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Cover -- Half Title -- Title Page -- Copyright Page -- Contents -- List of Illustrations -- List of Tables and Graphs -- Forward -- Preface -- PROLOGUE: WORLD ECONOMY BETWEEN WARS -- Economic Aftermath of War -- Gold-Plated Standard -- World Depression -- Departure from Gold -- Defaulting Debtors -- Economic Autarchy and Rearmament -- Recession and World War -- I . DESCENT AND DEFICIT -- Stock Market Collapse -- Whistling in the Dark -- Fluctuations during Depression -- Public Purse Flattened -- Economy Enjoined -- New Deal Deficit Financing -- Deeper into Debt -- Recession and Renewed Spending -- Defense as Object of Spending -- Defense Deficits Accepted -- Response in Heavy Industries and Employment -- II . HOOVER' DEPRSESSION POLICIES -- America's Part in World Depression -- Restricted Imports Lessened Dollar Exchange -- Farm Relief Badly Needed -- Bumper Crops or Drought, but Always Mortgages -- Abortive Efforts of Farm Board -- Injurious Hawley-Smoot Tariff of 1930 -- Reconstruction Finance Corporation -- Unwelcome Publicity for Big Borrowers -- III . EVOLUTION OF RELIEF -- Embarrassing Reputation -- Bread Line for Business -- Scholars Had Few Solutions -- Counts of the Unemployed -- Basis of Unemployment Estimates -- Voluntary and Decennial Censuses -- Character of Unemployment -- Bankruptcy of Private Philanthropy -- Disappointed Reliance on Local Relief -- Starving in the Midst of Surplus -- Rural Idyll -- Shame of Anacostia Flats -- Portentous Forecast -- Hoover's Inhibited Public Works -- Save or Spend? -- IV. BANKING AND CURRENCY CRISIS -- New Deal "Brains Trust" -- Phenomenal Bank Failures -- Bank Paralysis -- Measures to Meet Financial Crisis -- Preparation for Inflation -- World Economic Conference Scuttled -- A Discomfited Messenger -- William Jennings Bryan Redivivus -- Domestic Intent Political, Worl dEffects Pernicious