How the Republicans Caused the Stock Market Crash of 1929

How the Republicans Caused the Stock Market Crash of 1929
Author: Bernard Beaudreau
Publisher: iUniverse
Total Pages: 219
Release: 2005-12
Genre: Business & Economics
ISBN: 0595379087

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This book presents an alternative view of the Stock Market Boom and Crash of 1929 as having resulted from government intervention, specifically from a case of flawed government policy in the form of the Republican party's 1928 election promise of an upward tariff revision―the Smoot-Hawley Tariff Bill. As such, the stock market in particular and the market mechanism in general were not to blame, government was. Where the market was to blame, however, was in its reaction to the massive technology shock that was electric power-based extremely-high-throughput, continuous-flow mass production techniques (EHTCFPT) pioneered at the Ford Motor Company's Highland Park plant in Detroit, Michigan. Specifically, aggregate income and expenditure failed to rise commensurately with vastly increased productive capacity, resulting in under income.

How the Republicans Engineered the Stock Market Crash of 1929 and the Financial Meltdown Of 2008

How the Republicans Engineered the Stock Market Crash of 1929 and the Financial Meltdown Of 2008
Author: Bernard C. Beaudreau
Publisher: Lulu.com
Total Pages: 186
Release: 2009-04-30
Genre: Business & Economics
ISBN: 0557060613

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Shows how and why the Stock Market Crash of 1929 and the Financial Meltdown of 2008 both occurred under Republican Administrations. In both cases, unsustainable policy measures aimed at increasing purchasing power led to boom and bust. In the 1920's, tariff policy was used to bolster product markets; in the 1980's and 1990's, easy credit (consumer and mortgage) policies were used to do likewise. Both proved to be unsustainable, leading ultimately to financial meltdowns---the Stock Market Crash of 1929 and the Financial Meltdown of 2008.

The Stock Market Boom and Crash of 1929 Was Not a Bubble

The Stock Market Boom and Crash of 1929 Was Not a Bubble
Author: Bernard C. Beaudreau
Publisher: Cambridge Scholars Publishing
Total Pages: 146
Release: 2019-10-23
Genre: Business & Economics
ISBN: 1527542033

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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.

Addresses Upon the American Road

Addresses Upon the American Road
Author: Herbert Hoover
Publisher:
Total Pages: 448
Release: 1938
Genre: United States
ISBN:

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Mass Production, the Stock Market Crash, and the Great Depression

Mass Production, the Stock Market Crash, and the Great Depression
Author: Bernard C. Beaudreau
Publisher: Greenwood
Total Pages: 216
Release: 1996-10-21
Genre: Business & Economics
ISBN:

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Economists and historians have viewed the events of the 1920s, the stock market boom and crash, the Great Depression and the New Deal, as largely independent events. This work provides an integrated view of this important period arguing that all of these events were the result of the electrification of U.S. industry from 1910 to 1926. The author goes from electrification through the stock market boom to the tariffs of the late 20s to the stock market crash and depression followed by the National Industrial Recovery Act in 1933. The conclusion is that the NIRA is an attempt to correct the imbalance between production and consumption caused by industrial electrification.

Economy and State

Economy and State
Author: Nina Bandelj
Publisher: John Wiley & Sons
Total Pages: 186
Release: 2013-05-08
Genre: Social Science
ISBN: 0745658830

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Should governments be involved in economic affairs? Challenging prevailing wisdom about the benefits of self-regulating markets, Nina Bandelj and Elizabeth Sowers offer a uniquely sociological perspective to emphasize that states can never be divorced from economy. From defining property rights and regulating commodification of labor to setting corporate governance standards and international exchange rules, the state continuously manages the functioning of markets and influences economic outcomes for individuals, firms and nations. The authors bring together classical interventions and cutting-edge contemporary research in economic sociology to discuss six broad areas of economy/state connection: property, money, labor, firms, national economic growth, and global economic exchange. A wealth of empirical examples and illustrations reveals that even if the nature of state influence on economy varies across contexts, it is always dependent on social forces. This accessible and engaging book will be essential reading for upper-level students of economic sociology, and those interested in the major economic dilemmas of our times. .

Grumpy Old Party

Grumpy Old Party
Author: Constantinos E. Scaros
Publisher: WestBow Press
Total Pages: 128
Release: 2015-10-29
Genre: Political Science
ISBN: 1512713236

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As a term of praise for having won the Civil War and having kept the nation together, the Republicans were dubbed the Grand Old Party or GOP. In their century-and-a-half of history, they elected more presidents than any other party. After losing the popular vote in the 2000 presidential election, eking out a tough win in 2004, and losing in 2008 and particularly in 2012 to an incumbent on whose watch a listless economy couldnt push unemployment much below 8 percent, the attitude of the Republican Party turned sour and negative. GOP might as well had stood for Grumpy Old Party. But all is not lost. In Grumpy Old Party, author Constantinos Scaros identifies 20 tips that will help the party move beyond recent losses, reclaim their respectability, and win. Instead of spending all that money on political advisors, every Republican should read this book instead! - Tricia Erickson, author of Can Mitt Romney Serve Two Masters?

1929 and 2008: Two Crashes, One Cause

1929 and 2008: Two Crashes, One Cause
Author: Bernard C. Beaudreau
Publisher: Lulu.com
Total Pages: 185
Release: 2009-02-28
Genre: Business & Economics
ISBN: 0557041090

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Draws parallels between the Financial Meltdown of 2008 and the Stock Market Crash of 1929. Argues that both were ultimately the result of technological change with electrification being the root cause of the Stock Market Crash of 1929 and factory automation and outsourcing being the cause of the current financial meltdown/crash. Shows how in both cases, money income was insufficient to sustain full employment and how Republican Administrations set out to resolve the problem (Hoover with commercial policy in 1929, Reagan and Bush in the 1980's with disguised fiscal policy in the form of mortgage securitization). Provides estimates of the income and expenditure shortfall from 1984 to 2009 in the range of $5 to $7 Trillion, which is shown to correspond to the extent of the sub-prime mortgage debacle. Concludes by discussing the various policy options available to the Obama Administration.

The Financial Crisis Inquiry Report

The Financial Crisis Inquiry Report
Author: Financial Crisis Inquiry Commission
Publisher: Cosimo, Inc.
Total Pages: 692
Release: 2011-05-01
Genre: Political Science
ISBN: 1616405414

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The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

Years of adventure, 1874-1920

Years of adventure, 1874-1920
Author: Herbert Hoover
Publisher:
Total Pages: 536
Release: 1951
Genre: Presidents
ISBN:

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