Paper presentation of Carlson, Mark, Kris James Mitchener, and Gary Richardson. “Arresting Banking Panics: Federal Reserve Liquidity Provision and the Forgotten Panic of 1929.” Journal of Political Economy 119, no. 5 (2011): 889–924. Presented Feb 19, 2013

1. Carlson,
Mitchener &
Richardson

2. :
9 million
orange
trees
total
Orange Trees
(Florida 1929)
> 200,000 trees
> 1 million trees

3. :
$46
million
revenue
Fruit revenues
(Florida 1929)
$1-2 million
$2-5 million
> $10 million

4. Fruit Fly Infestation
Quarantine Zones
only Zone 2 (9 miles)
Zone 2 and Zone 1 (1 mile)
Original infestation discovery

5. Bank Suspensions

9. +4