[Review] A Monetary History of the United States, 1867-1960 (Milton Friedman) Summarized.

[Review] A Monetary History of the United States, 1867-1960 (Milton Friedman) Summarized.
9Natree
[Review] A Monetary History of the United States, 1867-1960 (Milton Friedman) Summarized.

Sep 07 2026 | 00:07:36

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Episode • September 07, 2026 • 00:07:36

Show Notes

A Monetary History of the United States, 1867-1960 (Milton Friedman)

- Amazon USA Store: https://www.amazon.com/dp/0691003548?tag=9natree-20
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#moneysupplyandbusinesscycles #GreatDepressionandtheGreatContraction #FederalReservefailure #monetaristeconomichistory #bankingpanicsanddeflation #AMonetaryHistoryoftheUnitedStates18671960

A Monetary History of the United States, 1867–1960 is a foundational work in economic history and monetary economics by Milton Friedman and Anna Schwartz. First published in 1963, it examines nearly a century of American monetary experience to show how changes in the money supply shaped output, prices, banking stability, and major business cycle movements. The book is not a general narrative history; it is a data-driven analysis of monetary regimes, central banking, and financial disturbances in the United States from the post-Civil War period through the early postwar era. Its most famous contribution is the argument that monetary policy played a decisive role in the severity of the Great Depression, especially through the failure to prevent the collapse of the banking system and the contraction of money in the early 1930s. Because of its scale, evidence, and policy implications, the book became one of the most influential texts in twentieth-century economics.

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