Crisis at Home and Abroad: the Great Depression, World War II, and beyond, 1929-1959. City: Mason Crest Publishers, 2005. Safarian, A.E. The Canadian Economy in the Great Depression. 1970.
"The Slide to Protectionism in the Great Depression: Who Succumbed and Why? ", July 2009. Web. 7 Sept. 2015. http://www.nber.org/papers/w15142 Kehoe, Timothy J. and Edward C. Prescott. Great Depressions of the Twentieth Century, 2007 Morley, Felix.
Pitzer, Matt. "The Case Against Goldman Sachs." Last modified 04/21/2010. Accessed October 5, 2011. http://www.business.missouri.edu/ifmprogram/reports/2010WS/GS.doc Archibald, Robert, and David Feldman. "Investment during the Great Depression: Uncertainty and the Role of the Smoot-Hawley Tariff."
The Federal Reserve, the central banking system of the United States, was created on December 23, 1913, with the enactment of the Federal Reserve Act, primarily in response to a series of financial panics in 1907. The Fed had being in existence for 15 years before the stock market crush in 1929. It was the most devastating market crush in the history of the United States and signaled the beginning of a decade long Great Depression that affected all Western industrialized countries . The primary responsibility of the Federal Reserve was to act as a “lender of last resort”. Essentially, the Federal Reserve was to lend money to private banks in times of crisis.
“Stock Market Crash (1929).” Encyclopedia of the Great Depression. Robert S. McElvaine ed. Vol. 2. New York: Macmillan Reference USA, 2004.
(2003). Bank Failures. Retrieved February 29, 2012, from Farming in the 1930s: http://www.livinghistoryfarm.org/farminginthe30s/money_08.html Kindlerberger, C. P. (1986). The World in Depression, 1929-1939. Los Angeles: University of California Press.
The 1920s were a time of luxury and economic stability in the United States, that is, until the day the stock market crashed and the country was plummeted in to a time of misery and uncertainty called the Great Depression. The ten year span from 1929 until 1939 is one of the worst episodes the United States has ever experienced; it held a great shortage in the money supply, massive unemployment, and despair and doubt for all of the people who lived through it. Frederick Lewis Allen’s book Since Yesterday: the 1930s in America gives a wonderful depiction of exactly what went on during this period of time in the United States, it explains what everyday life was like for the common people and gives the precise reasons for what started and ended the Great Depression. Since Yesterday is a marvelous book that describes what happened every step of the way during the depression. “…if we are to understand the changes in American life during the nineteen-thirties, we must first recall what things were like before this period began--before the Panic which introduced the Depression.