Last refreshed at 0600GMT Friday The best five books on everything | 30 July 2010

Monetary History of the United States, 1867-1960

Milton Friedman, Anna Jacobson Schwartz
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This book looks at the monetary financial situation that is at the core of the Great Depression crisis and also the current situation. So they focus on the role of the monetary authority and the banking panics, and you can fit into that the legislative changes--particularly under Franklin Roosevelt--some of which helped the situation. The most important of those was the introduction of deposit insurance in 1934, with the Federal Deposit Insurance Corporation.