265 29 1 1. 1 19 5 6 4 2 ) 48 21 63 16 51 17 64 10 49 12 67 10 42 15 49 13 49 13 48 13 54.7 59.3 56.7 57.5 65.3 85.1 59.9 63.4 64.0 64.6 45.3 40.7 43.3 42.5 34.7 14.9 40.1 36.6 36.0 35.4 1854 1938 1854 1938 1865 1939 1879 1932 1886 1935 1945 2001 1950 2003 1950 2003 1950 2003 1950 2002 Burns & Mitchell 3 1514. NBER.
30 266 57 3 48 67 50 40 54.7 85.1 10 1 2 8 1 1960 1980 1990 8 10 4
267 31 1. 2 150 35 37 1 41 1 50 60 1 Mitchell 10.
1868 32 268 57 3 1750 1750 1800 1800 1851 1900 56.0 52.0 54.0 52.0 21.9 47.3 55.9 60.5 55.3 24.7 1751 1800 43.9 42.0 1801 1850 54.0 56.0 53.1 57.1 1901 1945 33.3 37.8 35.6 20.0 26.7 48.0 58.6 65.7 60.0 27.9 1946 2004 13.5 3.4 23.7 22.0 35.6 1985 2004 15.0 5.0 50.0 35.0 70.0 Mitchell 11 IMF 50 50 20 4 200 10
269 33 Michell 11 3.4 10 20 1970 2
34 270 57 3 2. 1980 2 1985 2004 70 50 35 1990 10 1980 2 Keynes 6.
271 35 BRICs 2 2. 1 1 5 30 19 1930 The Great Depression 2 1990 3
36 272 57 3 (1873 1896) (1929 1938) (1991 2002) 3 2 3 269 22 107 9 131 11 176 57 66 65.4 53.3 50.4 41.5 20.4 13.3 1 2 1929 33 1937 38 1990 10
273 37 60. 4 1981 2001 3. 3 1840 70 1847 73 4 3 2 1872 1895 4 3 Berry 2. 4 Mandel 9.
38 274 57 3 Burns & Mitchell 3 1861 65 1869 1870 71 1873 1873 79 80 65 4
275 39 1873 96 1873 96 60.4 57.7 65.6 72.1 71.8 1873 96 69.6 68.0 73.9 78.3 1873 96 41.5 48.8 43.1 40.0 35.0 1 1873 79 17.7 33.8 18.7 32.5 2 1882 87 22.9 24.1 23.3 17.2 3 1890 96 17.4 17.0 18.0 16.7 1873 96 57.6 146.7 47.0 92.3 1873 96 5.9 68.0 10.2 31.6 1873 96 55.2 1.9 177.4 4.5 48.3 1.7 68.8 2.3 2 1 2 3 1879 1873 79 1880 96 4 7 60 70 70 80 1873 96 23 4 7 40 3 30 17 18 50 2.5 2
40 276 57 3 GDP 2.8 4.5 5 3 200 1.9 GDP 1873 96
277 41 5 4 4. 1 1920 1920 1921 3 2 1920 1914 20 1929 10 3 1920 1924 25 10 5 Beaud 1.
42 278 57 3 1927 29 1929 10 24 4. 2 1931 84.2 10 68.3 40.
279 43 50 1929 6 20 4. 3 17 19 2 29 10 20 30 30 6 Kindleberger 7.
44 280 57 3 46.1 29.7 46.0 32.6 69.5 3.2 24.9 11.2 5.5 10.8 27.2 49.9 7.3 15.6 41.0 14.6 26.0 45.1 68.8 (10 470) 39.5 22.6 39.2 32.0 69.0 4.3 30.1 19.4 3.3 32.5 43.2 4.3 6.8 30.4 12.1 19.5 21.3 35.3 6.2 19.7 25.7 22.5 38.3 17.0 65.3 (182 406) 25.7 7.9 36.5 44.0 56.7 1.7 23.5 43.1 30.1 34.0 30.8 1.7 19.3 11.9 2.6 15.2 25.5 32.8 13.7 31.7 22.0 4.1 21.7 18.1 30.7 ( 2 17) 29.2 6.6 14.4 38.1 64.6 (301 1019) 27.9 12.5 17.2 40.2 64.5 5.6 32.7 n.a. 14.6 12.1 13.1 38.9 (3 52) 11.8 8.0 23.1 20.8 37.9 15.4 33.4 18.5 9.2 13.2 28.3 47.7 10.6 23.7 19.8 4.9 37.8 37.3 62.4 1.8 13.2 n.a. 10.4 29.3 n.a. 61.7 n.a. n.a. 2 GDP Maddison 8 5 1 1928 35 2 3 n.a. 60 60 3 4 1929
281 45 10.4 12.8 4. 4 1937 NBER 1933 3 43 1873 79 65 3 1934 36 1936 1937 1936 1 1937 38 20 1937 38 13 44 33 1.8
46 282 57 3 2 7 1937 38 1929 33 2 1930 4 2 1937 1929 39 1929 10 8 5. 1 5 1990 3 2 1919 20 1972 73 2 7 Moore 13. 8 Galbraith 4.
