The Great Depression: Time of economic crisis

2012 ◽  
pp. 317-330
2014 ◽  
Vol 10 (4) ◽  
pp. 427-441
Author(s):  
Janine Brodie

AbstractThe 2008 global financial meltdown, commonly called the ‘Great Recession’, was the most serious crisis in capitalism since the Great Depression of the 1930s, and a fundamental repudiation of neoliberal governing assumptions. This paper focuses on the contexts that informed two governmental responses to this economic crisis — restoration and retrenchment through public austerity. It explains that these responses were contingent, experimental, inequitable and, in the end, unsuccessful. Restoration and retrenchment, however, were entirely consistent with previous neoliberal crisis-responses and the abiding ambitions of this governing project. As the economic crisis crawled into the second half of a decade, the idea of inequality was increasingly identified as an underlying cause of crisis and its amelioration as a necessary part of rebuilding economies and communities in a post-crisis era. The paper tracks the case for the revival of equality politics and policies in the early twenty-first century.


2013 ◽  
Vol 22 (2) ◽  
pp. 181-198 ◽  
Author(s):  
MARY HILSON

AbstractIn the wake of the Great Depression, Sweden and the other Nordic countries were widely perceived as a model region, a successful example of the ‘middle way’ between socialism and capitalism. Central to this idea were the Nordic co-operative movements, which became the focus of President Roosevelt's Inquiry on Co-operative Enterprise in Europe, conducted in 1936–7. Drawing mainly on the records of the Inquiry, the article explores the construction of the ‘middle way’ idea and examines the role of the Nordic co-operators in shaping international perceptions of the region, while also shedding new light on differences within the international co-operative movement during the same period.


2009 ◽  
Vol 10 (3) ◽  
pp. 498-528
Author(s):  
Robert Lewis

The devastating conditions of the Great Depression forced manufacturers to rethink their approach to workplace control, economic policy, and production practices. Although we know a great deal about how industries responded to the depression, we know very little about the changes implemented by firms. This is unfortunate as firms in the same industry face quite different problems, possess dissimilar work cultures, construct an array of production formats, and have access to a range of financial resources. Based on a literature that documents the variety of strategies devised by industries and firms, this paper shows how four Canadian textile firms—two cotton and two hosiery and knitting—reacted to the economic crisis of the Great Depression. In the face of a different array of conditions, each firm devised different restructuring strategies. The large cotton corporations responded by combining mechanization, product line change, and a new division of labor. The smaller, more competitive hosiery and knitting firms, on the other hand, imposed either a harsh regime of scientific management or conservative, piecemeal changes. In the midst of restructuring the workplace, manufacturers reasserted their prerogatives of managerial authority, selectively took advantage of the opportunities opened up by economic crisis, and created a new regime of industrial-state regulations.


2020 ◽  
Vol 32 (2) ◽  
pp. 37-40
Author(s):  
Anaru Eketone

Covid-19 is a unique conjunction of a serious disease pandemic coupled with a serious economic crisis. I took the opportunity during level four lockdown to catch up on some reading. Two books in particular discussed the previous two named depressions that Aotearoa New Zealand went through. Children of the Poor by John A. Lee (1973) dealt with poverty in Dunedin following the “Long Depression” of the late 19th century and The Slump by Tony Simpson (1990) looked at the lead-up to the “Great Depression”, its effects and its lasting legacy.


2009 ◽  
Vol 30 (2) ◽  
pp. 105-121
Author(s):  
Alan Brinkley

The Great Depression of the 1930s was the most catastrophic economic crisis of modern times. Although it began in the United States, it swept quickly through most of the industrial world and created untold misery to millions of people. It also created political and social instability and contributed significantly to the coming of World War II. Although the Depression has received enormous attention from historians, economists, and many others, there is still no consensus on the two major questions that the crisis raises.


Author(s):  
Peter Kolozi

Despite the worst economic crisis since the Great Depression conservatives have failed to express a sustained and substantive critique of capitalism. The conclusion will explore contemporary conservatives' attempts to intellectually address the economic crisis that began in 2007/08, the limits of conservatism to do so, and the ramifications on the American political discourse in general and conservative ideology in particular.


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