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| economic depression in a sentence: Lessons from the Great Depression Peter Temin, 1991-10-08 Lessons from the Great Depression provides an integrated view of the depression, covering the experience in Britain, France, Germany, and the United States. Do events of the 1930s carry a message for the 1990s? Lessons from the Great Depression provides an integrated view of the depression, covering the experience in Britain, France, Germany, and the United States. It describes the causes of the depression, why it was so widespread and prolonged, and what brought about eventual recovery. Peter Temin also finds parallels in recent history, in the relentless deflationary course followed by the U.S. Federal Reserve Board and the British government in the early 1980s, and in the dogged adherence by the Reagan administration to policies generated by a discredited economic theory—supply-side economics. |
| economic depression in a sentence: Years of adventure, 1874-1920 Herbert Hoover, 1951 |
| economic depression in a sentence: The Associate Phillip Margolin, 2009-10-13 A mesmerizing tale of deceit and criminal stealth in the high-stakes world of pharmaceutical research from Phillip Margolin, the New York Times bestselling master of the courtroom thriller. Daniel Ames is living the American dream. Though born into poverty and living on the streets by the age of fifteen, Daniel has overcome every obstacle -- and now is an associate at Reed, Briggs, Portland's most prestigious law firm, earning more money than he ever imagined possible. But when Aaron Flynn enters his life, Daniel finds himself caught between his towering ambition and his bedrock idealism. Flynn, a charismatic civil litigator, sues Geller Pharmaceuticals -- Reed, Briggs's biggest client -- for manufacturing a drug that he claims causes unspeakable birth defects. Daniel is certain the claim has no merit -- until a memo written by a Geller scientist is found, detailing the shocking results of a study that implicates the company in a horrific lie. Could Daniel unwittingly be helping Geller cover up a dark secret? As he begins to investigate, his world comes tumbling down around him. His work is sabotaged, he's accused of professional incompetence, and he's fired. Twelve hours later the man who fired him is murdered. Daniel is arrested. With help from two women, including lawyer Amanda Jaffe (whom we met in Wild Justice), Daniel scrambles to clear his name and save his reputation -- and in the process unearths a trail of deceit that leads back to a series of unsolved kidnappings seven years earlier. But someone doesn't want this trail explored, and Daniel becomes the target of a vicious killer who will stop at nothing to prevent the truth from being revealed. |
| economic depression in a sentence: Oxford Thesaurus Oxford University Press, 1992 |
| economic depression in a sentence: The Great Depression Ahead Harry S. Dent, 2009-01-06 The first and last economic depression that you will experience in your lifetime is just ahead. The year 2009 will be the beginning of the next long-term winter season and the initial end of prosperity in almost every market, ushering in a downturn like most of us have not experienced before. Are you aware that we have seen long-term peaks in our stock market and economy very close to every 40 years due to generational spending trends: as in 1929, 1968, and next around 2009? Are you aware that oil and commodity prices have peaked nearly every 30 years, as in 1920, 1951, 1980 -- and next likely around late 2009 to mid-2010? The three massive bubbles that have been booming for the last few decades -- stocks, real estate, and commodities -- have all reached their peak and are deflating simultaneously. Bestselling author and renowned economic forecaster Harry S. Dent, Jr., has observed these trends for decades. As he first demonstrated in his bestselling The Great Boom Ahead, he has developed analytical techniques that allow him to predict the impact they will have. The Great Depression Ahead explains The Perfect Storm as peak oil prices collide with peaking generational spending trends by 2010, leading to a more severe downtrend for the global economy and individual investors alike. He predicts the following: • The economy appears to recover from the subprime crisis and minor recession by mid-2009 -- the calm before the real storm. • Stock prices start to crash again between mid- and late 2009 into late 2010, and likely finally bottom around mid-2012 -- between Dow 3,800 and 7,200. • The economy enters a deeper depression between mid-2010 and early 2011, likely extending off and on into late 2012 or mid-2013. • Asian markets may bottom by late 2010, along with health care, and be the first great buy opportunities in stocks. • Gold and precious metals will appear to be a hedge at first, but will ultimately collapse as well after mid- to late 2010. • A first major stock rally, likely between mid-2012 and mid-2017, will be followed by a final setdback around late 2019/early 2020. • The next broad-based global bull market will be from 2020-2023 into 2035-2036. Conventional investment wisdom will no longer apply, and investors on every level -- from billion-dollar firms to the individual trader -- must drastically reevaluate their policies in order to survive. But despite the dire news and dark predictions, there are real opportunities to come from the greatest fire sale on financial assets since the early 1930s. Dent outlines the critical issues that will face our government and other major institutions, offering long- and short-term tactics for weathering the storm. He offers recommendations that will allow families, businesses, investors, and individuals to manage their assets correctly and come out on top. With the right knowledge and preparation, you can take advantage of new wealth opportunities rather than get caught in a downward spiral. Your life is about to change for reasons outside of your control. You can't change the direction of the winds, but you can reset your sails! |
