Description: 1930 Baltimore MD newspaper with a Long front page editorial by William Randolph Hearst on the CAUSES FOR THE GREAT DEPRESSION beginning in Oct 1929 - inv # 6M-322 SEE PHOTO----- COMPLETE, ORIGINAL NEWSPAPER, the Baltimore News (MD) dated Oct 9, 1930. This newspaper contains a prominent front page heading: "Over-Capitalization Cause of (Great) Depression says W. R Hearst" with a long detailed editorial written by newspaper publisher WILLIAM RANDOLPH HEARST giving his view of the CAUSE of the (then-raging) GREAT DEPRESSION. Quite interesting that Hearst explained "over-capitalization" as the cause of the Great Depression when economists in general believed that it was the OPPOSITE (UNDER-capitailzation). The causes of the Great Depression in the early 20th Century are a matter of active debate among economists, and are part of the larger debate about economic crisis, although the common belief is that the Great Depression was triggered by the 1929 crash of the stock market. The specific economic events that took place during the Great Depression have been studied thoroughly: a deflation in asset and commodity prices, dramatic drops in demand and credit, and disruption of trade, ultimately resulting in widespread unemployment and hence poverty. However, historians lack consensus in determining the causal relationship between various events and the government economic policy in causing or ameliorating the Depression. The initial stock market crash triggered a "Panic Sell-off" that made the stock market go even lower. Current theories may be broadly classified into two main points of view and several heterodox points of view. First, there are demand-driven theories, from Keynesian and Institutional economists who argue that the depression was caused by a widespread loss of confidence that lead to underconsumption. The demand-driven theories argue that the financial crisis following the 1929 crash led to a sudden and persistent reduction in consumption and investment spending. Once panic and deflation set in, many people believed they could avoid further losses by keeping clear of the markets. Holding money therefore became profitable as prices dropped lower and a given amount of money bought ever more goods, exacerbating the drop in demand. Second, there are the monetarists, who believe that the Great Depression started as an ordinary recession, but that significant policy mistakes by monetary authorities (especially the Federal Reserve), caused a shrinking of the money supply which greatly exacerbated the economic situation, causing a recession to descend into the Great Depression. Related to this explanation are those who point to debt deflation causing those who borrow to owe ever more in real terms. There are also various heterodox theories that reject the explanations of the Keynesians and monetarists. Some new classical macroeconomists have argued that various labor market policies imposed at the start caused the length and severity of the Great Depression. The Austrian school of economics focuses on the macroeconomic effects of money supply and how central banking decisions can lead to malinvestment. Marxian economists view the Great Depression, with all other economic crises, as a symptom of the classism and instability inherent in the capitalist model. I have 8 different daily editions issues of this newspaper from Oct 9, 1930 with the same editorial on the front page (with slightly different headlines of the major news story on each of the 8 editions). Good condition. This listing includes the complete entire original newspaper, NOT just a clipping or a page of it. STEPHEN A. GOLDMAN HISTORICAL NEWSPAPERS stands behind all of the items that we sell with a no questions asked, money back guarantee. Every item we sell is an original newspaper printed on the date indicated at the beginning of its description. U.S. buyers pay priority mail postage which includes waterproof plastic and a heavy cardboard flat to protect your purchase from damage in the mail. International postage is quoted when we are informed as to where the package is to be sent. We do combine postage (to reduce postage costs) for multiple purchases sent in the same package. We list thousands rare newspapers with dates from 1570 through 2004 on Ebay each week. This is truly SIX CENTURIES OF HISTORY that YOU CAN OWN! Stephen A. Goldman Historical Newspapers has been in the business of buying and selling historical newspapers for over 45 years. Dr. Goldman is a consultant to the Freedom Forum Newseum and a member of the American Antiquarian Society. You can buy with confidence from us, knowing that we stand behind all of our historical items with a 100% money back guarantee. Let our 45+ years of experience work for YOU ! We have hundreds of thousands of historical newspapers (and their very early precursors) for sale.
Price: 10 USD
Location: Oxford, Maryland
End Time: 2024-11-29T17:53:36.000Z
Shipping Cost: N/A USD
Product Images
Item Specifics
Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
