In this Book
- Economics and the Public Welfare
- Book
- 2012
- Published by: Liberty Fund
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. They also enjoyed a decade of unprecedented prosperity and a decade of unprecedented depression and deflation. They also saw the beginning of a period of prolonged, world-wide inflation.
No period in history could serve better as a case study for the analysis of applied economic policy. 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.
Arthur Kemp is Professor Emeritus of Economics at Claremont McKenna College.
Table of Contents
- Title Page, Copyright
- pp. 2-5
- PART I. WORLD WAR l
- pp. 19-21
- 1. The Prewar World, 1913
- pp. 21-24
- 2. The Outbreak of the War in 1914
- pp. 25-35
- 3. The War Prosperity
- pp. 36-43
- 4. Our War Economic Policy
- pp. 44-54
- 6. The Postwar Boom, 1919--20
- pp. 61-69
- 7. The Causes of the Crisis of 1920
- pp. 70-79
- 8. The Crisis--1920-21
- pp. 80-89
- 12. Our Foreign Policy, 1919-24
- pp. 100-105
- 13. Germany, 1918-24
- pp. 106-111
- 14. France, 1918-24
- pp. 112-114
- 15. The Dawes Plan
- pp. 115-121
- 17. Money, Bank Credit, and Capital
- pp. 131-143
- 18. The Extent of Bank Expansion, 1922-28
- pp. 144-150
- 20. Germany, 1924-28
- pp. 158-163
- 21. France, 1925--26
- pp. 164-170
- 22. Great Britain, 1925--27
- pp. 171-176
- 26. The Stock Market Boom, 1927-29
- pp. 192-202
- 27. Mob Mind in 1928--29
- pp. 203-204
- 30. The Stock Market Crash of 1929
- pp. 215-223
- 31. The New Deal in 1929-30
- pp. 224-230
- 33. The Tragic Year--1931
- pp. 235-245
- 36. The Year 1932
- pp. 268-272
- 39. The Banking Holiday
- pp. 285-290
- 40. The Intergovernmental Debts
- pp. 291-296
- PART IV. THE NEW DEAL IN MATURITY, 1933--39
- pp. 297-299
- 42. The Reopening of the Banks
- pp. 306-307
- 43. The Mortality Among Small Banks
- pp. 308-309
- 44. Branch Banking Versus Unit Banking
- pp. 310-313
- 47. Contradictory Policies
- pp. 324-325
- 48. The National Industrial Recovery Act
- pp. 325-327
- 49. The London Economic Conference, 1933
- pp. 328-330
- 52. The Gold Reserve Act of 1934
- pp. 345-348
- 53. The Spending Program
- pp. 349-352
- 54. The Silver Legislation of 1934
- pp. 353-356
- 59. The Undistributed Profits Tax of 1936
- pp. 372-382
- 60. Digression on Keynes
- pp. 383-400
- 62. Gold Remains Standard of Value
- pp. 407-409
- 64. The Tyranny of Gold
- pp. 414-418
- 67. The Causes of the Crisis of 1937
- pp. 432-438
- 69. A Verdict on the SEC
- pp. 449-456
- 71. The Turn in the Political Tide, 1938
- pp. 460-462
- PART V. WORLD WAR II
- pp. 501-503
- 75. The Outbreak of World War II
- pp. 503-506
- 76. Our War Economic Policy
- pp. 507-516
- 77. War Taxation and Expenditures
- pp. 517-526
- 78. Government Borrowing in World War II
- pp. 527-543
- 79. Price Fixing in World War II
- pp. 544-548
- Production Notes
- pp. 596-601