American Economic Policy from the Revolution to the New DealRoutledge, 2017 M07 12 - 436 pages The documents in this volume reflect the great debates that have shaped this country's economic life. Covering a wide variety of problems, they show how each was treated at a moment when it was politically urgent. Since they were efforts at persuasion, usually addressed to a wide audience, they are coherent and self-contained and avoid technical jargon. They therefore present clear and vivid evidence of what men have desired and hoped to achieve, and explain not only much that is critical about how Americans lived in the past but much also about the inheritance of the present. From the overwhelming mass of available documents, a representative group has been chosen here. Among the twenty-nine included are: Hamilton's Report on Manufactures, which helped set the American attitude on economic growth; Andrew Jackson's veto message on the bill to renew the charter of the Bank of the United States; the first annual report of the Interstate Commerce Commission, which put the railroads under federal regulation; William Jennings Bryan's famous Cross of Gold speech, which helped him win the Democratic nomination in 1896; the conclusions of the Pujo Committee's report on the money market, which were instrumental in setting up the Federal Reserve System; and key documents on the National Recovery Administration, one of Franklin D. Roosevelt's major moves in his fight against the depression. In his introductory essay, the editor summarizes the forces and movements that helped to make American economic policy "exceedingly confused and therefore very annoying to historians and economists," But, he insists, this very confusion reduced "the extremism and disorder potentially so great in the United States . . . to remarkable moderation." |
From inside the book
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... capital of banks in the state. It issued its scrip as security for loans by the Western Railroad, lending between 1835 and 1841 $4 million of its credit, or over half the capital invested in the railroad. Nor was Massachusetts ...
... capital and labor, as the conversion of this extensive wilderness into cultivated farms. Nothing, equally with this, can contribute to the population, strength, and real riches of the country. “To endeavor, by the extraordinary ...
... capital of the farmer, a net surplus or rent for the landlord or proprietor of the soil. But the labor of artificers does nothing more than replace the stock which employs them (or which furnishes materials, tools, and wages), and yield ...
... capital employed, it ought, on that account, alone, to escape being considered as wholly unproductive. That, though it should be admitted, as alleged, that the consumption of the produce of the soil, by the classes of artificers or ...
... capital, which again must depend upon the savings made out of the revenues of those who furnish or manage that which is at any time employed, whether in agriculture or in manufactures, or in any other way.” But, while the exclusive ...
Contents
B INTERNAL IMPROVEMENTS | |
CORPORATION | |
CENTRAL BANKING | |
E REGULATION OF RAILROADS | |
Senate Committee on Interstate Commerce Hearings 1912 | |
G MONETARY POLICY | |
Supreme Court Opinion in Pollock vs Farmers Loan 1895 | |
J IMMIGRATION POLICY | |
Report of Select Committee 1889 | |
Commissioner General of Immigration Report 1923 | |
K AGRICULTURAL PRICE SUPPORTS 22 McNaryHaugen Bill 1927 | |
THE NATIONAL RECOVERY ADMINISTRATION | |
Roosevelt Message to Congress 1933 | |
National Industrial Recovery Act 1933 | |
William Jennings Bryan The Cross of Gold Speech 1896 | |
H CONSERVATION 15 James J Hill Address on Conservation 1908 | |
INCOME TAXATION 16 W D Guthrie Argument for Pollock in Pollock vs Farmers Loan 1895 | |
REGULATION OF THE FINANCIAL MARKET | |
Other editions - View all
American Economic Policy from the Revolution to the New Deal William Letwin No preview available - 2007 |