| economic depression in a sentence: The World in Depression, 1929-1939 Charles Poor Kindleberger, 1986 The World in Depression is the best book on the subject, and the subject, in turn, is the economically decisive decade of the century so far.--John Kenneth Galbraith |
| economic depression in a sentence: Crash! Phillip G. Payne, 2015-12-01 The irrationally exuberant highs and lows of the 1920s can help students recognize boom and bust cycles past, present, and future. Speculation—an economic reality for centuries—is a hallmark of the modern U.S. economy. But how does speculation work? Is it really caused, as some insist, by popular delusions and the madness of crowds, or do failed regulations play a greater part? And why is it that investors never seem to learn the lessons of past speculative bubbles? Crash! explores these questions by examining the rise and fall of the American economy in the 1920s. Phillip G. Payne frames the story of the 1929 stock market crash within the booming New Era economy of the 1920s and the bust of the Great Depression. Taking into account the emotional drivers of the consumer market, he offers a clear, concise explanation of speculation's complex role in creating one of the greatest financial panics in U. S. history. Crash! explains how postWorld War I changes in the global financial markets transformed the world economy, examines the role of boosters and politicians in promoting speculation, and describes in detail the disastrous aftermath of the 1929 panic. Payne's book will help students recognize the telltale signs of bubbles and busts, so that they may become savvier consumers and investors. |
| economic depression in a sentence: A Failure of Capitalism Richard A. Posner, 2011-05-31 The financial and economic crisis that began in 2008 is the most alarming of our lifetime because of the warp-speed at which it is occurring. How could it have happened, especially after all that we've learned from the Great Depression? Why wasn't it anticipated so that remedial steps could be taken to avoid or mitigate it? What can be done to reverse a slide into a full-blown depression? Why have the responses to date of the government and the economics profession been so lackluster? Richard Posner presents a concise and non-technical examination of this mother of all financial disasters and of the, as yet, stumbling efforts to cope with it. No previous acquaintance on the part of the reader with macroeconomics or the theory of finance is presupposed. This is a book for intelligent generalists that will interest specialists as well. Among the facts and causes Posner identifies are: excess savings flowing in from Asia and the reckless lowering of interest rates by the Federal Reserve Board; the relation between executive compensation, short-term profit goals, and risky lending; the housing bubble fuelled by low interest rates, aggressive mortgage marketing, and loose regulations; the low savings rate of American people; and the highly leveraged balance sheets of large financial institutions. Posner analyzes the two basic remedial approaches to the crisis, which correspond to the two theories of the cause of the Great Depression: the monetarist--that the Federal Reserve Board allowed the money supply to shrink, thus failing to prevent a disastrous deflation--and the Keynesian--that the depression was the product of a credit binge in the 1920's, a stock-market crash, and the ensuing downward spiral in economic activity. Posner concludes that the pendulum swung too far and that our financial markets need to be more heavily regulated. Read Richard Posner's blog, and his latest article in The Atlantic. |
| economic depression in a sentence: Deaths of Despair and the Future of Capitalism Anne Case, Angus Deaton, 2021-03-02 A New York Times Bestseller A Wall Street Journal Bestseller A New York Times Notable Book of 2020 A New York Times Book Review Editors’ Choice Shortlisted for the Financial Times and McKinsey Business Book of the Year A New Statesman Book to Read From economist Anne Case and Nobel Prize winner Angus Deaton, a groundbreaking account of how the flaws in capitalism are fatal for America's working class Deaths of despair from suicide, drug overdose, and alcoholism are rising dramatically in the United States, claiming hundreds of thousands of American lives. Anne Case and Angus Deaton explain the overwhelming surge in these deaths and shed light on the social and economic forces that are making life harder for the working class. As the college educated become healthier and wealthier, adults without a degree are literally dying from pain and despair. Case and Deaton tie the crisis to the weakening position of labor, the growing power of corporations, and a rapacious health-care sector that redistributes working-class wages into the pockets of the wealthy. This critically important book paints a troubling portrait of the American dream in decline, and provides solutions that can rein in capitalism's excesses and make it work for everyone. |
| economic depression in a sentence: The Return of Depression Economics Paul R. Krugman, 1999 The author of The Age of Diminished Expectations returns with a sobering tour of the global economic crises of the last two years. |
