A Monetary History Of The United States, 1867-1960 May 2026

Today, the book is available in various formats, with Paperback editions and eBooks typically priced between $50 and $75.

Changes in the money supply profoundly influence the economy's behavior, including fluctuations in income and prices. A Monetary History of the United States, 1867-1960

The book's most famous section, Chapter 7 (often published separately as The Great Contraction ), reinterpreted the Great Depression. Today, the book is available in various formats,

The inflationary impact of wartime financing and the eventual revival of independent monetary policy in the 1950s. Intellectual Legacy A Monetary History of the United States, 1867-1960

They utilized a "narrative approach," analyzing nearly a century of historical data to show that changes in money often preceded changes in economic activity, rather than just reacting to them. "The Great Contraction": A New History of the Depression