International Relations Between the United Blacker, Coit D., and Duffy, Gloria. International Arms Control, 3rd ed. Stanford, California: Stanford University Press, 1990. Expectations in the 1920s and 1930s were the manifestation of confidence levels on the part of economic participants. The market crash of 1929, and subsequent ineffectual responses by the Hoover Administration crippled confidence, and led to extreme negativism in expectations for the economy. Negative expectations did not cause The Great Depression. Negative expectations, however, did play a major role in the determination of both the length and the severity of that economic downturn. Taylor, T. (Ed.). Approaches and Theory in International Relations, 4th ed. London: Macmillan Publishers, 1990. |