The Review of Economics and Statistics Vol. 12 No. 1 1930
The Money Market in 1929
Abstract
THE year I929 carried to a culmination a number of money market movements. Money rates reached high levels and declined. The gold movement, stock prices, brokers' loans, and Federal Reserve policy all changed their direction of movement. The turning point in each case came in the autumn of the year within the span of a relatively few weeks. While the central event of this period of change was a severe decline in stock prices, it would be over-simplifying the picture to ascribe all of the other changes to this stock market reversal. A number of the other changes in fact preceded the stock market change. An orderly account of the year in the money market requires a sequential description of various phases of the market.
- DOI
- 10.2307/1926706
- Volume
- 12
- Issue
- 1
- Pages
- 15
- Sources
- openalex crossref