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SUMMARY:Saved by the British Empire: how the US escaped the Great Depressi
 on - Cristiano Ristuccia (Cambridge)
DTSTART:20160606T120000Z
DTEND:20160606T130000Z
UID:TALK65648@talks.cam.ac.uk
CONTACT:31344
DESCRIPTION:This paper presents a new set of data on installed machine-too
 ls in the metalworking sector that goes a long way towards remedying the l
 ong-standing knowledge gap on the evolution of US installed capital over t
 he late 1930s and early 1940s that has crippled analyses of productivity d
 ynamics in the central part of the twentieth century.  On the basis of the
 se new data\, I challenge recent positive assessments of productivity in t
 he 1930s (Field 2011)\, and re-formulate the case for the central contribu
 tion of WW2 to the end of the Great Depression on the basis of a export-le
 d supply boom.  Yet\, by the same token\, the war-related investment effor
 t of the period 1939-1943 contributed little to the revival of the US peac
 e economy in the late 1940s.
LOCATION:Seminar Room 5\, Faculty of History
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