Americas First Great Depression

Author : Alasdair Roberts
Publisher : Cornell University Press
ISBN 13 : 0801464676
Total Pages : 265 pages
Book Rating : 4.76/5 ( download)

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Download or read book America's First Great Depression written by Alasdair Roberts and published by Cornell University Press. This book was released on 2012-04-15 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: For a while, it seemed impossible to lose money on real estate. But then the bubble burst. The financial sector was paralyzed and the economy contracted. State and federal governments struggled to pay their domestic and foreign creditors. Washington was incapable of decisive action. The country seethed with political and social unrest. In America's First Great Depression, Alasdair Roberts describes how the United States dealt with the economic and political crisis that followed the Panic of 1837. As Roberts shows, the two decades that preceded the Panic had marked a democratic surge in the United States. However, the nation’s commitment to democracy was tested severely during this crisis. Foreign lenders questioned whether American politicians could make the unpopular decisions needed on spending and taxing. State and local officials struggled to put down riots and rebellion. A few wondered whether this was the end of America’s democratic experiment. Roberts explains how the country’s woes were complicated by its dependence on foreign trade and investment, particularly with Britain. Aware of the contemporary relevance of this story, Roberts examines how the country responded to the political and cultural aftershocks of 1837, transforming its political institutions to strike a new balance between liberty and social order, and uneasily coming to terms with its place in the global economy.

Author : Alasdair Roberts
Publisher : Cornell University Press
ISBN 13 : 080146420X
Total Pages : 264 pages
Book Rating : 4.01/5 ( download)

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Download or read book America's First Great Depression written by Alasdair Roberts and published by Cornell University Press. This book was released on 2012-04-17 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: For a while, it seemed impossible to lose money on real estate. But then the bubble burst. The financial sector was paralyzed and the economy contracted. State and federal governments struggled to pay their domestic and foreign creditors. Washington was incapable of decisive action. The country seethed with political and social unrest. In America's First Great Depression, Alasdair Roberts describes how the United States dealt with the economic and political crisis that followed the Panic of 1837. As Roberts shows, the two decades that preceded the Panic had marked a democratic surge in the United States. However, the nation's commitment to democracy was tested severely during this crisis. Foreign lenders questioned whether American politicians could make the unpopular decisions needed on spending and taxing. State and local officials struggled to put down riots and rebellion. A few wondered whether this was the end of America's democratic experiment. Roberts explains how the country's woes were complicated by its dependence on foreign trade and investment, particularly with Britain. Aware of the contemporary relevance of this story, Roberts examines how the country responded to the political and cultural aftershocks of 1837, transforming its political institutions to strike a new balance between liberty and social order, and uneasily coming to terms with its place in the global economy.

Author : Andrew H. Browning
Publisher : University of Missouri Press
ISBN 13 : 0826274250
Total Pages : 451 pages
Book Rating : 4.50/5 ( download)

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Download or read book The Panic of 1819 written by Andrew H. Browning and published by University of Missouri Press. This book was released on 2019-04-01 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Panic of 1819 tells the story of the first nationwide economic collapse to strike the United States. Much more than a banking crisis or real estate bubble, the Panic was the culmination of an economic wave that rolled through the United States, forming before the War of 1812, cresting with the land and cotton boom of 1818, and crashing just as the nation confronted the crisis over slavery in Missouri. The Panic introduced Americans to the new phenomenon of boom and bust, changed the country's attitudes towards wealth and poverty, spurred the political movement that became Jacksonian Democracy, and helped create the sectional divide that would lead to the Civil War. Although it stands as one of the turning points of American history, few Americans today have heard of the Panic of 1819, with the result that we continue to ignore its lessons—and repeat its mistakes.

