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Article
Uncontrolled Land Development and the Duration of the Depression in the United States
Economics
  • Alexander J. Field, Santa Clara University
Document Type
Article
Publication Date
12-1-1992
Publisher
Economic History Association / Cambridge University Press
Disciplines
Abstract
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.
Citation Information
Field, Alexander J. 1992. "Uncontrolled Land Development and the Duration of the Depression in the United States," Journal of Economic History 52 (December): 785-805. https://doi.org/10.1017/S0022050700011906