An examination of the arguments presented by Charles Kindleberger in his book "The World Depression: 1929-1939". He argues that extent of Great Depression was due to British inability and U.S. unwillingness, to assume responsibility for stabilizing the in
Written in 1992; 2,925 words; 12 sources; $ 103.95
From the Paper:
"The Role of Political Factors in the Severity of the Great Depression
Charles Kindleberger, in The World in Depression: 1929-1939, has essentially argued that there is no single explanatory cause for the Great Depression. However, he has stressed the fact that the reason the 1929 downturn was so wide, so deep, and so long was because the international economic system was rendered unstable due to British inability and U.S. unwillingness to assume responsibility for stabilizing it (Kindleberger, 1973, pp. 291-308). Thus, Kindleberger introduces into the cauldron of conflicting interpretations of the causes of the Great Depression the international political dimension: the appropriate leadership role of a great nation in..."
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