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{{Short description|Book by Murray Rothbard}} {{about|the book|the Great Depression as it took place in the United States|Great Depression in the United States}} {{Infobox book | name = America's Great Depression | title_orig = | translator = | image = AmericasGreatDepression.jpg | caption = First edition | author = [[Murray Rothbard]] | illustrator = | cover_artist = | country = United States | language = English | series = | subject = [[Economic history]] | genre = | publisher = [[David Van Nostrand|Van Nostrand]] | pub_date = 1963 | english_pub_date = | media_type = Print | pages = 361 | isbn = | oclc = 173706 | dewey = | congress = | preceded_by = | followed_by = }}{{Third-party|date=May 2023}} '''''America's Great Depression''''' is a 1963 treatise on the 1930s [[Great Depression]] and its root causes, written by [[Austrian School]] economist [[Murray Rothbard]]. The book blames government policy failures for the Great Depression, and challenges the widely-held view that [[capitalism]] is unstable.<ref>{{Cite book |last=Kaldis |first=Byron |title=Encyclopedia of Philosophy and the Social Sciences |publisher=[[SAGE Publications]] |year=2013 |isbn=9781506332611 |location=United States |pages=44}}</ref> ==Summary== Rothbard argues that it was the [[Economic interventionism|interventionist]] policies of the [[Herbert Hoover]] administration which magnified the duration, breadth, and intensity of the Great Depression.<ref>{{cite web |last1=Rothbard |first1=Murray |title=Herbert Hoover's Depression |url=https://archive.lewrockwell.com/rothbard/rothbard184.html |website=LewRockwell.com |publisher=LewRockwell.com |access-date=11 January 2024}}</ref> Rothbard explains the [[Austrian Business Cycle Theory|Austrian theory of the business cycle]], which holds that government manipulation of the money supply sets the stage for the familiar "[[Boom and bust|boom-bust]]" phases of the modern market. He then details the [[inflation]]ary policies of the [[Federal Reserve]] from 1921 to 1929 as evidence that the depression was essentially caused not by [[speculation]], but by government and central bank interference in the market.{{Third-party inline|date=June 2023}} ==Publishing history== * 1st Edition: Princeton, N.J.: D. Van Nostrand, 1963. Hardcover. 361 pages. * 2nd Edition: Menlo Park, California: [[Institute for Humane Studies]], 1972. 361 pages. {{ISBN|0-8402-5003-7}}. * 3rd Edition: New York: New York University Press. Co-sponsored by [[Institute for Humane Studies]]. 1975. Paperback. 361 pages. {{ISBN|0-8362-0647-9}}. Hardcover {{ISBN|0-8362-0634-7}}. * 4th Edition: New York: Richardson & Snyder/E.P. Dutton. 1983. Hardcover. 361 pages. {{ISBN|0-943940-03-6}}. * 5th Edition: Auburn, Ala.: [[Ludwig von Mises Institute]], June 15, 2000. Hardcover. 368 pages. {{ISBN|0-945466-05-6}}. (With an introduction by [[Paul Johnson (writer)|Paul Johnson]]) ==References== <references /> ==External links== * [https://wiki.mises.org/wiki/America's_Great_Depression ''America's Great Depression''] at Mises Wiki * [https://mises.org/library/book/americas-great-depression ''America's Great Depression'': Complete Text in HTML format] [https://www.mises.org/rothbard/agd.pdf (also in PDF format)] {{Rothbard books}} [[Category:1963 non-fiction books]] [[Category:Books by Murray Rothbard]] [[Category:Non-fiction books about the Great Depression]]
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