283 47 1 1987 91 5 10 1985 9 1 1987 1991 4 1 250 1988 120 1987 88 2 5. 2 57 51
48 284 57 3 1991 2 1989 90 5 2.5 6.0 1990 4 1990 1 2003 15 2005 70 50 1985 1986 90 5 1 1986 89 1991 GDP 1985 1,350 570 1,920 GDP
285 49 GDP GDP 1985 1,003 242 3.13 0.75 73 34 22.8 10.5 1986 1,257 375 3.75 1.12 251 121 74.8 36.2 1990 2,455 890 5.56 2.22 226 194 51.0 48.4 1991 2,275 506 4.85 1.08 184 18 39.2 2.8 1992 2,063 366 4.28 0.76 216 141 44.9 29.2 2002 1,370 379 2.75 0.76 77 8 15.4 1.6 2003 1,299 480 2.61 0.96 76 108 15.2 21.7 1986 1990 1,350 1986 1989 570 1991 2003-1,210 1990 2002-474 17 1 2 1989. 1972 73 2 200 10 1,210 474 2002 2002 GDP 0.76 1985 (0.75) GDP 1985 5. 3
50 286 57 3 CI CI CI 1 1990 1997 2000 1991 CI period of depressed activity 9 1993 97 1999 2000 9 Moore 12.
287 51 2002 10 3 1991 93 2002 1 10
52 288 57 3 1 Beau d M., (1981) Histoire du Capitalisme : Editions du Seuil. 1500-1995 1996, pp.208-209. 2 Berr y B. J. L., (1991) Long-Wave Rythms in Economic Development and Political Behavior :The Johns Hopkins University Press. 1995. 3 Burn s A. F. and W. Mitchell, (1946) Measuring Business Cycles : National Bureau of Economic Research. 4 Galb raith J. K., (1955) The Great Crash 1929 : Hough Mifflin Company. 1988, p.258.) 5 Hilg erdt F., (1945) Industrialization and Foreign Trade : Series of League of Nations.,1979. 6 Keyn es, J. M., (1923) A Tract on Monetary Reform : Macmillan. 9 1981, p.88. 7 Kind leberger C. P., (1973) The World in Depression 1929-1939 : University of California Press. 1929-1939 1982, p.264. 8 Madd ison, A., (1995) Monitoring the World Economy 1820-1992 : OECD. 1820 1992 2000. 9 Mand el E., (1980) Long Wave of Cpitalist Development : Cambridge University Press.,1990. 10 Mitchell, W. C., (1927) Business Cycles : The Problem and Its Setting : NBER, p.309. 11 Mitc hell, B. ed., (1998) International Historical Statistics : Macmillan Reference Ltd. 1 2 3 2001 2002. 12 Moore, G. H., (1958) Measuring Recessions, Occasional Paper 61 : NBER. 13, ed. (1961) Business Cycles Indicators,Vol. : Princeton University Press. 141961 15 1930
289 53 The Doshisha University Economic Review Vol.57 No.3 Abstract Shoji TAHARA, Three Great Depressions in the World on Business Cycle History This paper examines the following phases of three great depressions in the world on business cycle history: the periodicity of business cycle seen from a historical point of view and differences in price variation between the prewar deflationary depression and the postwar inflationary depression. In addition, the forms and characteristics of three world major depressions depression in Europe and America, the Great Depression, and the Heisei depression are analyzed with a comment that a great depression consists of the plural number of regression and is caused by the outbreak and breakdown of bubble economy, an occurrence which has been seen at intervals of several decades.