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This volume contains a collection of memoirs by Herbert Hoover, concentrating on the Great Depression, its origins, and its effects. Herbert Clark Hoover (1874 – 1964) was an American businessman, engineer and politician who served as the 31st president of the United States from 1929 and 1933.Contents include: “The Origins of The Great Depression”, “We Attempt to Stop the Orgy of Speculation”, “Our Weak American Banking System”, “Federal Government Responsibilities and Functions in Economic Crises”, “Remedial Measures”, “A Summary of the Evolution of the Depression”, etc. Many vintage books such as this are increasingly scarce and expensive. It is with this in mind that we are republishing this volume now in an affordable, modern, high-quality edition complete with a specially-commissioned new biography of the author.
This scarce antiquarian book is a facsimile reprint of the original. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions that are true to the original work.
This is the first definitive study of the presidency of America's least understood and most under-appreciated Chief Executive. Combining government with private resources, Hoover became the first president to pit government action against the economic cycle, setting precedents and spawning ideas employed by his successor and all future presidents.
An in-depth look at how politics and economics shape the relationship between Congress and the Federal Reserve Born out of crisis a century ago, the Federal Reserve has become the most powerful macroeconomic policymaker and financial regulator in the world. The Myth of Independence marshals archival sources, interviews, and statistical analyses to trace the Fed’s transformation from a weak, secretive, and decentralized institution in 1913 to a remarkably transparent central bank a century later. Offering a unique account of Congress’s role in steering this evolution, Sarah Binder and Mark Spindel explore the Fed’s past, present, and future and challenge the myth of its independence.
The history of finance - defined to include money, banking, capital markets, public and private finance, international transfers, and more - that covers Western Europe and half a millennium. This work casts issues in historical perspective and throws light on the evolution of financial institutions and the management of financial problems.
Historians have often speculated on the alternative paths the United Stages might have taken during the Great Depression: What if Franklin D. Roosevelt had been killed by one of Giuseppe Zangara’s bullets in Miami on February 17, 1933? Would there have been a New Deal under an administration led by Herbert Hoover had he been reelected in 1932? To what degree were Roosevelt’s own ideas and inclinations, as opposed to those of his contemporaries, essential to the formulation of New Deal policies? In Roosevelt, the Great Depression, and the Economics of Recovery, the eminent historian Elliot A. Rosen examines these and other questions, exploring the causes of the Great Depression and America’s recovery from it in relation to the policies and policy alternatives that were in play during the New Deal era. Evaluating policies in economic terms, and disentangling economic claims from political ideology, Rosen argues that while planning efforts and full-employment policies were essential for coping with the emergency of the depression, from an economic standpoint it is in fact fortunate that they did not become permanent elements of our political economy. By insisting that the economic bases of proposals be accurately represented in debating their merits, Rosen reveals that the productivity gains, which accelerated in the years following the 1929 stock market crash, were more responsible for long-term economic recovery than were governmental policies. Based on broad and extensive archival research, Roosevelt, the Great Depression, and the Economics of Recovery is at once an erudite and authoritative history of New Deal economic policy and timely background reading for current debates on domestic and global economic policy.
Examines the Open Door, the most influential U.S. foreign policy of the twentieth centuryIn 1899, U.S. Secretary of State John Hay wrote six world powers calling for an aOpen Door in China that would guarantee equal trading opportunities, curtail colonial annexation, and prevent conflict in the Far East. Within a year, the region had succumbed to renewed colonisation and war, but despite the apparent failure of Hays diplomacy, the ideal of the Open Door emerged as the central component of U.S. foreign policy in the twentieth century. Just as visions of aManifest Destiny shaped continental expansion in the nineteenth century, Woodrow Wilson used the Open Door to make the case for a world asafe for democracy, Franklin Roosevelt developed it to inspire the fight against totalitarianism and imperialism, and Cold War containment policy envisioned international communism as the latest threat to a global system built upon peace, openness, and exchange. In a concise yet wide-ranging examination of its origins and development, readers will discover how the idea of the Open Door came to define the American Century.Key FeaturesUncovers the ideological wellspring of U.S. foreign policy in the twentieth centuryPresents debates over U.S. foreign policy, including the aWisconsin School critique of the Open Door as a mechanism of informal empireReveals both the consistency of U.S. foreign policy thinking and offers a deeper context to critical foreign policy decisionsContextulises the roots of contemporary U.S. policy
As the Great Depression gripped the United States in the early 1930s, the Hoover administration sought to preserve jobs for Anglo-Americans by targeting Mexicans, including long-time residents and even US citizens, for deportation. Mexicans comprised more than 46 percent of all people deported between 1930 and 1939, despite being only 1 percent of the US population. In all, about half a million people of Mexican descent were deported to Mexico, a “homeland” many of them had never seen, or returned voluntarily in fear of deportation. They Came to Toil investigates how the news reporting of this episode in immigration history created frames for representing Mexicans and immigrants that persist to the present. Melita M. Garza sets the story in San Antonio, a city central to the formation of Mexican American identity, and contrasts how the city’s three daily newspapers covered the forced deportations of Mexicans. She shows that the Spanish-language La Prensa not surprisingly provided the fullest and most sympathetic coverage of immigration issues, while the locally owned San Antonio Express and the Hearst chain-owned San Antonio Light varied between supporting Mexican labor and demonizing it. Garza analyzes how these media narratives, particularly in the English-language press, contributed to the racial “othering” of Mexicans and Mexican Americans. Adding an important new chapter to the history of the Long Civil Rights Movement, They Came to Toil brings needed historical context to immigration issues that dominate today’s headlines.
Introduction -- Instability -- Taking the money market seriously -- Money creation and market failure -- Banking in theory and reality -- Panics and the macroeconomy -- Design alternatives -- A monetary thought experiment -- The limits of risk constraints -- Public support and subsidized finance -- The public-private partnership -- Money and sovereignty -- A more detailed blueprint -- Rethinking financial reform