Chapter

The Theory and Practice of Induced Depression

Mark Metzler

in Lever of Empire

Published by University of California Press

Published in print March 2006 | ISBN: 9780520244207
Published online March 2012 | e-ISBN: 9780520931794 | DOI: http://dx.doi.org/10.1525/california/9780520244207.003.0009
The Theory and Practice of Induced Depression

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This chapter notes that Inoue Junnosuke's policies were part of a worldwide stabilization movement in which Morgan and Company institutionally and Thomas W. Lamont personally played a leading role. The central place of American finance stands out as a novel feature of the times, and the stabilization programs carried out around the world under Morgan and Company auspices form the prehistory of the stabilization policies of the IMF in more recent times.

Keywords: Morgan and Company; Thomas W. Lamont; Inoue Junnosuke; American finance; stabilization programs; IMF

Chapter.  7149 words.  Illustrated.

Subjects: Asian History

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