LEADER 04737nam 2200721Ia 450 001 9910791066903321 005 20230821174831.0 010 $a1-4008-2933-X 010 $a1-282-93556-9 010 $a9786612935565 024 7 $a10.1515/9781400829330 035 $a(CKB)2550000001251829 035 $a(EBL)590813 035 $a(OCoLC)697174371 035 $a(SSID)ssj0000471438 035 $a(PQKBManifestationID)11307629 035 $a(PQKBTitleCode)TC0000471438 035 $a(PQKBWorkID)10417193 035 $a(PQKB)11195763 035 $a(OCoLC)575036062 035 $a(MdBmJHUP)muse42974 035 $a(DE-B1597)453503 035 $a(OCoLC)979578740 035 $a(DE-B1597)9781400829330 035 $a(Au-PeEL)EBL590813 035 $a(CaPaEBR)ebr10435982 035 $a(CaONFJC)MIL293556 035 $a(PPN)170237699 035 $a(MiAaPQ)EBC590813 035 $a(EXLCZ)992550000001251829 100 $a19851007d1993 uy 0 101 0 $aeng 135 $aur|||||||nn|n 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 12$aA monetary history of the United States, 1867-1960 /$fMilton Friedman [and] Anna Jacobson Schwartz 205 $aCourse Book 210 $aPrinceton $cPrinceton University Press$d1993 215 $a1 online resource (xxiv, 860 pages) $cillustrations 225 1 $aNational Bureau of Economic Research. Studies in business cycles ;$v12 311 0 $a0-691-00354-8 311 0 $a0-691-04147-4 320 $aBibliographical footnotes. 327 $tFrontmatter --$tContents --$tTables --$tCharts --$tPreface --$tCHAPTER 1. Introduction --$tCHAPTER 2. The Greenback Period --$tCHAPTER 3. Silver Politics and the Secular Decline in Prices, 1879-97 --$tCHAPTER 4. Gold Inflation and Banking Reform, 1897-1914 --$tCHAPTER 5. Early Years of the Federal Reserve System, 1914-21 --$tCHAPTER 6. The High Tide of the Reserve System, 1921-29 --$tCHAPTER 7. The Great Contraction, 1929-33 --$tCHAPTER 8. New Deal Changes in the Banking Structure and Monetary Standard --$tCHAPTER 9. Cyclical Changes, 1933-41 --$tCHAPTER 10. World War II Inflation, September 1939-August 1948 --$tCHAPTER 11. Revival of Monetary Policy, 1948-60 --$tCHAPTER 12. The Postwar Rise in Velocity --$tCHAPTER 13. A Summing Up --$tAPPENDIXES --$tAPPENDIX A. Basic Tables --$tAPPENDIX B. Proximate Determinants of the Nominal Stock of Money --$tDirector's Comment /$rHettinger, Albert J. --$tAuthor Index --$tSubject Index 330 $aWriting in the June 1965 issue of theEconomic Journal, Harry G. Johnson begins with a sentence seemingly calibrated to the scale of the book he set himself to review: "The long-awaited monetary history of the United States by Friedman and Schwartz is in every sense of the term a monumental scholarly achievement--monumental in its sheer bulk, monumental in the definitiveness of its treatment of innumerable issues, large and small . . . monumental, above all, in the theoretical and statistical effort and ingenuity that have been brought to bear on the solution of complex and subtle economic issues." Friedman and Schwartz marshaled massive historical data and sharp analytics to support the claim that monetary policy--steady control of the money supply--matters profoundly in the management of the nation's economy, especially in navigating serious economic fluctuations. In their influential chapter 7, The Great Contraction--which Princeton published in 1965 as a separate paperback--they address the central economic event of the century, the Depression. According to Hugh Rockoff, writing in January 1965: "If Great Depressions could be prevented through timely actions by the monetary authority (or by a monetary rule), as Friedman and Schwartz had contended, then the case for market economies was measurably stronger." Milton Friedman won the Nobel Prize in Economics in 1976 for work related to A Monetary History as well as to his other Princeton University Press book, A Theory of the Consumption Function (1957). 410 0$aStudies in business cycles ;$v12. 606 $aMoney$zUnited States$xHistory 606 $aCurrency question$zUnited States$xHistory 606 $aMonetary policy$zUnited States$xHistory 615 0$aMoney$xHistory. 615 0$aCurrency question$xHistory. 615 0$aMonetary policy$xHistory. 676 $a332.4973 700 $aFriedman$b Milton$f1912-2006.$0101807 701 $aSchwartz$b Anna J$g(Anna Jacobson),$f1915-2012.$0120103 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910791066903321 996 $aMonetary history of the United States$92902068 997 $aUNINA