scholarly journals The postwar capitalism

2014 ◽  
Vol 25 (3) ◽  
pp. 164-185
Author(s):  
Luka Mesec

In this paper, I will try to offer a very concise overview of the development of the capitalism after the World War II. Specific historical constellation in the postwar period has enabled the development of Keynesian project in response to the crisis of the Great Depression. However, due to the inherent contradictions of the capitalist system, the Keynesian project has exhausted itself by the beginning of the 1970s, which caused a new crisis. This opened the way for the return of neo-liberal theory and neo-liberal policies that dominates today.

Author(s):  
Simon Balto

The book’s second chapter covers the decade of the Great Depression and the World War II years. One of its principal focuses is the rise of Chicago’s infamous Democratic machine, which emerged as the dominant force in Chicago machine politics after years of back-and-forth tussling with its Republican counterpart. Democratic leaders beginning in 1931 used the police force as a bludgeon against the Black community to try to force it to vote Democratic, and utilized it in other ways to control Black Chicago politically. This was seen most acutely within the context of the rising tide of political radicalism that shaped Black Chicago during this time, especially the labors of the Communist Party and, later, organizations with the Popular Front as they challenged Depression-era austerity and battled with the police as austerity’s frequent enforcers (as in the case of evictions). To check such radicalism, Democratic politicians unleashed the infamous Red Squad, which cracked down viciously on political dissidents, often violently and illegally, setting important precedents. The decade also saw the expansion of a practice known as “stop and seizure,” an antecedent to the infamous practice of “stop and frisk.”


Author(s):  
Christopher Bradd

Beginning on New York’s Wall Street on October 29, 1929, which would come to be known as ‘Black Tuesday’, the Great Depression was the most intense and protracted global economic crisis of the twentieth century, ending with the outbreak of World War II in 1939. In the United States, ‘Black Tuesday’ saw the sale of 16 million shares, as catastrophic losses shook confidence in the laissez-faire capitalist system. In 1930 the effects of the American market crash spread worldwide; by 1932 there were 30 million unemployed in the industrial world, plunging millions into abject poverty.


2018 ◽  
Vol 51 (2) ◽  
pp. 249-281
Author(s):  
Gavriel D. Rosenfeld

AbstractSince the turn of the millennium, major political figures around the world have been routinely compared to Adolf Hitler. These comparisons have increasingly been investigated by scholars, who have sought to explain their origins and assess their legitimacy. This article sheds light on this ongoing debate by examining an earlier, but strikingly similar, discussion that transpired during the Nazi era itself. Whereas commentators today argue about whether Hitler should be used as a historical analogy, observers in the 1930s and 1940s debated which historical analogies should be used to explain Hitler. During this period, Anglophone and German writers identified a diverse group of historical villains who, they believed, explained the Nazi threat. The figures spanned a wide range of tyrants, revolutionaries, and conquerors. But, by the end of World War II, the revelation of the Nazis' unprecedented crimes exposed these analogies as insufficient and led many commentators to flee from secular history to religious mythology. In the process, they identified Hitler as Western civilization's new archetype of evil and turned him into a hegemonic analogy for the postwar period. By explaining how earlier analogies struggled to make sense of Hitler, we can better understand whether Hitler analogies today are helping or hindering our effort to understand contemporary political challenges.


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

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