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Promotion as the Cause of Crises

Minnie Throop England
The Quarterly Journal of Economics
Vol. 29, No. 4 (Aug., 1915), pp. 748-767
Published by: Oxford University Press
Stable URL: http://www.jstor.org/stable/1883307
Page Count: 20
Subjects: Business Economics
Find more content in these subjects: Business Economics
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Abstract

Two groups of crisis theories, 748.--Failures the chief phenomena in the crisis,749.--Promotion activity the cause of prosperity, 750.--Relation between promotion and failures, 752.--Newly-promoted concerns fail, 752.--Old concerns fail because of competition of new, 755.--All kinds fail because of inability to cope with dynamic conditions, 756.--The part of credit in the cycle, 761.--Exhaustion of loanable funds, 761.--Falling reserve ratios, or falling reserves, 762.--Gold movements before crises, 763.--Break down of credit not the main cause of crisis, 764--Crisis failures include insolvent as well as solvent concerns, 765.--Promotion the cause of crises, 766.