| economic depression in a sentence: New Methods in Reading Comprehension Research David E. Kieras, Marcel A. Just, 2018-04-17 Published in 1984, this volume presents methodologies for studying the ongoing psychological processes that occur as a person reads a text, as well as discussing the major findings that these methodologies have produced, to provide a handbook of reading comprehension research techniques. Focusing on the comprehension processes that occur when a person is reading, rather than the representation that remains after the text has been read, the methodologies use measures such as reading times that reflect ongoing processes, rather than relying exclusively on conventional measures of memory performance such as recall. These methods make use of computer technology for rapid and flexible stimulus representation and data acquisition. This book will allow researchers and students to select appropriate methodologies to investigate a range of fascinating questions about reading comprehension. |
| economic depression in a sentence: Essays on the Great Depression Ben S. Bernanke, 2009-01-10 From the Nobel Prize–winning economist and former chair of the U.S. Federal Reserve, a landmark book that provides vital lessons for understanding financial crises and their sometimes-catastrophic economic effects As chair of the U.S. Federal Reserve during the Global Financial Crisis, Ben Bernanke helped avert a greater financial disaster than the Great Depression. And he did so by drawing directly on what he had learned from years of studying the causes of the economic catastrophe of the 1930s—work for which he was later awarded the Nobel Prize. This influential work is collected in Essays on the Great Depression, an important account of the origins of the Depression and the economic lessons it teaches. |
| economic depression in a sentence: Freefall: America, Free Markets, and the Sinking of the World Economy Joseph E. Stiglitz, 2010-10-04 An incisive look at the global economic crisis, our flawed response, and the implications for the world’s future prosperity. The Great Recession, as it has come to be called, has impacted more people worldwide than any crisis since the Great Depression. Flawed government policy and unscrupulous personal and corporate behavior in the United States created the current financial meltdown, which was exported across the globe with devastating consequences. The crisis has sparked an essential debate about America’s economic missteps, the soundness of this country’s economy, and even the appropriate shape of a capitalist system. Few are more qualified to comment during this turbulent time than Joseph E. Stiglitz. Winner of the 2001 Nobel Prize in Economics, Stiglitz is “an insanely great economist, in ways you can’t really appreciate unless you’re deep into the field” (Paul Krugman, New York Times). In Freefall, Stiglitz traces the origins of the Great Recession, eschewing easy answers and demolishing the contention that America needs more billion-dollar bailouts and free passes to those “too big to fail,” while also outlining the alternatives and revealing that even now there are choices ahead that can make a difference. The system is broken, and we can only fix it by examining the underlying theories that have led us into this new “bubble capitalism.” Ranging across a host of topics that bear on the crisis, Stiglitz argues convincingly for a restoration of the balance between government and markets. America as a nation faces huge challenges—in health care, energy, the environment, education, and manufacturing—and Stiglitz penetratingly addresses each in light of the newly emerging global economic order. An ongoing war of ideas over the most effective type of capitalist system, as well as a rebalancing of global economic power, is shaping that order. The battle may finally give the lie to theories of a “rational” market or to the view that America’s global economic dominance is inevitable and unassailable. For anyone watching with indignation while a reckless Wall Street destroyed homes, educations, and jobs; while the government took half-steps hoping for a “just-enough” recovery; and while bankers fell all over themselves claiming not to have seen what was coming, then sought government bailouts while resisting regulation that would make future crises less likely, Freefall offers a clear accounting of why so many Americans feel disillusioned today and how we can realize a prosperous economy and a moral society for the future. |
| economic depression in a sentence: Economics in One Lesson Henry Hazlitt, 2010-08-11 With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong — and strongly reasoned — anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication. |
| economic depression in a sentence: Economics After the Crisis Adair Turner, 2013 A noted economist challenges the fundamental economic assumptions that cast economic growth as the objective and markets as the universally applicable means of achieving it. The global economic crisis of 2008-2009 seemed a crisis not just of economic performance but also of the system's underlying political ideology and economic theory. But a second Great Depression was averted, and the radical shift to New Deal-like economic policies predicted by some never took place. Perhaps the correct response to the crisis is simply careful management of the macroeconomic challenges as we recover, combined with reform of financial regulation to prevent a recurrence. In Economics After the Crisis, Adair Turner offers a strong counterargument to this somewhat complacent view. The crisis of 2008-2009, he writes, should prompt a wide set of challenges to economic and political assumptions and to economic theory. Turner argues that more rapid growth should not be the overriding objective for rich developed countries, that inequality should concern us, that the pre-crisis confidence in financial markets as the means of pursuing objectives was profoundly misplaced. |
| economic depression in a sentence: Merriam-Webster's Medical Dictionary Merriam-Webster, Inc, 1995 A concise guide to the essential language of medicine. More than 35,000 entries. Pronunciations provided for all entries. Covers brand names and generic equivalents of common drugs. |
