Suchergebnisse

Slavery and the Civil War -- Reconstruction -- The Gilded Age and Jim Crow laws -- The Great Migration, Depression and world wars -- Postwar prosperity and the civil rights movement -- A new Gilded Age and mass incarceration -- Racism rises and America declines.

Using new archival data from goldsmith banks, Temin and Voth document how government regulation and wartime financing stifled the growth of private credit markets during the Industrial Revolution. They show how, after a turbulent start, banks adapted and found a way to grow, but how the economy at large lost out.

"This paper discusses parallels between our current recession and the Great Depression for the intelligent general public. It stresses the role of economic models and ideas in public policy and argues that gold-standard mentality still holds sway today. The parallels are greatest in the generation of the crises, and they also illuminate the policy choices being made today. We have escaped a repeat of the Depression, but we appear to have lost the opportunity for significant financial reform"--National Bureau of Economic Research web site

How do business enterprises control their subunits? In what ways do existing paths of communication within a firm affect its ability to absorb new technology and techniques? How do American banks affect how companies operate? Do theoretical constructs correspond to actual behavior? Because business enterprises are complex institutions, these questions can prove difficult to address. All too often, firms are treated as the atoms of economics, the irreducible unit of analysis. This accessible volume, suitable for course use, looks more closely at the American firm-into its internal workings and