UNCONTROLLED LAND-DEVELOPMENT AND THE DURATION OF THE DEPRESSION IN THE UNITED-STATES

• 成果类型: Article; Proceedings Paper
• 署名作者: FIELD, AJ
• 刊物名称: JOURNAL OF ECONOMIC HISTORY
• ISSN/ISSBN: 0022-0507
• DOI: 10.1017/S0022050700011906
• 发表日期: 1992
• 页码: 785-805
• 关键词: great-depression

摘要

Aggregate economic activity was heavily influenced by the construction sector's expansion, collapse, and failure to revive during the interwar years. The 1920s building boom was the first to respond to the potential of the automobile and the last to be largely unplanned. Its uncoordinated character slowed the growth of full employment output toward the end of the 1920s. The physical and legal detritus of unregulated land development posed continuing obstacles to recovery during the second half of the 1930s.