| economic depression in a sentence: The Long Depression Michael Roberts, 2016-09-01 Setting out from an unapologetic Marxist perspective, The Long Depression argues that the global economy remains in the throes of a depression. Making the case that the profitability of capital is too low, and the debt built up before the Great Recession too high, leading radical economist Michael Roberts persuasively presents his case that this depression will persist until the profitability of capital is restored through yet another slump. |
| economic depression in a sentence: The Great Inflation Michael D. Bordo, Athanasios Orphanides, 2013-06-28 Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment. |
| economic depression in a sentence: Finance & Development, September 2014 International Monetary Fund. External Relations Dept., 2014-08-25 This chapter discusses various past and future aspects of the global economy. There has been a huge transformation of the global economy in the last several years. Articles on the future of energy in the global economy by Jeffrey Ball and on measuring inequality by Jonathan Ostry and Andrew Berg are also illustrated. Since the 2008 global crisis, global economists must change the way they look at the world. |
| economic depression in a sentence: What Is Your One Sentence? Mimi Goss, 2012-04-03 Your one sentence is that irreducible part of your message that you want your audience to remember. A good sentence stops people in their tracks. It surprises them. It makes them think. And in today's age of information overload and short attention spans, getting your point across is more important and more difficult than ever. What Is Your One Sentence? will help you be a better communicator-fast. Mimi Goss teaches her unique One Sentence Method, which shows you how to distill your message into one sentence that captures your listeners' attention, moves your ideas forward, focuses the problem, and helps you achieve your goals. You'll learn to: Use the one sentence approach to tackle complex messages Take five simple steps to find one sentence that launches a dialogue Identify the basics of a memorable one sentence Speak in an authentic voice Whether you're teaching kindergartners, pleading for your life, or presenting the budget to Congress, What Is Your One Sentence? provides exercises and examples, looks at the psychology of communication, and takes you through a step-by-step process to find your core message and craft that one memorable sentence to hook listeners and keep them engaged. |
| economic depression in a sentence: Hall of Mirrors Barry J. Eichengreen, 2015 A brilliantly conceived dual-track account of the two greatest economic crises of the last century and their consequences-- |
| economic depression in a sentence: Kicking Away the Ladder Ha-Joon Chang, 2002-07-01 How did the rich countries really become rich? In this provocative study, Ha-Joon Chang examines the great pressure on developing countries from the developed world to adopt certain 'good policies' and 'good institutions', seen today as necessary for economic development. His conclusions are compelling and disturbing: that developed countries are attempting to 'kick away the ladder' with which they have climbed to the top, thereby preventing developing countries from adopting policies and institutions that they themselves have used. |
| economic depression in a sentence: Killing the Poormaster Holly Metz, 2012-10-01 On February 25, 1938, in the early days of the welfare system, the reviled poormaster Harry Barck—wielding power over who would receive public aid—died from a paper spike thrust into his heart. Barck was murdered, the prosecution would assert, by an unemployed mason named Joe Scutellaro. In denying Scutellaro money, Barck had suggested the man's wife prostitute herself on the streets rather than ask the city of Hoboken, New Jersey, for aid. The men scuffled. Scutellaro insisted that Barck fell on his spike; the police claimed he grabbed the spike and stabbed Barck. News of the poormaster's death brought national attention to the plight of ten million unemployed living in desperate circumstances. A team led by celebrated attorney Samuel Leibowitz of &“Scottsboro Boys&” fame worked to save Scutellaro from the electric chair, arguing that the jobless man's struggle with the poormaster was a symbol of larger social ills. The trial became an indictment &“of a system which expects a man to live, in this great democracy, under such shameful circumstances.&” We live in a time where the issues examined in Killing the Poormaster—massive unemployment, endemic poverty, and the inadequacy of public assistance—remain vital. With its insight into our social contract, Killing the Poormaster reads like today's news. |
| economic depression in a sentence: What Is An Economic Depression, How The Perpetual Economic Depression Started In 1935, What Has Caused The Economy To Remain In A Perpetual Economic Depression, And How The Economy Is Affected By Being In A Perpetual Economic Depression Dr. Harrison Sachs, 2024-08-25 This essay sheds light on what is an economic depression, explicates how the perpetual economic depression started in 1935, elucidates what has caused the economy to remain in a perpetual economic depression, and expounds upon how the economy is affected by being in a perpetual economic depression. An economic depression is a prolonged period of significant economic decline. “A depression is a dramatic and sustained downturn in economic activity, with symptoms including a sharp fall in economic growth, employment, and production. A depression can be defined as a recession that lasts longer than three years or that results in a decline of at least 10% in annual GDP”. During the period of an economic depression, an