Economics and the public welfare : a financial and economic history of the United States, 1914-1946 / Benjamin M. Anderson.

Format:

Book

Author/Creator:

Anderson, Benjamin M. (Benjamin McAlester), 1886-1949

Language:

English

Subjects (All):

United States--Economic conditions.

United States.

United States--Economic conditions--1918-1945.

Physical Description:

1 online resource (601 p.)

Edition:

Second edition.

Place of Publication:

Indianapolis : Liberty Press, 1979.

Summary:

In the turbulent years between passage of the Federal Reserve Act (1913) and the Bretton Woods Agreement (1945), the peoples of the Western world suffered two world wars, two major and several minor international financial panics, an epidemic of currency devaluations and debt repudiations, civil wars, and revolutions. No period in history could serve better as a case study for the analysis of applied economic policy. No one could have been better situated to write that study than Benjamin M. Anderson. From his vantage point as economist for the Chase Manhattan Bank and editor of the Chase Economic Bulletin, who participated in much of what he records, Dr. Anderson here describes the climactic events of a turbulent era. Benjamin M. Anderson (1886-1949) was a scholar, historian, banker, financier, and economist. After receiving his Ph.D. in economics, philosophy, and sociology from Columbia University in 1911, he taught economics at Harvard University. In 1918, he entered banking as Economic Advisor to the National Bank of Commerce in New York, and later became an economist for the Chase Manhattan Bank and editor of the Chase Economic Bulletin. He also served as President of the Economists' National Committee on Monetary Policy. Arthur Kemp was Professor Emeritus of Economics at Claremont McKenna College. Please note: This title is available as an ebook for purchase on Amazon , Barnes and Noble , and iTunes .

Contents:

""Benjamin M. Anderson, Economics and the Public Welfare ""; ""Front Matter ""; ""Title Page ""; ""Copyright Details ""; ""Table of Contents, p. 5 ""; ""Foreword by Arthur Kemp, p. 9 ""; ""Preface, p. 13 ""; ""Economics and the Public Welfare ""; ""Part I. World War I ""; ""The Prewar World, 1913, p. 21 ""; ""The Outbreak of the War in 1914, p. 25 ""; ""The War Prosperity, p. 36 ""; ""Physical Volume of Production and Constitution, 1914-22, p. 39 ""; ""Index Numbers of Wages Per Hour and Wholesale Prices in the United States, p. 41 ""; ""Our War Economic Policy, p. 44 ""

""The Federal Reserve System, 1914-18, p. 55 """"Part II. The Postwar Boom, Crisis, and Revival, 1919-23, p. 59 ""; ""The Postwar Boom, 1919-20, p. 61 ""; ""The Causes of the Crisis of 1920, p. 70 ""; ""The Crisis - 1920-21, p. 80 ""; ""The Rapid Revival - August 1921 to March 1923, p. 90 ""; ""The Government's Contribution to the Revival, 1921-23, p. 92 ""; ""The Money Market, 1920-23 - Renewed Bank Expansion, p. 95 ""; ""Our Foreign Policy, 1919-24, p. 100 ""; ""Germany, 1918-24, p. 106 ""; ""France, 1918-24, p. 112 ""; ""The Dawes Plan, p. 115 ""

""Part III. The First Phase of the New Deal, 1924-32, p. 123 """"Depression and Rally of 1924 - The Beginning of the New Deal, p. 125 ""; ""Money, Bank, Credit, and Capital, p. 131 ""; ""The Extent of Bank Expansion, 1922-28, p. 144 ""; ""The Causes of and the Responsibility for the Excess Reserves, p. 151 ""; ""Germany, 1924-28, p. 158 ""; ""France, 1925-26, p. 164 ""; ""Great Britain, 1925-27, p. 171 ""; ""The De Facto Stabilization of the Franc, and the Gold Exchange Standard, p. 177 ""

""The Consequences of the Cheap Money Policy in the United States Down to the Summer of 1927, p. 182 """"The Conference of Governors and the Intensification of Cheap Money, 1927, p. 188 ""; ""The Stock Market Boom, 1927-29, p. 192 ""; ""Mob Mind in 1928-29, p. 203 ""; ""The Effect on Europe of Tight Money in the United States in 1929, p. 205 ""; ""The ""New Era,"" and the Precautions of the Commercial Banks in New York, p. 209 ""; ""The Stock Market Crash of 1929, p. 215 ""; ""The New Deal in 1929-30, p. 224 ""; ""Late 1930 - Hitler Gains; Bank of United States Crashes, p. 231 ""

""The Tragic Year - 1931, p. 235 """"1931 Continued - England's Abandonment of the Gold Standard, p. 246 ""; ""The Year 1931 Continued - The First Foreign Run on the Gold of the United States, p. 257 ""; ""The Year 1932, p. 268 ""; ""The Upturn in the Summer of 1932 - Five Favorable Developments, p. 273 ""; ""The Impact of Politics on the 1932 Revival, p. 277 ""; ""The Banking Holiday, p. 285 ""; ""The Intergovernmental Debts, p. 291 ""; ""Part IV. The New Deal in Maturity, 1933-39, p. 297 ""; """"My Father Also Chastised You with Whips, but I Will Chastise You with Scorpions,"" p. 299 ""

""The Reopening of the Banks, p. 306 ""

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

1-61487-769-6

OCLC:

859155780