Friedman and his celebrated colleague Anna Jacobson Schwartz’s landmark reinterpretation of the Great Depression Milton Friedman and Anna Jacobson Schwartz’s A Monetary History of the United States, 1867–1960 is one of the most influential economics books of the twentieth century. A landmark achievement, it marshaled massive...