economy is all the more vulnerable to succumb to gross domestic product contraction. During the period of an economic depression, an economy is also all the more susceptible to succumb to a decrease in economic output. During the period of an economic depression, an economy is also all the more prone to succumb to a high unemployment rate. During the period of an economic depression, it can also be all the more cumbersome for people to receive job offers from companies for real private sector jobs based on voluntary demand. During the period of an economic depression, it can also be all the more arduous for indebted people who work real private sectors employee jobs based on voluntary demand to be able to generate enough revenue to be able to pay off their outstanding debts. During the period of an economic depression, real private sector employers are all the more inclined to implement fractional hiring practices. Real private sector employees are inapt to be offered anywhere close to 40 hours per week for their shift time hours by their real private sector employer. Real private sector employees who work real private sector employee jobs on a part-time basis for a real private sector employer do not receive overtime pay. By implementing fractional hiring practices, companies can further minimize their labor costs. An indebted person should aim to pay off his debts. Having debt can adversely impinge on an indebted person’s financial health. Having debt can also render an indebted person all the more vulnerable to succumb to chronic stress since it can be cumbersome for an indebted person to cope with the acute stress of being laden with debt. It can be eminently cumbersome for an indebted person who lacks extreme wealth to be able to generate enough revenue to be able to pay off of his outstanding debts, especially in contexts in which his outstanding debt balances continue to ceaselessly amplify from the accrual of recurring late fees and recurring interest fees. As of August of 2024, the economy has been in a perpetual economic depression for over 89 years since 1935. Even though the causes of the perpetual economic depression are multitudinous, the variable that has had the utmost bearing on eliciting a perpetual economic depression in this controlled market economy was the institution of the welfare system. Prior to the advent of the welfare system being instituted, a person would need to work a real private sector job based on voluntary demand to be able to receive fiat currency and benefits. Even though a person could have become a public welfare aristocrat prior to the advent of 1935 by fulfilling a public welfare aristocrat position for a bureaucratic apparatus, far more people were inclined to work real private sector job based on voluntary demand than become public welfare aristocrats prior to the advent of 1935. In this controlled market economy, public welfare aristocrats are able to incessantly receive unlimited money from handout payments and incessantly receive unlimited benefits from handout benefits as long as they maintain fulfilling a public welfare aristocrat position for a prolonged period of time, such as a period of 4 years to 20 years. The amount of time that a person would need to fulfill a public welfare aristocrat position for a bureaucratic apparatus for to render himself eligible to incessantly receive unlimited money from handout payments and incessantly receive unlimited benefits from handout benefits in this controlled market economy can vary. |
| economic depression in a sentence: Ending Discrimination Against People with Mental and Substance Use Disorders National Academies of Sciences, Engineering, and Medicine, Division of Behavioral and Social Sciences and Education, Board on Behavioral, Cognitive, and Sensory Sciences, Committee on the Science of Changing Behavioral Health Social Norms, 2016-09-03 Estimates indicate that as many as 1 in 4 Americans will experience a mental health problem or will misuse alcohol or drugs in their lifetimes. These disorders are among the most highly stigmatized health conditions in the United States, and they remain barriers to full participation in society in areas as basic as education, housing, and employment. Improving the lives of people with mental health and substance abuse disorders has been a priority in the United States for more than 50 years. The Community Mental Health Act of 1963 is considered a major turning point in America's efforts to improve behavioral healthcare. It ushered in an era of optimism and hope and laid the groundwork for the consumer movement and new models of recovery. The consumer movement gave voice to people with mental and substance use disorders and brought their perspectives and experience into national discussions about mental health. However over the same 50-year period, positive change in American public attitudes and beliefs about mental and substance use disorders has lagged behind these advances. Stigma is a complex social phenomenon based on a relationship between an attribute and a stereotype that assigns undesirable labels, qualities, and behaviors to a person with that attribute. Labeled individuals are then socially devalued, which leads to inequality and discrimination. This report contributes to national efforts to understand and change attitudes, beliefs and behaviors that can lead to stigma and discrimination. Changing stigma in a lasting way will require coordinated efforts, which are based on the best possible evidence, supported at the national level with multiyear funding, and planned and implemented by an effective coalition of representative stakeholders. Ending Discrimination Against People with Mental and Substance Use Disorders: The Evidence for Stigma Change explores stigma and discrimination faced by individuals with mental or substance use disorders and recommends effective strategies for reducing stigma and encouraging people to seek treatment and other supportive services. It offers a set of conclusions and recommendations about successful stigma change strategies and the research needed to inform and evaluate these efforts in the United States. |
