From New Era to New Deal: Herbert Hoover, the Economists, and American Economic Policy, 1921-1933
In popular imagery, Herbert Hoover is often stereotyped as a 'do-nothing' president who offered only nineteenth-century slogans for the greatest economic catastrophe in twentieth-century American history. Nothing could be further from the truth. This study examines the properties of an innovative approach to economic growth and stability formulated by Hoover and his associates during his years as secretary of commerce (1921-9) and inspects his deployment of this strategy from the White House following the Great Crash in the autumn of 1929. Attention is then focused on Hoover's attempts to reformulate his macro-economic programme as the depression deepened in late 1931 and 1932. Archival materials provide arresting insights into Hoover's aspirations for a new institution - the Reconstruction Finance Corporations - as a vehicle for stimulating investment through a novel form of 'off-budget' financing. To complement the discussion of Hoover's theories of economic policy in their various manifestations, the views of contemporary economists on problems of the day are surveyed.
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The Vision of a New Era in the 1920s
The ingredients of a model of a new economics
The role of economic information
The technocratic aspect of the attack on waste
new dimensions of fiscal policy
Puzzles over the place of monetary policy in macroeconomic stabilization
New era doctrine on wage determination and income distribution
Defining Americas position in the international economic system
Symptoms of disarray in the banking system
Storm clouds from abroad
The collapse of official model I
Realignments on the outside
Shifting course in late 1931 and early 1932
Financial reconstruction and the reformulation of fiscal policy
The end of laissez faire in the 1920s?
Challenges to the new economics of the 1920s
Doubts about the highwage doctrine
The special case of agriculture in the income distribution
Critiques of the fiscal strategy for economic stabilization
Doubts about economic stabilization through monetary management
Questions about the neomercantilist component of Hooverism
The new economics at center stage in 1929
Organizing for action on the unfinished business
Concern about the stock market
Alternative readings of the stock markets behavior
Activating the stabilization model in late 1929 and 1930
Demand management Hooverstyle
Stabilization through confidence building
Bolstering aggregate demand through wage policy
The place of tax reduction in administration thinking in 1929
The initial responses of economists
Preliminary readings of the results of the stabilization strategy
Canvassing for further policy options
Appraisals from the economics profession
The unraveling of the first official model in 1931
Presuppositions and realities
Fiscal stimulus without design in 1931
A reversion to orthodoxy?
Renewing the offensive in February and March 1932
Failure of the antihoarding campaign
The anatomy of failure from a White House perspective
The economists and their views on policy for 1932
Fiscal activism in a new key
The economists and a more modest proposal for a public works program in 1932
Polling on monetary questions and the statement of the Chicago position
Conflicting interpretations from the heavyweights in monetary theory
The voice of Alvin Hansen as an exponent of neoclassical orthodoxy
Protests against relaxation of the antitrust laws
Challenges and responses
Official model II as shaped in May 1932 and the aftermath
Reformulation of the functions of the Reconstruction Finance Corporation
The attempt to promote official model II
New tools and their effectiveness or lack thereof
Rearguard actions in the final phases of the Hoover administration
Transition to the New Deal continuities and discontinuities
JSTOR: From New Era to New Deal: Herbert Hoover, the Economists ...
040 ECONOMIC HISTORY From new era to New Deal: Herbert Hoover, the economists, and American economic pol- icy, 1921-1933. By WILLIAM J. BARBER. ...
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Journal of American History: Reviews the book "From New Era to New Deal: Herbert Hoover, the Economists, and American Economic Policy, 1921-1933,"...
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From New Era to New Deal
Cambridge University Press 0521367379 - From New Era to New Deal - by William J. Barber Description More information. Description ...
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Welcome to The American Presidency
Barber, William J., From New Era to New Deal: Herbert Hoover, the Economists and American Economic Policy, 1921–1933 (Cambridge 1989). ...
Herbert Hoover :: Additional Reading -- Britannica Online Encyclopedia
... and Practice (1981); and William J. Barber, From New Era to New Deal: Herbert Hoover, the Economists, and American Economic Policy, 1921–1933 (1985). ...
www.britannica.com/ eb/ article-3296/ Herbert-Hoover
From new era to New Deal : Herbert Hoover, the economists, and American economic policy, 1921-1933. Infotrac Databases: ...
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... 74–175; William J. Barber, From New Era to New Deal: Herbert Hoover, the Economists, and American Economic Policy, 1921–1933 (New York, 1985), 27–30; ...
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BARBER, WILLIAM J. From New Era to New Deal: Herbert Hoover, the Economists. and American Economic Policy, 1921-1933. Cambridge: Cambridge University Press, ...
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FLORIDA STATE UNIVERSITY
FLORIDA STATE UNIVERSITY. COLLEGE OF ARTS AND SCIENCES. PRESERVING THE PAST:. LIBRARY DEVELOPMENT IN FLORIDA AND THE NEW DEAL, 1933-1942 ...
etd.lib.fsu.edu/ theses/ available/ etd-04092007-024156/ unrestricted/ aap_preservingthepast.pdf