Author : Murray N. Rothbard
Publisher : Blurb
ISBN 13 : 9780464857310
Total Pages : 372 pages
Book Rating : 4.17/5 ( download)

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Download or read book America's Great Depression written by Murray N. Rothbard and published by Blurb. This book was released on 2018-09-10 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: America's Great Depression is the classic treatise on the 1930s Great Depression and its root causes. Author Rothbard blames government interventionist policies for magnifying the duration, breadth, and intensity of the Great Depression. He explains how government manipulation of the money supply sets the stage for the familiar "boom-bust" phases of the modern market which we know all too well. He then details the inflationary policies of the Federal Reserve from 1921 to 1929 as evidence that the depression was essentially caused not by speculation, but by government and central bank interference in the market. Clearly we find history tragically repeating itself today. A must-read.

Author : Dale Maharidge
Publisher : Univ of California Press
ISBN 13 : 0520274512
Total Pages : 276 pages
Book Rating : 4.18/5 ( download)

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Download or read book Someplace Like America written by Dale Maharidge and published by Univ of California Press. This book was released on 2013-05-14 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Updated edition with a new preface and afterword"--Cover.

Author : Murray Newton Rothbard
Publisher : Ludwig von Mises Institute
ISBN 13 : 1610163702
Total Pages : 286 pages
Book Rating : 4.05/5 ( download)

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Download or read book Panic of 1819: Reactions and Policies, The written by Murray Newton Rothbard and published by Ludwig von Mises Institute. This book was released on 2007 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Walter Friedman
Publisher : Princeton University Press
ISBN 13 : 0691159114
Total Pages : 288 pages
Book Rating : 4.19/5 ( download)

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Download or read book Fortune Tellers written by Walter Friedman and published by Princeton University Press. This book was released on 2013-12-01 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: A gripping history of the pioneers who sought to use science to predict financial markets The period leading up to the Great Depression witnessed the rise of the economic forecasters, pioneers who sought to use the tools of science to predict the future, with the aim of profiting from their forecasts. This book chronicles the lives and careers of the men who defined this first wave of economic fortune tellers, men such as Roger Babson, Irving Fisher, John Moody, C. J. Bullock, and Warren Persons. They competed to sell their distinctive methods of prediction to investors and businesses, and thrived in the boom years that followed World War I. Yet, almost to a man, they failed to predict the devastating crash of 1929. Walter Friedman paints vivid portraits of entrepreneurs who shared a belief that the rational world of numbers and reason could tame--or at least foresee--the irrational gyrations of the market. Despite their failures, this first generation of economic forecasters helped to make the prediction of economic trends a central economic activity, and shed light on the mechanics of financial markets by providing a range of statistics and information about individual firms. They also raised questions that are still relevant today. What is science and what is merely guesswork in forecasting? What motivates people to buy forecasts? Does the act of forecasting set in motion unforeseen events that can counteract the forecast made? Masterful and compelling, Fortune Tellers highlights the risk and uncertainty that are inherent to capitalism itself.

Author : Marc Favreau
Publisher : Little, Brown Books for Young Readers
ISBN 13 : 031654583X
Total Pages : 256 pages
Book Rating : 4.39/5 ( download)

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Download or read book Crash written by Marc Favreau and published by Little, Brown Books for Young Readers. This book was released on 2018-04-10 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The incredible true story of how real people weathered one of the most turbulent periods in American history—the Great Depression—and emerged triumphant. From the sweeping consequences of the stock market crash to the riveting stories of individuals and communities caught up in a real American dystopia, discover how the country we live in today was built in response to a time when people from all walks of life fell victim to poverty, insecurity, and fear. Meet fascinating historical characters like Herbert Hoover, Franklin Delano and Eleanor Roosevelt, Frances Perkins, Dorothea Lange, Walter White, and Mary McLeod Bethune. See what life was like for regular Americans as the country went from the highs of the Roaring Twenties to the lows of the Great Depression, before bouncing back again during World War II. Explore pivotal scenes such as the creation of the New Deal, life in the Dust Bowl, the sit-down strikes in Michigan, the Scottsboro case, and the rise of Father Coughlin. Packed with photographs and firsthand accounts, and written with a keen understanding of the upheaval of the 1930s, Crash shares the incredible story of how America survived—and, ultimately, thrived.

