The Great Depression and World War II

Author(s):  
Andrew Morris

Although many American communities had erected an impressive array of charitable institutions by the 1920s, they crumbled under the unemployment and poverty generated by the Great Depression. President Franklin Roosevelt, elected in 1932, set aside the concerns of his predecessor, Herbert Hoover, about the dangers of federally provided relief, and presided over the creation of emergency public relief and employment programs as part of the New Deal. With the passage of the Social Security Act in 1935, Roosevelt and his Congressional allies established a permanent basis for a federal role in social welfare provision. The benefits of these programs were substantial, but they were sharply influenced by the race and gender of their recipients. Hopes for more robust federal programs were dispelled by the economic recovery associated with World War Two. Instead, the war saw the expansion of private, workplace-based benefits destined to be major elements of postwar social provision.

Author(s):  
John Kenneth Galbraith ◽  
James K. Galbraith

This chapter examines the lessons of World War II with respect to money and monetary policy. World War I exposed the fragility of the monetary structure that had gold as its foundation, the great boom of the 1920s showed how futile monetary policy was as an instrument of restraint, and the Great Depression highlighted the ineffectuality of monetary policy for rescuing the country from a slump—for breaking out of the underemployment equilibrium once this had been fully and firmly established. On the part of John Maynard Keynes, the lesson was that only fiscal policy ensured not just that money was available to be borrowed but that it would be borrowed and would be spent. The chapter considers the experiences of Britain, Germany, and the United States with a lesson of World War II: that general measures for restraining demand do not prevent inflation in an economy that is operating at or near capacity.


Texas ◽  
2021 ◽  
pp. 367-395
Author(s):  
Rupert N. Richardson ◽  
Cary D. Wintz ◽  
Angela Boswell ◽  
Adrian Anderson ◽  
Ernest Wallace

Author(s):  
Ruth Milkman

The author's groundbreaking research in women's labor history has contributed important perspectives on work and unionism in the United States. This book presents four decades of the author's essential writings, tracing the parallel evolutions of her ideas and the field she helped define. The book's introduction frames a career-spanning scholarly project: the interrogation of historical and contemporary intersections of class and gender inequalities in the workplace, and the efforts to challenge those inequalities. Early chapters focus on the author's pioneering work on women's labor during the Great Depression and the World War II years. The book's second half turns to the past fifty years, a period that saw a dramatic decline in gender inequality even as growing class imbalances created greater-than-ever class disparity among women. The book concludes with a previously unpublished essay comparing the impact of the Great Depression and the Great Recession on women workers.


1987 ◽  
Vol 25 (3) ◽  
pp. 375-402 ◽  
Author(s):  
William O. Jones

Agricultural marketing boards in tropical Africa are heirlooms of the Great Depression and World War II, when colonial governments found their principal sources of revenue severely reduced and both European and African populations financially distressed. Marketing boards are of British origin, but similar efforts were made in French and Belgian Africa. The rationale for intervention is clouded; some of the principal reasons have faded into the past or were never openly expressed.1


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