1. Avoiding Another Financial Crisis
From fall of 1930 till the winter of 1933 American economy experienced 5 widespread banking panics and finally in the march of 1933 president Roosevelt declared it a "bank holiday ". ... According to the monetarists Milton Friedman, Anna Schwartz and current chairman of Federal Reserve System Ben Bernanke at the time of Great Depression American central bank's policy making was really poor and it unwind loop of the crisis even more dramatically. ... If we make comparison in history of American economy the credit condition was never this much poor like they poor today except the period of ...
- Word Count: 1664
- Approx Pages: 7
- Has Bibliography
- Grade Level: Undergraduate