Author : Murray Newton Rothbard
Publisher : Ludwig von Mises Institute
ISBN 13 : 1610161378
Total Pages : 412 pages
Book Rating : 4.74/5 ( download)

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Download or read book America's Great Depression written by Murray Newton Rothbard and published by Ludwig von Mises Institute. This book was released on 2000 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applied Austrian economics doesn't get better than this. Murray N. Rothbard's America's Great Depression is a staple of modern economic literature and crucial for understanding a pivotal event in American and world history. The book remains canonical today because the debate is still very alive. This book applies Austrian business cycle theory to understanding the onset of the 1929 Great Depression. Rothbard first summarizes the Austrian theory and offers a criticism of competing theories, including the views of Keynes. Rothbard then considers Federal Reserve policy in the 1920s, showing its inflationary character. The influence of Benjamin Strong, the Governor of the New York Federal Reserve Bank, was especially important. In part, his expansionary policy was motivated by his desire to help Britain sustain the pound. Strong was close friends with Montagu Norman, the Governor of the Bank of England. After the 1929 crash, Herbert Hoover followed an interventionist policy that prefigured the New Deal. He favored keeping wage rates high and thus contributed to rising unemployment. Against the popular stereotype, Rothbard shows that Hoover was not a partisan of laissez-faire.

Author : Kevin Starr
Publisher : Oxford University Press
ISBN 13 : 0199923566
Total Pages : 432 pages
Book Rating : 4.64/5 ( download)

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Download or read book Endangered Dreams written by Kevin Starr and published by Oxford University Press. This book was released on 1996-01-11 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: California, Wallace Stegner observed, is like the rest of the United States, only more so. Indeed, the Golden State has always seemed to be a place where the hopes and fears of the American dream have been played out in a bigger and bolder way. And no one has done more to capture this epic story than Kevin Starr, in his acclaimed series of gripping social and cultural histories. Now Starr carries his account into the 1930s, when the political extremes that threatened so much of the Depression-ravaged world--fascism and communism--loomed large across the California landscape. In Endangered Dreams, Starr paints a portrait that is both detailed and panoramic, offering a vivid look at the personalities and events that shaped a decade of explosive tension. He begins with the rise of radicalism on the Pacific Coast, which erupted when the Great Depression swept over California in the 1930s. Starr captures the triumphs and tumult of the great agricultural strikes in the Imperial Valley, the San Joaquin Valley, Stockton, and Salinas, identifying the crucial role played by Communist organizers; he also shows how, after some successes, the Communists disbanded their unions on direct orders of the Comintern in 1935. The highpoint of social conflict, however, was 1934, the year of the coastwide maritime strike, and here Starr's narrative talents are at their best, as he brings to life the astonishing general strike that took control of San Francisco, where workers led by charismatic longshoreman Harry Bridges mounted the barricades to stand off National Guardsmen. That same year socialist Upton Sinclair won the Democratic nomination for governor, and he launched his dramatic End Poverty in California (EPIC) campaign. In the end, however, these challenges galvanized the Right in a corporate, legal, and vigilante counterattack that crushed both organized labor and Sinclair. And yet, the Depression also brought out the finest in Californians: state Democrats fought for a local New Deal; California natives helped care for more than a million impoverished migrants through public and private programs; artists movingly documented the impact of the Depression; and an unprecedented program of public works (capped by the Golden Gate Bridge) made the California we know today possible. In capturing the powerful forces that swept the state during the 1930s--radicalism, repression, construction, and artistic expression--Starr weaves an insightful analysis into his narrative fabric. Out of a shattered decade of economic and social dislocation, he constructs a coherent whole and a mirror for understanding our own time.