Uncontrolled Land Development and the Duration of the Depression in the United States
研究了两次世界大战期间美国建筑业扩张、崩溃及未能复苏对总体经济活动的影响,指出1920年代无规划的建筑热潮和未受管制的土地开发遗留问题阻碍了1930年代的经济复苏。
Aggregate economic activity was heavily influenced by the construction sector's expansion, collapse, and failure to revive during the interwar years. The 1920s building boom was the first to respond to the potential of the automobile and the last to be largely unplanned. Its uncoordinated character slowed the growth of full employment output toward the end of the 1920s. The physical and legal detritus of unregulated land development posed continuing obstacles to recovery during the second half of the 1930s.