| economic depression in a sentence: The Sum of Us Heather McGhee, 2022-02-08 NEW YORK TIMES BESTSELLER • LONGLISTED FOR THE NATIONAL BOOK AWARD • One of today’s most insightful and influential thinkers offers a powerful exploration of inequality and the lesson that generations of Americans have failed to learn: Racism has a cost for everyone—not just for people of color. WINNER OF THE PORCHLIGHT BUSINESS BOOK AWARD • ONE OF THE BEST BOOKS OF THE YEAR: Time, The Washington Post, St. Louis Post-Dispatch, Ms. magazine, BookRiot, Library Journal “This is the book I’ve been waiting for.”—Ibram X. Kendi, #1 New York Times bestselling author of How to Be an Antiracist Look for the author’s podcast, The Sum of Us, based on this book! Heather McGhee’s specialty is the American economy—and the mystery of why it so often fails the American public. From the financial crisis of 2008 to rising student debt to collapsing public infrastructure, she found a root problem: racism in our politics and policymaking. But not just in the most obvious indignities for people of color. Racism has costs for white people, too. It is the common denominator of our most vexing public problems, the core dysfunction of our democracy and constitutive of the spiritual and moral crises that grip us all. But how did this happen? And is there a way out? McGhee embarks on a deeply personal journey across the country from Maine to Mississippi to California, tallying what we lose when we buy into the zero-sum paradigm—the idea that progress for some of us must come at the expense of others. Along the way, she meets white people who confide in her about losing their homes, their dreams, and their shot at better jobs to the toxic mix of American racism and greed. This is the story of how public goods in this country—from parks and pools to functioning schools—have become private luxuries; of how unions collapsed, wages stagnated, and inequality increased; and of how this country, unique among the world’s advanced economies, has thwarted universal healthcare. But in unlikely places of worship and work, McGhee finds proof of what she calls the Solidarity Dividend: the benefits we gain when people come together across race to accomplish what we simply can’t do on our own. The Sum of Us is not only a brilliant analysis of how we arrived here but also a heartfelt message, delivered with startling empathy, from a black woman to a multiracial America. It leaves us with a new vision for a future in which we finally realize that life can be more than a zero-sum game. LONGLISTED FOR THE ANDREW CARNEGIE MEDAL |
| economic depression in a sentence: Morbid Symptoms Gilbert Achcar, 2016-05-25 Since the first wave of uprisings in 2011, the euphoria of the Arab Spring has given way to the gloom of backlash and a descent into mayhem and war. The revolution has been overwhelmed by clashes between rival counter-revolutionary forces: resilient old regimes on the one hand and Islamic fundamentalist contenders on the other. In this eagerly awaited book, foremost Arab world and international affairs specialist Gilbert Achcar analyzes the factors of the regional relapse. Focusing on Syria and Egypt, Achcar assesses the present stage of the uprising and the main obstacles, both regional and international, that prevent any resolution. In Syria, the regime's brutality has fostered the rise of jihadist forces, among which the so-called Islamic State emerged as the most ruthless and powerful. In Egypt, the Muslim Brotherhood's year in power was ultimately terminated by the contradictory conjunction of a second revolutionary wave and a bloody reactionary coup. Events in Syria and Egypt offer salient examples of a pattern of events happening across the Middle East. Morbid Symptoms offers a timely analysis of the ongoing Arab uprising that will engage experts and general readers alike. Drawing on a unique combination of scholarly and political knowledge of the Arab region, Achcar argues that, short of radical social change, the region will not achieve stability any time soon. |
| economic depression in a sentence: Boom and Bust Alex J. Pollock, 2010-11-16 While the recent economic crisis was a painful period for many Americans, the panic surrounding the downturn was fueled by an incomplete understanding of economic history. Economic hysteria made for riveting journalism and effective political theater, but the politicians and members of the media who declared that America was in the midst of the greatest financial calamity since the Great Depression were as wrong and misguided as the expansionists of the Roosevelt era. In reality the cyclical nature of market economies is as old as the markets themselves. In a free market system, financial downturns inevitably accompany economic prosperity-but the overall trend is upward progress in living standards and national wealth. While it is helpful to understand what caused the recent crisis, the more important questions to consider are 'What makes the 'boom and bust' cycle so predictable?' and 'What are the ethical responsibilities of the citizens of a free market economy?' In Boom and Bust: Financial Cycles and Human Prosperity, Alex J. Pollock argues that while economic downturns can be frightening and difficult, people living in free market economies enjoy greater health, better access to basic necessities, better education, work less arduous jobs, and have more choices and wider horizons than people at any other point in history. This wonderful reality would not exist in the absence of financial cycles. This book explains why. |
