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Case
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Reference no. 9-384-115
Published by: Harvard Business Publishing
Originally published in: 1983
Version: 24 March 1999
Length: 9 pages
Data source: Published sources

Abstract

The behavior of the Federal Reserve System during the early years of the Great Depression has been a topic of considerable controversy. The Fed, it has been argued, pursued a contracting policy, thereby helping to turn what might have been only a brief recession into an economic catastrophe. This case explores the reasons behind the Fed's behavior, showing students how existing institutional values may be inappropriate to novel situations.
Location:
Other setting(s):
1931

About

Abstract

The behavior of the Federal Reserve System during the early years of the Great Depression has been a topic of considerable controversy. The Fed, it has been argued, pursued a contracting policy, thereby helping to turn what might have been only a brief recession into an economic catastrophe. This case explores the reasons behind the Fed's behavior, showing students how existing institutional values may be inappropriate to novel situations.

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Location:
Other setting(s):
1931

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