The Defining Moment: The Great Depression and the American Economy in the Twentieth Century [NOOK Book]

Overview

In contemporary American political discourse, issues related to the scope, authority, and the cost of the federal government are perennially at the center of discussion. Any historical analysis of this topic points directly to the Great Depression, the "moment" to which most historians and economists connect the origins of the fiscal, monetary, and social policies that have characterized American government in the second half of the twentieth century. In the most comprehensive collection of essays available on ...
See more details below
The Defining Moment: The Great Depression and the American Economy in the Twentieth Century

Available on NOOK devices and apps  
  • NOOK Devices
  • NOOK HD/HD+ Tablet
  • NOOK
  • NOOK Color
  • NOOK Tablet
  • Tablet/Phone
  • NOOK for Windows 8 Tablet
  • NOOK for iOS
  • NOOK for Android
  • NOOK Kids for iPad
  • PC/Mac
  • NOOK for Windows 8
  • NOOK for PC
  • NOOK for Mac
  • NOOK Study
  • NOOK for Web

Want a NOOK? Explore Now

NOOK Book (eBook)
$25.99
BN.com price
(Save 42%)$45.00 List Price

Overview

In contemporary American political discourse, issues related to the scope, authority, and the cost of the federal government are perennially at the center of discussion. Any historical analysis of this topic points directly to the Great Depression, the "moment" to which most historians and economists connect the origins of the fiscal, monetary, and social policies that have characterized American government in the second half of the twentieth century. In the most comprehensive collection of essays available on these topics, The Defining Moment poses the question directly: to what extent, if any, was the Depression a watershed period in the history of the American economy? This volume organizes twelve scholars' responses into four categories: fiscal and monetary policies, the economic expansion of government, the innovation and extension of social programs, and the changing international economy. The central focus across the chapters is the well-known alternations to national government during the 1930s. The Defining Moment attempts to evaluate the significance of the past half-century to the American economy, while not omitting reference to the 1930s.

The essays consider whether New Deal-style legislation continues to operate today as originally envisioned, whether it altered government and the economy as substantially as did policies inaugurated during World War II, the 1950s, and the 1960s, and whether the legislation had important precedents before the Depression, specifically during World War I. Some chapters find that, surprisingly, in certain areas such as labor organization, the 1930s responses to the Depression contributed less to lasting change in the economy than a traditional view of the time would suggest. On the whole, however, these essays offer testimony to the Depression's legacy as a "defining moment." The large role of today's government and its methods of intervention—from the pursuit of a more active monetary policy to the maintenance and extension of a wide range of insurance for labor and business—derive from the crisis years of the 1930s.

Read More Show Less

Editorial Reviews

Booknews
These 12 contributions from the October 1996 conference at Kiawah Island, South Carolina investigate the legacy of the depression in terms of macroeconomic policy, the government, social insurance and labor, and the world economy. The authors conclude that the effects of the depression include greater confidence in the efficacy of government intervention, the increased influence of centralized government, and a shift in US economic policy towards a focus on employment targets. Annotation c. by Book News, Inc., Portland, Or.
Read More Show Less

Product Details

  • ISBN-13: 9780226066912
  • Publisher: University of Chicago Press
  • Publication date: 12/1/2007
  • Series: NBER-Project Report
  • Sold by: Barnes & Noble
  • Format: eBook
  • Pages: 492
  • Sales rank: 1,054,378
  • File size: 6 MB

Meet the Author

Michael D. Bordo is professor of economics at Rutgers, the State University of New Jersey, and a research associate of the NBER.

Eugene N. White is professor of economics at Rutgers University and a research associate of the NBER.

Read More Show Less

Table of Contents

Acknowledgments
List of Abbreviations
Time Line
The Defining Moment Hypothesis: The Editors' Introduction
Michael D. Bordo, Claudia Goldin, Eugene N. White.
I: The Birth of Activist Macroeconomic Policy
1: Was the Great Depression a Watershed for American Monetary Policy?
Charles W. Calomiris, David C. Wheelock.
2: Fiscal Policy in the Shadow of the Great Depression
J. Bradford De Long
3: The Legacy of Deposit Insurance: The Growth, Spread, and Cost of Insuring Financial Intermediaries
Eugene N. White
II: Expanding Government
4: By Way of Analogy: The Expansion of the Federal Government in the 1930s
Hugh Rockoff
5: The Impact of the New Deal on American Federalism
John Joseph Wallis, Wallace E. Oates.
6: The Great Depression and the Regulating State: Federal Government Regulation of Agriculture, 1884-1970
Gary D. Libecap
III: Insuring Households and Workers
7: A Distinctive System: Origins and Impact of U.S. Unemployment Compensation
Katherine Baicker, Claudia Goldin, Lawrence F. Katz.
8: Spurts in Union Growth: Defining Moments and Social Processes
Richard B. Freeman
9: The Genesis and Evolution of Social Security
Jeffrey A. Miron, David N. Weil.
IV: International Perspectives
10: From Smoot-Hawley to Reciprocal Trade Agreements: Changing the Course of U.S. Trade Policy in the 1930s
Douglas A. Irwin
11: The Great Depression as a Watershed: International Capital Mobility over the Long Run
Maurice Obstfeld, Alan M. Taylor.
12: Implications of the Great Depression for the Development of the International Monetary System
Michael D. Bordo, Barry Eichengreen.
Contributors
Name Index
Subject Index
Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)