[PDF] The President And American Capitalism Since 1945 eBook

Author : Mark H. Rose
Publisher : University Press of Florida
Page : 363 pages
File Size : 23,88 MB
Release : 2017-11-14
Category : History
ISBN : 0813052076

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This volume describes the many ways presidential actions have affected the development of capitalism in the post–World War II era. Contributors show how, since Harry S. Truman took office in 1945, the American "Consumer-in-Chief " has exerted a decisive hand as well as behind-the-scenes influence on the national economy. And, by extension, on the everyday lives of Americans. The Employment Act of 1946 expanded presidential responsibility to foster prosperity and grow the economy. However, the details and consequences of the president’s budget often remain obscured because of the budget’s size and complexity, perpetuating an illusion that presidents matter less than markets. Essays in this volume highlight the impact of presidential decisions on labor, gender discrimination, affirmative action, poverty, student loans, and retirement planning. They examine how a president can influence the credit card economy, the rebuilding of postindustrial cities, growth in the energy sector and the software industry, and even advances in genetic engineering. They also look at how economic gains in one particular area can have ramifications in other areas. National defense strategies have led to the privatization of weapons acquisition and the development of the modern research university to create a defensive brain trust among citizens. Policies aimed at supporting competitive American businesses—for example, in the biotech field—also affect the environment. This book is an important contribution to the history of capitalism, articulating how the president—by supporting policies that promote business growth in all sectors—has helped domestic companies expand internationally and added to a global image of the United States that is deeply intertwined with its leading corporations.

Author : Mark H. Rose
Publisher :
Page : pages
File Size : 37,33 MB
Release :
Category : Economic development
ISBN : 9780813053455

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This anthology contributes to the literature on the history of capitalism and connects the fields of political history, business history, and presidential studies. The essays demonstrate the prominent role of presidents in the economic and social fabric of American life. At the same time, the essays highlight the changing role of liberalism in post-World War II America. The chapters are organized thematically and grouped together as sections on patterns, sectors, and environments. The book, likewise, emphasizes the key role played by the presidency in the development of capitalism since 1945.

Author : Alan Greenspan
Publisher : Penguin
Page : 496 pages
File Size : 24,97 MB
Release : 2018-10-16
Category : Business & Economics
ISBN : 0735222452

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From the legendary former Fed Chairman and the acclaimed Economist writer and historian, the full, epic story of America's evolution from a small patchwork of threadbare colonies to the most powerful engine of wealth and innovation the world has ever seen. Shortlisted for the 2018 Financial Times and McKinsey Business Book of the Year Award From even the start of his fabled career, Alan Greenspan was duly famous for his deep understanding of even the most arcane corners of the American economy, and his restless curiosity to know even more. To the extent possible, he has made a science of understanding how the US economy works almost as a living organism--how it grows and changes, surges and stalls. He has made a particular study of the question of productivity growth, at the heart of which is the riddle of innovation. Where does innovation come from, and how does it spread through a society? And why do some eras see the fruits of innovation spread more democratically, and others, including our own, see the opposite? In Capitalism in America, Greenspan distills a lifetime of grappling with these questions into a thrilling and profound master reckoning with the decisive drivers of the US economy over the course of its history. In partnership with the celebrated Economist journalist and historian Adrian Wooldridge, he unfolds a tale involving vast landscapes, titanic figures, triumphant breakthroughs, enlightenment ideals as well as terrible moral failings. Every crucial debate is here--from the role of slavery in the antebellum Southern economy to the real impact of FDR's New Deal to America's violent mood swings in its openness to global trade and its impact. But to read Capitalism in America is above all to be stirred deeply by the extraordinary productive energies unleashed by millions of ordinary Americans that have driven this country to unprecedented heights of power and prosperity. At heart, the authors argue, America's genius has been its unique tolerance for the effects of creative destruction, the ceaseless churn of the old giving way to the new, driven by new people and new ideas. Often messy and painful, creative destruction has also lifted almost all Americans to standards of living unimaginable to even the wealthiest citizens of the world a few generations past. A sense of justice and human decency demands that those who bear the brunt of the pain of change be protected, but America has always accepted more pain for more gain, and its vaunted rise cannot otherwise be understood, or its challenges faced, without recognizing this legacy. For now, in our time, productivity growth has stalled again, stirring up the populist furies. There's no better moment to apply the lessons of history to the most pressing question we face, that of whether the United States will preserve its preeminence, or see its leadership pass to other, inevitably less democratic powers.

Author : Jonathan Levy
Publisher : Random House Trade Paperbacks
Page : 945 pages
File Size : 37,47 MB
Release : 2022-04-05
Category : Business & Economics
ISBN : 0812985184

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A leading economic historian traces the evolution of American capitalism from the colonial era to the present—and argues that we’ve reached a turning point that will define the era ahead. “A monumental achievement, sure to become a classic.”—Zachary D. Carter, author of The Price of Peace In this ambitious single-volume history of the United States, economic historian Jonathan Levy reveals how capitalism in America has evolved through four distinct ages and how the country’s economic evolution is inseparable from the nature of American life itself. The Age of Commerce spans the colonial era through the outbreak of the Civil War, and the Age of Capital traces the lasting impact of the industrial revolution. The volatility of the Age of Capital ultimately led to the Great Depression, which sparked the Age of Control, during which the government took on a more active role in the economy, and finally, in the Age of Chaos, deregulation and the growth of the finance industry created a booming economy for some but also striking inequalities and a lack of oversight that led directly to the crash of 2008. In Ages of American Capitalism, Levy proves that capitalism in the United States has never been just one thing. Instead, it has morphed through the country’s history—and it’s likely changing again right now. “A stunning accomplishment . . . an indispensable guide to understanding American history—and what’s happening in today’s economy.”—Christian Science Monitor “The best one-volume history of American capitalism.”—Sven Beckert, author of Empire of Cotton

