Bernanke, Ben, and Harold James, The Gold Standard, Deflation, and Financial Crisis in the Great Depression: An International Comparison, in R. Glenn Hubbard, Financial Markets and Financial Crises, Chicago: University of Chicago Press for NBER, 1991.
Definition of PHENOLIC RESIN. : any of various usually thermosetting resins of high mechanical strength and electrical resistance that are made by condensation of a phenol with an aldehyde (as formaldehyde), are characterized generally by resistance to water, acids, and organic solvents, and are used especially in molded, cast, or laminated ....efinition of PHENOLIC RESIN. : any of various usually thermosetting resins of high mechanical strength and electrical resistance that are made by condensation of a phenol with an aldehyde (as formaldehyde), are characterized generally by resistance to water, acids, and organic solvents, and are used especially in molded, cast, or laminated ....
Prior to the mid 1980s, a large percentage of phenolic plastic molding compounds contained asbestos. Asbestos is known to cause mesothelioma, lung cancer and other asbestos-related diseases. Phenolic plastic (phenol-aldehyde resin) is considered to be the foundation of the plastic molding industry.