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The Great Depression (1929–1939) was a severe global economic downturn that affected many countries across the world. It became evident after a sharp decline in stock prices in the United States, leading to a period of economic depression. The economic contagion began around September 1929 and led to the Wall Street stock market crash of 24 October. This crisis marked the start of a prolonged period of economic hardship characterized by high unemployment rates and widespread business failures.
Christina Duckworth Romer is the Class of 1957 Garff B. Wilson Professor of Economics at the University of California, Berkeley and a former chair of the Council of Economic Advisers in the Obama administration. She resigned from her role on the Council of Economic Advisers on September 3, 2010.
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References
- 1 2 3 Keuffel, Ken (11 March 2009). "On the Money: When Robert Whaples, an economics professor at Wake Forest University, speaks, people listen". Winston-Salem Journal. Retrieved 14 November 2015.
- ↑ "Robert M. Whaples". Independent Institute. Retrieved 15 November 2015.
- 1 2 "Robert Whaples". Wake Forest University. Retrieved 14 November 2015.
- ↑ "Professor's research supports eliminating penny". Wake Forest University. 18 July 2006. Archived from the original on 1 December 2006. Retrieved 15 November 2015.
- ↑ Bandyk, Matthew (11 April 2008). "Did the New Deal Work?". U.S. News & World Report. Retrieved 15 November 2015.
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