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Contents
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vii Contents Acknowledgments xiii 1 The Employment Act in Historical Perspective 1 Usage of Unemployment and Full Employment 3 Historiography of the Employment Act of 1946 4 Vantage Point of History 8 2 Federal Role in Employment Stimulation 11 Socioeconomic Transformation 11 Experiences of the Great Depression 15 Legacy of the New Deal 18 Accomplishments of the War Years 22 Congress Looks for Alternatives 26 An American White Paper 29 Ascendancy of Full Employment 34 3 Press and Public Opinion Diverge 39 Postwar Employment Worries 40 Media Treatment of the Postwar Economy 46 Fortune Magazine’s Executive Forecast 47 Full Employment Enters the Public Discourse 50 Mass Marketing of Hayek’s Road to Serfdom 57 Reaction to the Full Employment Legislation 59 Relevance of Radio News 66 Closing Comments 67 4 Senate Passes Full Employment 69 The Emergence of a Full Employment Bill 69 Debate within the Executive Branch 74 Liberal Groups Mobilize for Full Employment 79 The Senate Committee on Banking and Currency Moves on S. 380 83 Debate on the Senate Floor 88 5 Opponents Take Aim in the House 97 Committee Assignment Alters the Bill’s Course 97 Truman Presses for Action 105 House Members Negotiate a Compromise 107 The House Moves on the Legislation 113 S. 380 Comes to the House Floor 115 In order to view this proof accurately, the Overprint Preview Option must be checked in Acrobat Professional or Adobe Reader. Please contact your Customer Service Representative if you have questions about finding the option. Job Name: -- /347091t viii 6 Socioeconomic and Political Forces 125 Measuring Support for Full Employment 125 Correlates of Support for the Full Employment Bill 127 7 The Employment Act of 1946 139 Final Push for Full Employment 139 Implementing the Employment Act 144 Early Years of the Employment Act 150 Vantage Point of the Twenty-First Century 153 Appendix A: Variables and Their Sources 163 Units of Analysis 163 “Timeliness” of Data 163 Appendix B: Scores and Indices 167 Full Employment Score 167 Partisanship Score 167 Ideology Scale 168 Adjusted Living Level 168 Indices 169 Appendix C: Profiling Support for S. 380 173 Appendix D: Profiling Support for H.R. 2202 177 The Final Vote 187 Closing Observations 190 Appendix E: A Structural Model Approach 193 Comparing the Models of Full Employment with Ideology 197 Appendix F: Methodology and Research Design 201 Overview of Statistics Employed 201 Discussion of Procedures 203 References 209 Author 221 Index 223 About the Institute 241 In order to view this proof accurately, the Overprint Preview Option must be checked in Acrobat Professional or Adobe Reader. Please contact your Customer Service Representative if you have questions about finding the option. Job Name: -- /347091t ...