A monetary history of the United States, 1867-1960 Anna Jacobson Schwartz, Milton Friedman
Publisher: PUP

A Monetary History of The United States: 1867-1960. Of commercial bank deposits and currency held by the public, which is the definition of M2 money supply used by Milton Friedman and Anna J. Princeton: Princeton University Press. Princeton University Press, Princeton, 1963. To her credit, she does acknowledge earlier in the piece the work of Milton Friedman and Anna Schwartz whose “A Monetary History of the United States, 1867-1960” put the blame squarely on monetary policy. Let's take a look at just how nonsensical Depression comparisons . Friedman, Milton and Anna Jacobson Schwartz. The statistics back then are sketchy and annual only—not to mention the country was in monetary disarray after the Civil War, we had no central bank, let alone fiscal strategy, and the US was itself an emerging market, not a developed juggernaut. Depositors withdrew funds and hoarded cash, .. A monetary history of the United States, 1867-1960. Last and least is A Monetary History of the United States, 1867 – 1960 by Milton Friedman and Anna J. Monetary statistics of the United States: estimates, sources, and methods. But one striking historical case, from the early history of the United States, dramatically contradicts this common presupposition. Economic history were generally marked by widespread bank runs as depositors lost confidence in large segments of the banking system.2 Such was the case in the Panics of 1837, 1857, 1873, 1893, and 1907. Milton Friedman and Anna Schwarz (1963), A Monetary History of the United States, 1867-1960 (Princeton: Princeton University Press).