Author : Harry G. Shaffer
Publisher : Bloomsbury Publishing USA
Page : 152 pages
File Size : 34,56 MB
Release : 1999-07-30
Category : Political Science
ISBN : 0313389683

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The conventional wisdom has it that a balanced budget is the height of economic rationality, that social security should be privatized, and that most adult welfare recipients could and should get jobs. All our social and economic problems, we are told, are due to too much government; if we only left the American free enterprise system alone, the free market would heal all that ails our society and lead to lasting prosperity. Challenging these widespread stereotypes and myths, this book starts with the fundamental theory underlying capitalist ideology, showing that even in theory an unfettered free market cannot deal effectively with the many needs of a modern economy. Our society has many social goals to which the great majority subscribe—goals such as sustained full employment, universal health care, and quality education for all. The free market will not, the author argues, bring us quality education for every American child, affordable universal health care, Social Security for the elderly, assistance for the poor, or protection of the environment. Only an active, participant government can affect positive change in such areas of social concern.

Author : Wyatt C. Wells
Publisher : Ivan R. Dee Publisher
Page : 232 pages
File Size : 29,71 MB
Release : 2003
Category : Business & Economics
ISBN :

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A compact and incisive history of the American economy since 1945, concentrating on the development of economic policy, economic structure, and ideas about both, and explaining the complex interaction of these factors over the past half-century.

Author : David Stockman
Publisher : PublicAffairs
Page : 0 pages
File Size : 33,74 MB
Release : 2014-09-02
Category : Political Science
ISBN : 9781610395236

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A New York Times bestseller The Great Deformation is a searing look at Washington's craven response to the recent myriad of financial crises and fiscal cliffs. It counters conventional wisdom with an eighty-year revisionist history of how the American state—especially the Federal Reserve—has fallen prey to the politics of crony capitalism and the ideologies of fiscal stimulus, monetary central planning, and financial bailouts. These forces have left the public sector teetering on the edge of political dysfunction and fiscal collapse and have caused America's private enterprise foundation to morph into a speculative casino that swindles the masses and enriches the few. Defying right- and left-wing boxes, David Stockman provides a catalogue of corrupters and defenders of sound money, fiscal rectitude, and free markets. The former includes Franklin Roosevelt, who fathered crony capitalism; Richard Nixon, who destroyed national financial discipline and the Bretton Woods gold-backed dollar; Fed chairmen Greenspan and Bernanke, who fostered our present scourge of bubble finance and addiction to debt and speculation; George W. Bush, who repudiated fiscal rectitude and ballooned the warfare state via senseless wars; and Barack Obama, who revived failed Keynesian “borrow and spend” policies that have driven the national debt to perilous heights. By contrast, the book also traces a parade of statesmen who championed balanced budgets and financial market discipline including Carter Glass, Harry Truman, Dwight Eisenhower, Bill Simon, Paul Volcker, Bill Clinton, and Sheila Bair. Stockman's analysis skewers Keynesian spenders and GOP tax-cutters alike, showing how they converged to bloat the welfare state, perpetuate the military-industrial complex, and deplete the revenue base—even as the Fed's massive money printing allowed politicians to enjoy “deficits without tears.” But these policies have also fueled new financial bubbles and favored Wall Street with cheap money and rigged stock and bond markets, while crushing Main Street savers and punishing family budgets with soaring food and energy costs. The Great Deformation explains how we got here and why these warped, crony capitalist policies are an epochal threat to free market prosperity and American political democracy.

Author : Henry F. Graff
Publisher : Macmillan
Page : 180 pages
File Size : 32,74 MB
Release : 2002-08-20
Category : Biography & Autobiography
ISBN : 1429998008

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A fresh look at the only president to serve nonconsecutive terms. Though often overlooked, Grover Cleveland was a significant figure in American presidential history. Having run for President three times and gaining the popular vote majority each time -- despite losing the electoral college in 1892 -- Cleveland was unique in the line of nineteenth-century Chief Executives. In this book, presidential historian Henry F. Graff revives Cleveland's fame, explaining how he fought to restore stature to the office in the wake of several weak administrations. Within these pages are the elements of a rags-to-riches story as well as an account of the political world that created American leaders before the advent of modern media.

Author : Wallace C. Peterson
Publisher : Routledge
Page : 264 pages
File Size : 13,19 MB
Release : 1982
Category : Biography & Autobiography
ISBN :

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"Wallace Peterson addresses the great economic puzzle of our time: the stubborn persistence of excessive inflation and unemployment. This condition, often described by the unlovely term "stagflation," is symptomatic of deeply rooted ills in the way our system of market capitalism operates. It is not a condition that can be cured by use of conventional economic tools--fiscal and monetary policies. Experience since the mid-1960s shows that such efforts usually make the situation worse. The answer to the problem lies elsewhere"--Book jacket.