| economic depression in a sentence: Leviathan Thomas Hobbes, 2012-10-03 Written during a moment in English history when the political and social structures were in flux and open to interpretation, Leviathan played an essential role in the development of the modern world. |
| economic depression in a sentence: Poverty in the Philippines Asian Development Bank, 2009-12-01 Against the backdrop of the global financial crisis and rising food, fuel, and commodity prices, addressing poverty and inequality in the Philippines remains a challenge. The proportion of households living below the official poverty line has declined slowly and unevenly in the past four decades, and poverty reduction has been much slower than in neighboring countries such as the People's Republic of China, Indonesia, Thailand, and Viet Nam. Economic growth has gone through boom and bust cycles, and recent episodes of moderate economic expansion have had limited impact on the poor. Great inequality across income brackets, regions, and sectors, as well as unmanaged population growth, are considered some of the key factors constraining poverty reduction efforts. This publication analyzes the causes of poverty and recommends ways to accelerate poverty reduction and achieve more inclusive growth. it also provides an overview of current government responses, strategies, and achievements in the fight against poverty and identifies and prioritizes future needs and interventions. The analysis is based on current literature and the latest available data, including the 2006 Family Income and Expenditure Survey. |
| economic depression in a sentence: America's Great Depression Murray N Rothbard, 2022-11-18 This book is an analysis of the causes of the Great Depression of 1929. The author concludes that the Depression was caused not by laissez-faire capitalism, but by government intervention in the economy. The author argues that the Hoover administration violated the tradition of previous American depressions by intervening in an unprecedented way and that the result was a disastrous prolongation of unemployment and depression so that a typical business cycle became a lingering disease. |
| economic depression in a sentence: Economic Depression Fouad Sabry, 2024-01-08 What is Economic Depression A period of sustained economic decline that is carried out over an extended length of time and is the consequence of decreased economic activity in one or more major national economies is referred to as an economic depression. There is a possibility that economic depression is associated with a particular nation in which there is a worsening of an existing economic crisis; however, the majority of the time, it is a nostalgic reaction to the Great Depression in the United States of America and other similar economic conditions that may be recognized as existing in some country, several countries, or even in many countries. Within the field of economics, it is well acknowledged that economic crises and the subsequent recession, which may be referred to as economic depression, are components of economic cycles. These cycles are characterized by the slowing of the economy after the expansion of the economy and vice versa. The recession itself is a slowdown in economic activity that occurs during the course of the typical business cycle of a developing economy. This recession is the outcome of more severe economic troubles or a downturn than the recession itself. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Economic depression Chapter 2: Recession Chapter 3: Business cycle Chapter 4: Causes of the Great Depression Chapter 5: Global financial system Chapter 6: Long Depression Chapter 7: Early 2000s recession Chapter 8: Economic collapse Chapter 9: Financial crisis Chapter 10: Baring crisis Chapter 11: Deleveraging Chapter 12: Great Moderation Chapter 13: Great Depression Chapter 14: Great Recession Chapter 15: Deflation Chapter 16: Global recession Chapter 17: Depression of 1920-1921 Chapter 18: Economic bubble Chapter 19: 1990s United States boom Chapter 20: Depression of 1882-1885 Chapter 21: Economic recovery (II) Answering the public top questions about economic depression. (III) Real world examples for the usage of economic depression in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of economic depression. |
| economic depression in a sentence: Communities in Action National Academies of Sciences, Engineering, and Medicine, Health and Medicine Division, Board on Population Health and Public Health Practice, Committee on Community-Based Solutions to Promote Health Equity in the United States, 2017-04-27 In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differences in health status across segments of the population, but also because of inequities in factors that impact health status, so-called determinants of health. Only part of an individual's health status depends on his or her behavior and choice; community-wide problems like poverty, unemployment, poor education, inadequate housing, poor public transportation, interpersonal violence, and decaying neighborhoods also contribute to health inequities, as well as the historic and ongoing interplay of structures, policies, and norms that shape lives. When these factors are not optimal in a community, it does not mean they are intractable: such inequities can be mitigated by social policies that can shape health in powerful ways. Communities in Action: Pathways to Health Equity seeks to delineate the causes of and the solutions to health inequities in the United States. This report focuses on what communities can do to promote health equity, what actions are needed by the many and varied stakeholders that are part of communities or support them, as well as the root causes and structural barriers that need to be overcome. |
