This is the Eighth Library App for Econ 331: Money and financial Institutions
This App will focus on the eighth subject dealt with in Econ 331: Money Supply and Monetary Policy to control money supply and interest rates
This Harper’s Weekly cover cartoon by Thomas Nast celebrates the passage of the Specie Resumption Act, which would return the United States to the gold standard.
Monetary policy was one of the most persistent and conspicuous issues in late-nineteenth-century American politics. During the Civil War, the federal government suspended the gold standard and began circulating paper currency (called “greenbacks”) in order to help finance the high cost of the war. For the next several decades, an often acrimonious fight was waged between “hard money” advocates who supported a return to the gold standard and “soft money” supporters who wanted to increase the money supply with more greenbacks or “free” silver (unlimited coinage).
A three minute review of the graphs that explain how an increase in the money supply by the Fed affects interest rates, autonomous investment, real GDP and price level.
A special program about the housing crisis produced in a special collaboration with NPR News. We explain it all to you. What does the housing crisis have to do with the turmoil on Wall Street? Why did banks make half-million dollar loans to people without jobs or income? And why is everyone talking so much about the 1930s?