John Maynard Keynes, in the early 1930s, attributed the crisis to the impact of changes in Federal Reserve monetary policy. ... Nobel Laureat and University of Chicago emeritus economist Milton Friedman and his collaborator, Anna Schwartz, in A Monetary History of the United States, 1867 - 1960 also emphasize the role of Federal Reserve policy and the impact of specific monetary shocks to the financial system. ... Furthermore, a large number of scholars, both at the time of the depression and more recently, have given a central role in their interpretations of the causes to international tra...

• Word Count: 1109
• Approx Pages: 4
• Grade Level: Undergraduate