lec_19_111B - ECN 111B US Economic History since the ECN...

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Lecture 19 Lecture 19 WW I and the 1920s: Prelude to Great WW I and the 1920s: Prelude to Great Depression Depression ECN 111B: US Economic History since the ECN 111B: US Economic History since the Civil War Civil War Winter 2010 Winter 2010
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Lecture 19 Outline Lecture 19 Outline The Economics of World War I The Economic Consequences of World War I The Peace as a botched job US as a global financial center Aggregate supply shifts The Federal Reserve and Monetary Policy in the 1920s Consumers in the 1920s Labor in the 1920s
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Midterm 2 Friday 26 Feb. Midterm 2 Friday 26 Feb. Your second midterm will be next Friday. There will be 5 multiple choice questions 1 problem with very short-answers 1 short-answer question Review (in order of importance) Trade, the quantity equation of money, finance, farmers, robber barons Remember: we grade on a curve! The mean will likely be higher than last time!
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KEY Readings for Today’s KEY Readings for Today’s Lecture Lecture Essential Reading: Walton and Rockoff ch. 21 & beginning of ch. 22 Suggested Reading Atack and Passell ch. 20
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World War I: Major Impacts World War I: Major Impacts Government Furthered the role of the public sector in the economy
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