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The 1987 US Stock Market Crash
Author(s) -
Schwartz Anna J.
Publication year - 1988
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1988.tb01542.x
Subject(s) - crash , great depression , stock market crash , recession , stock market , keynesian economics , economics , depression (economics) , economic history , history , computer science , archaeology , context (archaeology) , programming language
Will the Crash of 1987 be followed by a deep depression like the crash of 1929? Professor Anna Schwartz, who collaborated with Professor Milton Friedman in writing‘The Monetary History of the United States’, argues that the 1987 crash will only be followed by a severe recession if the Federal Reserve allows a collapse of the money supply as it did in the early 1930s.