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 ....
Bakelite was cheap, strong, and durable. It was molded into thousands of forms, such as radios, telephones, clocks, and, of course, billiard balls. Phenolic plastics are still in widespread use. For example, some electronic circuit boards are made of sheets of paper or cloth impregnated with phenolic resin.