scholarly journals The Managerial Ideal and Business Magazines in the Great Depression

2018 ◽  
Vol 19 (3) ◽  
pp. 578-609
Author(s):  
TIAGO MATA

The 1930s transformed American capitalism. This article interrogates the political economy of two business magazines created at the start of the Great Depression. I argue thatBusiness Week’s andFortune’s signature approaches to reporting articulated an ideal conception of the manager. The early century conception saw the manager as engineer of operational efficiency. The new ideal viewed the manager as a political economist coordinating firms with their external environment, notably an interventionist and scrutinizing state, volatile markets, and a critical public opinion.

1982 ◽  
Vol 42 (1) ◽  
pp. 33-40 ◽  
Author(s):  
Eugene Nelson White

The laws and regulations that shaped the structure of the banking industry from the Civil War to the Great Depression were strongly influenced by the banking community. In this period legal constraints on banks were weakened by competition between state and federal regulators trying to increase membership in their banking systems. The elimination of regulation was not completed, however, because the politically most powerful group in the industry, the unit banks, had an interest in preserving some regulations.


Author(s):  
Balázs Trencsényi ◽  
Michal Kopeček ◽  
Luka Lisjak Gabrijelčič ◽  
Maria Falina ◽  
Mónika Baár ◽  
...  

The success of the Bolshevik Revolution confirmed that economic backwardness was not necessarily an obstacle for socialism, as it triggered the radicalization of leftist movements in the region. Yet this also led to polarization of the left on questions of Soviet-Russian developments and possible cooperation with non-socialist parties, as well as agrarian and national questions. While in many countries social democracy entered the political mainstream in the 1920s, its position was undermined by the rise of right-wing authoritarianism. In turn, the Great Depression made the communist position more plausible, but the Stalinization of communist parties and the imposition of socialist realism alienated most intellectual supporters. Eventually, some radical leftists turned against the communist movement attacking its dogmatism and the Stalinist show trials. At the same time, the rise of Nazism forced leftist groups to seek a common ground, first in the form of “Popular Front” ideology, and, during the war, in the form of armed partisan movements.


2012 ◽  
Vol 13 (Supplement) ◽  
pp. 36-57 ◽  
Author(s):  
Albrecht Ritschl

AbstractThe Great Recession of 2008 hit the international economy harder than any other peacetime recession since the Great Contraction after 1929. Soon enough, analogies with the Great Depression were presented, and conclusions were drawn regarding the political response to the slump. This paper is an attempt to sort out real and false analogies and to present conclusions for policy. Its main hypothesis is that the Great Recession resembles the final phase of the Great Contraction between 1931 and 1933, characterized by a fast spreading global financial crisis and the breakdown of the international Gold Standard. The same is also true of the political responses to the banking problems occurring in both crises. The analogy seems less robust for the initial phase of the Great Depression after 1929. The monetary policy response to the Great Recession largely seems to be informed by the monetary interpretation of the Great Depression, but less so by the lessons from the interwar financial crises. As in the Great Depression, policy appears to be on a learning curve, moving away from a mostly monetary response toward mitigating counterpart risk and minimizing interbank contagion.


Author(s):  
Pamela Radcliff

In the turbulent interwar period, the political ‘Left’ was one of the most visible protagonists, with historians continuing to disagree about the role it played in shaping the outcome of the political struggles. Embedded in strong ‘moral narratives’ about the ‘rise of fascism’, the ‘crisis of democracy’, and the nature of the Bolshevik Revolution, the political Left has been vilified or lionized. For the period from the mid-1920s until 1939, both supporters and detractors agree that the Left was on the defensive, internally divided and weakened by the Great Depression and subject to repression by the state, whether democratic, authoritarian, or Stalinist. This chapter argues that the failure narrative should not subsume the vibrant experimentation and rich and contradictory diversity of the Left experience. A portrait emerges of the interwar Left that wrestled with inevitably imperfect and varied solutions to the ‘problem of community life’ in twentieth-century mass society.


2018 ◽  
Vol 53 ◽  
pp. 161-185 ◽  
Author(s):  
Marius R. Busemeyer ◽  
Philipp Lergetporer ◽  
Ludger Woessmann

1946 ◽  
Vol 6 (2) ◽  
pp. 121-152 ◽  
Author(s):  
Dudley Dillard

Although we still live in the shadow of the years between the First and the Second World Wars, already it seems quite clear that future historians of economic thought will regard John Maynard Keynes as the outstanding economist of this turbulent period. As one writer has recently said, “The rapid and widespread adoption of the Keynesian theory by contemporary economists, particularly by those who at first were highly critical, will probably be recorded in the future history of economic thought as an extraordinary happening.” Book after book by leading economists acknowledges a heavy debt to the stimulating thought of Lord Keynes. The younger generation of economists, especially those whose thinking matured during the great depression of the thirties, have been particularly influenced by him.


2009 ◽  
Vol 108 (714) ◽  
pp. 20-25 ◽  
Author(s):  
Harold James

We are likely to see more and more parallels with the political dynamics of the world of the Great Depression.


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