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Cover -- Half Title -- Title Page -- Copyright Page -- Contents -- Preface -- 1 What Are the National Party Gommittees? -- 2 Development and Organization of the National Party Gommittees -- 3 National Gommittee Members: Who and Why -- 4 The National Party Chairmen: Responsibility without Power -- 5 The National Party Ghairmen: In-Party and Out-Party -- 6 National Conventions and Gampaign Organizations -- 7 Public Relations Research^ and Patronage -- 8 Groups and the National Gommittees -- 9 Financing the National Gommittees -- 10 The Republican National Committee and "Party Policy," 1920-1963 -- 11 The Democratic Advisory Gouncil -- 12 The National Gommittees and Party Government -- Index

"This book is part of a new generation of work on the events of the 1920s and 1930s, one that provides a gestalt view of this period. As such, the many events that have until now been viewed as unrelated, are viewed as parts of a greater whole, namely the introduction of a new power drive technology in the form of electric unit drive and its effects. The Roaring Twenties, the spectacular growth of the 1920s, the Smoot-Hawley Tariff Act, the Stock Market Boom and Crash, the decline in investment expenditure, the ensuing depression and the National Industrial Recovery Act are all shown to be related."

Intro -- Acknowledgements -- Contents -- List of Figures -- List of Tables -- 1 Introduction -- References -- 2 The Magic Hand of Speed: A Historical Account -- 2.1 Introduction -- 2.2 Machine Speed: First Principles -- 2.2.1 Definitions -- 2.2.2 Illustrations -- 2.3 Two Ages of Machine Speed -- 2.3.1 First Age of Machine Speed -- 2.3.2 Second Age of Machine Speed -- 2.4 Machine Speed: The Invisible Factor -- 2.4.1 The Dearth of Work on Machine Speed in General -- 2.5 Speed and Speed-ups: The Economics, Engineering, and Management Literatures -- 2.5.1 Nineteenth- and Twentieth-century Political Economy: Energy and Motion, or Machine Speed by Another Name -- 2.5.2 Engineering -- 2.5.3 Management -- 2.6 Summary and Conclusions -- References -- 3 The Kinetics Approach to Production -- 3.1 Introduction -- 3.2 Model -- 3.2.1 Tier I: Mechanical and Chemical Kinetics at the Sub-process and Plant Levels -- 3.2.2 Tier II: Organization and the Demand for Supervision and Tools -- 3.2.3 Aggregating Across Firms Within an Industry/Sector -- 3.2.4 Production Per Factor Indexes -- 3.3 Empirical Evidence -- 3.3.1 Tier I: Testing the Theory of Process/Sub-process Kinetics -- 3.4 The Kinetic Approach to Production: Applications and Implications -- 3.4.1 Factor Substitution: Separating Fact from Fiction -- 3.4.2 The End of Human Supervision, Not the End of Work -- 3.4.3 The Labor PFI in the Post-WWII Era -- 3.5 Summary and Conclusions -- References -- 4 Speed-ups: Logistics and Profitability -- 4.1 Introduction -- 4.2 Statistical Speed-ups: The Two Dimensions -- 4.2.1 The Logistics of Machine Speed-ups -- 4.2.2 Statistical Machine Speed: The Role of Machine Downtime -- 4.3 Case Studies -- 4.3.1 Case Study I: The Hawkeye Meat Company -- 4.3.2 Case Study II: Canada Wire and Cable Company -- 4.3.3 Case Study III: The McLean Shipping Company.

In the aftermath of the stock market crash of 1929, Yale University Economics Professor Irving Fisher remained steadfast in his view that the boom in prices had been warranted, pointing to the myriad innovations of the 1920s, including the introduction of the electric unit drive and utility-supplied power. Dismissed by most, this view has since given way to Alan Greenspan's view of irrational exuberance. This book presents a series of contemporary and period writings which rehabilitate the fundamentals view, showing why Irving Fisher was right. Whereas Fisher was unable to provide a convincing narrative for the crash, these writings point to the Hoover Administration's tariff initiative, the Smoot-Hawley Tariff Bill, as the key element which contributed to both the boom and the crash.