How the Republicans Caused the Stock Market Crash of 1929 PDF Download
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Author: Bernard Beaudreau Publisher: iUniverse ISBN: 0595379087 Category : Business & Economics Languages : en Pages : 219
Book Description
This book presents an alternative view of the Stock Market Boom and Crash of 1929 as having resulted from government intervention, specifically from a case of flawed government policy in the form of the Republican party's 1928 election promise of an upward tariff revision―the Smoot-Hawley Tariff Bill. As such, the stock market in particular and the market mechanism in general were not to blame, government was. Where the market was to blame, however, was in its reaction to the massive technology shock that was electric power-based extremely-high-throughput, continuous-flow mass production techniques (EHTCFPT) pioneered at the Ford Motor Company's Highland Park plant in Detroit, Michigan. Specifically, aggregate income and expenditure failed to rise commensurately with vastly increased productive capacity, resulting in under income.
Author: Bernard Beaudreau Publisher: iUniverse ISBN: 0595379087 Category : Business & Economics Languages : en Pages : 219
Book Description
This book presents an alternative view of the Stock Market Boom and Crash of 1929 as having resulted from government intervention, specifically from a case of flawed government policy in the form of the Republican party's 1928 election promise of an upward tariff revision―the Smoot-Hawley Tariff Bill. As such, the stock market in particular and the market mechanism in general were not to blame, government was. Where the market was to blame, however, was in its reaction to the massive technology shock that was electric power-based extremely-high-throughput, continuous-flow mass production techniques (EHTCFPT) pioneered at the Ford Motor Company's Highland Park plant in Detroit, Michigan. Specifically, aggregate income and expenditure failed to rise commensurately with vastly increased productive capacity, resulting in under income.
Author: Bernard C. Beaudreau Publisher: Lulu.com ISBN: 0557060613 Category : Business & Economics Languages : en Pages : 186
Book Description
Shows how and why the Stock Market Crash of 1929 and the Financial Meltdown of 2008 both occurred under Republican Administrations. In both cases, unsustainable policy measures aimed at increasing purchasing power led to boom and bust. In the 1920's, tariff policy was used to bolster product markets; in the 1980's and 1990's, easy credit (consumer and mortgage) policies were used to do likewise. Both proved to be unsustainable, leading ultimately to financial meltdowns---the Stock Market Crash of 1929 and the Financial Meltdown of 2008.
Author: Bernard C. Beaudreau Publisher: Cambridge Scholars Publishing ISBN: 1527542033 Category : Business & Economics Languages : en Pages : 146
Book Description
In the aftermath of the stock market crash of 1929, Yale University Economics Professor Irving Fisher remained steadfast in his view that the boom in prices had been warranted, pointing to the myriad innovations of the 1920s, including the introduction of the electric unit drive and utility-supplied power. Dismissed by most, this view has since given way to Alan Greenspan’s view of irrational exuberance. This book presents a series of contemporary and period writings which rehabilitate the fundamentals view, showing why Irving Fisher was right. Whereas Fisher was unable to provide a convincing narrative for the crash, these writings point to the Hoover Administration’s tariff initiative, the Smoot-Hawley Tariff Bill, as the key element which contributed to both the boom and the crash.
Author: Nina Bandelj Publisher: John Wiley & Sons ISBN: 0745658830 Category : Social Science Languages : en Pages : 186
Book Description
Should governments be involved in economic affairs? Challenging prevailing wisdom about the benefits of self-regulating markets, Nina Bandelj and Elizabeth Sowers offer a uniquely sociological perspective to emphasize that states can never be divorced from economy. From defining property rights and regulating commodification of labor to setting corporate governance standards and international exchange rules, the state continuously manages the functioning of markets and influences economic outcomes for individuals, firms and nations. The authors bring together classical interventions and cutting-edge contemporary research in economic sociology to discuss six broad areas of economy/state connection: property, money, labor, firms, national economic growth, and global economic exchange. A wealth of empirical examples and illustrations reveals that even if the nature of state influence on economy varies across contexts, it is always dependent on social forces. This accessible and engaging book will be essential reading for upper-level students of economic sociology, and those interested in the major economic dilemmas of our times. .
