Great Contraction

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The Great Contraction is Milton Friedman's term for the Great Depression.

Friedman labelled it thus because he believed that the depression lasted so long due to the Federal Reserve's mismanagement. He argued that the reserve contracted the monetary supply dramatically, prolonging the Depression, which Friedman claims could have been over by 1931.

This economics or finance-related article is a stub. You can help Wikipedia by expanding it.

Retrieved from "http://en.wikipedia.org../../../g/r/e/Great_Contraction_f512.html"

Categories: Orphaned articles from September 2006 | All orphaned articles | Great Depression | Economics and finance stubs

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• This page was last modified 16:59, 5 April 2007 by Wikipedia user SmackBot. Based on work by Wikipedia user(s) MarshBot, RJFJR, Hooperbloob, Nikodemos, Zenosparadox and Infrogmation.
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