Your final choice is an article by Peter Temin and Barry Wigmore in the journal Explorations in Economic History . What makes “The End of One Big Deflation” so essential to understanding the end of the Great Depression? An important fact about the Depression that will resonate with people interested in the modern economy is that by 1934 interest rates in the US economy were down to zero – what economists call the zero lower bound. At that point the Federal Reserve doesn't have the option of more conventional monetary policy, like lowering interest rates further.
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