Author: Constantinos E. Scaros Publisher: WestBow Press ISBN: 1512713236 Category : Political Science Languages : en Pages : 128
Book Description
As a term of praise for having won the Civil War and having kept the nation together, the Republicans were dubbed the Grand Old Party or GOP. In their century-and-a-half of history, they elected more presidents than any other party. After losing the popular vote in the 2000 presidential election, eking out a tough win in 2004, and losing in 2008 and particularly in 2012 to an incumbent on whose watch a listless economy couldnt push unemployment much below 8 percent, the attitude of the Republican Party turned sour and negative. GOP might as well had stood for Grumpy Old Party. But all is not lost. In Grumpy Old Party, author Constantinos Scaros identifies 20 tips that will help the party move beyond recent losses, reclaim their respectability, and win. Instead of spending all that money on political advisors, every Republican should read this book instead! - Tricia Erickson, author of Can Mitt Romney Serve Two Masters?
Author: Bernard C. Beaudreau Publisher: Lulu.com ISBN: 0557041090 Category : Business & Economics Languages : en Pages : 185
Book Description
Draws parallels between the Financial Meltdown of 2008 and the Stock Market Crash of 1929. Argues that both were ultimately the result of technological change with electrification being the root cause of the Stock Market Crash of 1929 and factory automation and outsourcing being the cause of the current financial meltdown/crash. Shows how in both cases, money income was insufficient to sustain full employment and how Republican Administrations set out to resolve the problem (Hoover with commercial policy in 1929, Reagan and Bush in the 1980's with disguised fiscal policy in the form of mortgage securitization). Provides estimates of the income and expenditure shortfall from 1984 to 2009 in the range of $5 to $7 Trillion, which is shown to correspond to the extent of the sub-prime mortgage debacle. Concludes by discussing the various policy options available to the Obama Administration.
Author: Ronald E. Goodwin Publisher: Rowman & Littlefield ISBN: 1793621969 Category : History Languages : en Pages : 201
Book Description
This book examines the many ways in which the New Deal revived Texas’s economic structure after the 1929 collapse. Ronald Goodwin analyzes how Franklin Roosevelt’s initiative, and in particular, the Work Progress Administration, remedied rampant unemployment and homelessness in twentieth-century Texas.
Author: John L. Moore Publisher: Routledge ISBN: 1135938709 Category : Reference Languages : en Pages : 577
Book Description
Elections A-Z makes the vital and complex process of elections in the United States interesting and accessible to those for whom they have long seemed both arcane and mysterious. This essential reference tool provides a comprehensive guide to understanding the current issues, history, and concepts behind attaining high political office in the United States. Subjects covered in some 200 entries include running for the House of Representatives, the Senate, and the presidency; debates and stages in the campaign and general election processes; the roles of political consultants, the media, and the American political parties; issues such as term limits and campaign finance; court cases that have shaped the electoral process; important terms (often misunderstood outside the United States): "absolute majority"; "dark horse"; "initiatives and referendums"; historic milestones; scandals in American elections, etc.
Author: Lewis L. Gould Publisher: Oxford University Press, USA ISBN: 0199936625 Category : History Languages : en Pages : 414
Book Description
A new edition of Lewis L. Gould's history of the Republican party. It retains the features that made the first edition a success - a fast-paced account of Republican fortunes, a deep knowledge of the evolution of national political history, and an acute feel for the interplay of personalities and ideology. All the main players in the Republican story are captured in penetrating sketches and deft analysis.
Author: Bernard Beaudreau
Author: Bernard Beaudreau
Author: Bernard C. Beaudreau
Author: Bernard C. Beaudreau
Author: Nina Bandelj
Author: Constantinos E. Scaros
Author: Bernard C. Beaudreau
Author: Herbert Hoover
Author: Ronald E. Goodwin
Author: John L. Moore
Author: Lewis L. Gould