Dividend taxes and investment during the U.S. Great Depression

The COVID-19 pandemic and the mitigation efforts put in place to contain it delivered the most severe blow to the U.S. economy since the Great Depression. In this paper, we argue that the Federal Reserve acted decisively and with dispatch to deploy all the tools in its conventional kit and to design, develop, and launch within weeks a series of innovative facilities to support the flow of credit to households and businesses. These measures, taken together, provided crucial support to the economy in 2020 and are continuing to contribute to what is expected to be a robust economic recovery in 2021.

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The Founding of the Federal Reserve, the Great Depression, and the Evolution of the U.S. Interbank Network

The Journal of Economic History ◽

10.1017/s0022050719000792 ◽

2019 ◽

Vol 80 (1) ◽

pp. 69-99 ◽

Cited By ~ 1

Author(s):

Matthew Jaremski ◽

David C. Wheelock

Keyword(s):

Great Depression ◽

Federal Reserve ◽

Systemic Risk ◽

Important Determinant ◽

Survival Rates ◽

Financial Network ◽

The Great Depression ◽

Key Events ◽

The U.S ◽

Over Time

Financial network structure is an important determinant of systemic risk. This article examines how the U.S. interbank network evolved over a long and important period that included two key events: the founding of the Federal Reserve and the Great Depression. Banks established connections to correspondents that joined the Federal Reserve in cities with Fed offices, initially reducing overall network concentration. The network became even more focused on Fed cities during the Depression, as survival rates were higher for banks with more existing connections to Fed cities, and as survivors established new connections to those cities over time.

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The End of the Project, 1939–1940

They Should Stay There ◽

10.5149/northcarolina/9781469634265.003.0009 ◽

2017 ◽

Author(s):

Alanís Enciso Fernando Saúl ◽

Russ Davidson

Keyword(s):

United States ◽

Great Depression ◽

The United States ◽

The Great Depression ◽

War Effort ◽

The Impact ◽

The U.S

This chapter concludes Enciso’s exploration of the Mexican government’s attempts to repatriate its citizens, as well as its 1939 decision to end its official plan for organized repatriation. This chapter also explores how the official end of the repatriation plan impacted immigration and deportation measures in the U.S., as well as how the threat of a mass deportation once again spurred the Cardenas administration to announce plans to repatriate 1,000 Mexican nationals each month. Chapter 8 also notes the impact that the United States’ war effort had on migration and repatriation levels, as well as concludes that the Mexican government’s struggle to successfully repatriate its citizens during the Great Depression has greatly impacted the attitude and policies of both Mexico and the U.S. concerning immigration today.

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Working with the New Deal from Colorado, 1933–1934

Relentless Reformer ◽

10.23943/princeton/9780691122731.003.0010 ◽

2014 ◽

Author(s):

Robyn Muncy

Keyword(s):

Twentieth Century ◽

Progressive Era ◽

Great Depression ◽

New Deal ◽

Rocky Mountain ◽

Economic Planning ◽

National Government ◽

The Great Depression ◽

The New Deal ◽

The U.S

This chapter details events in Josephine Roche's life from 1933 to 1934. Roche's experience at Rocky Mountain Fuel primed her for the New Deal. As Franklin Roosevelt's administration began to grapple in 1933 with the devastation caused by the Great Depression, Roche was asked to serve in several capacities. Early on, the most important was in the National Recovery Administration, an attempt to stabilize the U.S. economy through industry-wide economic planning. Shortly after that, Roche broke through yet another gender barrier by running for governor of Colorado. She took this bold step because the sitting state executive refused to cooperate with the relief programs of the New Deal, and Roche wanted Colorado effectively linked with the national government. She did not succeed, but her gubernatorial bid was nevertheless significant. It demonstrated both the centralizing force that Washington exerted through the New Deal and some of the bases for resistance. It also drew a direct line between progressivism in the early twentieth century and progressivism in the New Deal, highlighting a range of tactics for diminishing inequality that New Dealers brought straight from the Progressive Era into the 1930s.

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