The Recession of 1937-38

@article{Roose1948TheRO,
  title={The Recession of 1937-38},
  author={Kenneth D. Roose},
  journal={Journal of Political Economy},
  year={1948},
  volume={56},
  pages={239 - 248}
}
ERE are several reasons why the recession of I937-38 is of special I interest. First, it was the last major fluctuation in business activity before World War II. Second, most of the new control agencies which came with the New Deal were in operation by I937, SO that this recession was the first one that could provide evidence of their effects. Third, the statistical series and data, while not entirely satisfactory, are more extensive and better than for any prior period. Good summaries of the… Expand
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