“The Very Heart and Soul and Spirit of Our National Will”

2018 ◽  
Author(s):  
Amanda Porterfield
Keyword(s):  
Economic Policy ◽  
Public Relations ◽  
New Deal ◽  
Government Regulation ◽  
Business Leaders ◽  
Partisan Politics ◽  
The Great Depression ◽  
The Bible ◽  
Current Events ◽  
Widespread Belief

Public relations and advertising developed during the 1920s, supporting new theories of corporate trusteeship that called on managers to balance the interests of owners, workers, and consumers. Battling New Deal reforms amid widespread belief that big business was to blame for the Great Depression, business leaders became more dedicated to partisan politics. Opponents of government regulation found new bedfellows in fundamentalist Christians who interpreted current events in light of a cosmic battle between Christ and the Antichrist. Business leaders drawn to conservative interpretations of the Bible supported the expansion of evangelical networks that linked patriotism and fundamentalist Christianity to anti-statist economic policy.

The Second Red Scare and the Unmaking of the New Deal Left

2012 ◽  
Author(s):  
Landon R. Y. Storrs
Keyword(s):  
New Deal ◽  
Red Scare ◽  
Loyalty Program ◽  
Federal Employee ◽  
The Great Depression ◽  
Policy Ideas ◽  
Political Views ◽  
Consumer Movements ◽  
The Right ◽  
The New Deal

The loyalty investigations triggered by the Red Scare of the 1940s and 1950s marginalized many talented women and men who had entered government service during the Great Depression seeking to promote social democracy as a means to economic reform. Their influence over New Deal policymaking and their alliances with progressive labor and consumer movements elicited a powerful reaction from conservatives, who accused them of being subversives. This book draws on newly declassified records of the federal employee loyalty program—created in response to fears that Communists were infiltrating the U.S. government—to reveal how disloyalty charges were used to silence these New Dealers and discredit their policies. Because loyalty investigators rarely distinguished between Communists and other leftists, many noncommunist leftists were forced to leave government or deny their political views. This book finds that loyalty defendants were more numerous at higher ranks of the civil service than previously thought, and that many were women, or men with accomplished leftist wives. Uncovering a forceful left-feminist presence in the New Deal, the book shows how opponents on the Right exploited popular hostility to powerful women and their “effeminate” spouses. The loyalty program not only destroyed many promising careers, it prohibited discussion of social democratic policy ideas in government circles, narrowing the scope of political discourse to this day. This book demonstrates how the Second Red Scare undermined the reform potential of the New Deal and crippled the American welfare state.

From New Era to New Deal: Herbert Hoover, the Economists and American Economic Policy, 1921-1933.

Economica ◽  
1988 ◽  
Vol 55 (217) ◽  
pp. 149
Author(s):  
A. W. Coats ◽  
W. J. Barber
Keyword(s):  
Economic Policy ◽  
New Deal ◽  
New Era

The Effect of New Deal Policies Revisited

2020 ◽  
Author(s):  
Yangyang Ji
Keyword(s):  
New Deal ◽  
Aggregate Demand ◽  
American Economic Review ◽  
Supply Side ◽  
Natural Rate ◽  
Jel Codes ◽  
The Great Depression ◽  
Us Economy ◽  
The Us ◽  
The New Deal

Abstract Eggertsson (2012, American Economic Review, 102, 524–55) finds that when the nominal interest rate hits the zero lower bound, the aggregate demand (AD) curve becomes upward-sloping and supply-side policies that reduce the natural rate of output, such as the New Deal implemented in the 1930s, are expansionary. His analysis is restricted to a conventional equilibrium where the AD curve is steeper than the aggregate supply (AS) curve. Recent research, however, demonstrates that an alternative equilibrium arises if the AD curve is flatter than the AS curve. In that case, the same policies become contractionary. In this article, I allow for both possibilities, and let data decide which equilibrium the US economy actually resided in during the Great Depression. Following the work of Blanchard and Quah (1989, American Economic Review, 79, 655–73), I find that there is a high probability that New Deal policies were contractionary. (JEL codes: E32, E52, E62, N12).

From New Era to New Deal: Herbert Hoover, the Economists, and American Economic Policy, 1921-1933

1986 ◽  
Vol 73 (3) ◽  
pp. 793
Author(s):  
Michael A. Bernstein ◽  
William J. Barber
Keyword(s):  
Economic Policy ◽  
New Deal ◽  
New Era

Boston, the Great Depression and the New Deal

1978 ◽  
Vol 51 (1) ◽  
pp. 136
Author(s):  
Robert K. Murray ◽  
Charles H. Trout
Keyword(s):  
Great Depression ◽  
New Deal ◽  
The Great Depression ◽  
The New Deal
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