| economic depression in a sentence: Coordination of Monetary and Fiscal Policies International Monetary Fund, 1998-03-01 Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of monetary and debt management functions in no way lessens the need for effective coordination of monetary and fiscal policy if overall economic performance is to be optimized and maintained in the long term. This paper analyzes these issues based on a review of the relevant literature and of country experiences from an institutional and operational perspective. |
| economic depression in a sentence: The New Deal Michael Hiltzik, 2011-09-13 From first to last the New Deal was a work in progress, a patchwork of often contradictory ideas. |
| economic depression in a sentence: The Great Crash 1929 John Kenneth Galbraith, 2009 The classic examination of the 1929 financial collapse, with an introduction by economist James K. Galbraith Of John Kenneth Galbraith's The Great Crash 1929, the Atlantic Monthly said: Economic writings are seldom notable for their entertainment value, but this book is. Galbraith's prose has grace and wit, and he distills a good deal of sardonic fun from the whopping errors of the nation's oracles and the wondrous antics of the financial community. Originally published in 1955, Galbraith's book became an instant bestseller, and in the years since its release it has become the unparalleled point of reference for readers looking to understand American financial history. |
| economic depression in a sentence: Essential Economics Matthew Bishop, 2004-05-01 |
| economic depression in a sentence: The Little Book of Economics Greg Ip, 2013-01-14 An accessible, thoroughly engaging look at how the economy really works and its role in your everyday life Not surprisingly, regular people suddenly are paying a lot closer attention to the economy than ever before. But economics, with its weird technical jargon and knotty concepts and formulas can be a very difficult subject to get to grips with on your own. Enter Greg Ip and his Little Book of Economics. Like a patient, good-natured tutor, Greg, one of today's most respected economics journalists, walks you through everything you need to know about how the economy works. Short on technical jargon and long on clear, concise, plain-English explanations of important terms, concepts, events, historical figures and major players, this revised and updated edition of Greg's bestselling guide clues you in on what's really going on, what it means to you and what we should be demanding our policymakers do about the economy going forward. From inflation to the Federal Reserve, taxes to the budget deficit, you get indispensible insights into everything that really matters about economics and its impact on everyday life Special sections featuring additional resources of every subject discussed and where to find additional information to help you learn more about an issue and keep track of ongoing developments Offers priceless insights into the roots of America's economic crisis and its aftermath, especially the role played by excessive greed and risk-taking, and what can be done to avoid another economic cataclysm Digs into globalization, the roots of the Euro crisis, the sources of China's spectacular growth, and why the gap between the economy's winners and losers keeps widening |
| economic depression in a sentence: The Yellow Wall-Paper Charlotte Perkins Gilman, 2024-03-21 She has just given birth to their child. He labels her postpartum depression as »hysteria.« He rents the attic in an old country house. Here, she is to rest alone – forbidden to leave her room. Instead of improving, she starts hallucinating, imagining herself crawling with other women behind the room's yellow wallpaper. And secretly, she records her experiences. The Yellow Wall-Paper [1892] is the short but intense, Gothic horror story, written as a diary, about a woman in an attic – imprisoned in her gender; by the story. Charlotte Perkins Gilman's feminist novella was long overlooked in American literary history. Nowadays, it is counted among the classics. CHARLOTTE PERKINS GILMAN (1860–1935), born in Hartford, Connecticut, was an American feminist theorist, sociologist, novelist, short story writer, poet, and playwright. Her writings are precursors to many later feminist theories. With her radical life attitude, Perkins Gilman has been an inspiration for many generations of feminists in the USA. Her most famous work is the short story The Yellow Wall-Paper [1892], written when she suffered from postpartum psychosis. |
| economic depression in a sentence: U.S. History P. Scott Corbett, Volker Janssen, John M. Lund, Todd Pfannestiel, Sylvie Waskiewicz, Paul Vickery, 2024-09-10 U.S. History is designed to meet the scope and sequence requirements of most introductory courses. The text provides a balanced approach to U.S. history, considering the people, events, and ideas that have shaped the United States from both the top down (politics, economics, diplomacy) and bottom up (eyewitness accounts, lived experience). U.S. History covers key forces that form the American experience, with particular attention to issues of race, class, and gender. |
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Jan 7, 2025 · General economic slowdown, to a lesser extent, also remains top of mind and is expected to transform 42% of businesses. Inflation is predicted to have a mixed outlook for net …
Chief Economists Outlook: May 2025 | World Economic Forum
May 28, 2025 · The May 2025 Chief Economists Outlook explores key trends in the global economy, including the latest outlook for growth, inflation, monetary and fiscal policy. It …
Davos 2025: What to expect and who's coming? | World Economic …
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The World Economic Forum
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