The behavior of the Federal Reserve in the early years of the Great Depression was the theme of considerable debate. Fed, it was felt persecuted contracting policies, thus helping to turn what could have been a brief downturn in economic disaster. This case examines the reasons for the behavior of the Fed, showing students how the existing institutional values may be inappropriate to new situations. "Hide
by Michael G. Rukstad, Daniel A. Pope Source: Harvard Business School 9 pages. Publication Date: Dec 07, 1983. Prod. #: 384115-PDF-ENG
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