The Business Community and the Public Schools on the Eve of the Great Depression

1964 ◽  
Vol 4 (1) ◽  
pp. 33
Author(s):  
S. Alexander Rippa
Keyword(s):  
Public Schools ◽  
Great Depression ◽  
Business Community ◽  
The Public ◽  
The Great Depression

Financial Crises and the Public Discourse on Financial Elites

2018 ◽  
Author(s):  
Youssef Cassis ◽  
Giuseppe Telesca
Keyword(s):  
Great Depression ◽  
Great Recession ◽  
Public Discourse ◽  
Codes Of Conduct ◽  
The Public ◽  
The Great Recession ◽  
The Great Depression ◽  
Early Twenty ◽  
Before And After ◽  
Late Twentieth

Why were elite bankers and financiers demoted from ‘masters’ to ‘servants’ of society after the Great Depression, a crisis to which they contributed only marginally? Why do they seem to have got away with the recent crisis, in spite of their palpable responsibilities in triggering the Great Recession? This chapter provides an analysis of the differences between the bankers of the Great Depression and their colleagues of the late twentieth/early twenty-first century—regarding their position within, and attitude towards the firm, work culture, mental models, and codes of conduct—complemented with a scrutiny of the public discourse on bankers and financiers before and after the two crises. The authors argue that the (relative) mildness of the Great Recession, compared to the Great Depression, has contributed to preserve elite bankers’ and financiers’ status, income, wealth, and influence. Yet, the long-term consequences of their loss of reputational capital are difficult to assess.

scholarly journals Public Schools in Hard Times: The Great Depression and Recent Years

1985 ◽  
Vol 90 (2) ◽  
pp. 506
Author(s):  
Ellen Condliffe Lagemann ◽  
David Tyack
Keyword(s):  
Public Schools ◽  
Great Depression ◽  
The Great Depression ◽  
Hard Times

The Post-Heroic Generation: American Independent Inventors, 1900–1950

2011 ◽  
Vol 12 (4) ◽  
pp. 732-748 ◽  
Author(s):  
Eric S. Hintz
Keyword(s):  
Twentieth Century ◽  
World War I ◽  
Research And Development ◽  
Great Depression ◽  
Transitional Period ◽  
World War ◽  
The Public ◽  
The Great Depression ◽  
Polaroid Camera ◽  
Samuel Ruben

By World War I, the public (and later, many historians) had come to believe that teams of anonymous scientists in corporate research and development (R&D) laboratories had displaced “heroic” individual inventors like Thomas Edison and Alexander Graham Bell as the wellspring of innovation. However, the first half of the twentieth century was actually a long transitional period when lesser known independents like Chester Carlson (Xerox copier), Earl Tupper (Tupperware), Samuel Ruben (Duracell batteries), and Edwin Land (Polaroid camera) continued to make notable contributions to the overall context of innovation. Accordingly, my dissertation considers the changing fortunes of American independent inventors from approximately 1900 to 1950, a period of expanding corporate R&D, the Great Depression, and two world wars. Contrary to most interpretations of this period, I argue that individual, “post-heroic” inventors remained an important, though less visible, source of inventions in the early twentieth century.

Bank Failures, The Great Depression, and Other “Contagious” Events

2019 ◽  
pp. 909-927
Author(s):  
Charles W. Calomiris
Keyword(s):  
Public Policy ◽  
Great Depression ◽  
Deposit Insurance ◽  
Policy Implications ◽  
Bank Failures ◽  
Historical Evidence ◽  
Lender Of Last Resort ◽  
Safety Nets ◽  
The Public ◽  
The Great Depression

Deposit withdrawal pressures on banks, which sometimes take the form of sudden runs, have figured prominently in the discussion of public policy toward banks and the construction of safety nets such as deposit insurance and the lender of last resort. This chapter examines historical evidence from the Great Depression, and other episodes, on the factors that prompted withdrawals, the discussion of contagious runs, and the public policy implications. The historical evidence is presented in detail and is connected to the debate over the proper roles of deposit market discipline via the threat of withdrawals, the insurance of deposits, and lender-of-last-resort support for banks facing withdrawal pressures.

The Little Bank That Could: An Examination of the Historical and Financial Records of One Bank That Survived the Great Depression

2019 ◽  
Vol 46 (2) ◽  
pp. 9-23
Author(s):  
Eric D. Bostwick
Keyword(s):  
Great Depression ◽  
Data Availability ◽  
Historical Documents ◽  
Small Bank ◽  
The Public ◽  
The Great Depression ◽  
Financial Climate ◽  
National Bank ◽  
Jel Classifications

ABSTRACT Founded in 1910, The First National Bank of Oxford had been in existence for only about 20 years when the Great Depression struck. While other banks failed, this small bank in rural Mississippi survived, and it is still in operation today as FNB Oxford Bank. But beyond merely surviving, the First National Bank of Oxford appears to have thrived in this harsh financial climate: it doubled the balance of its individual depositors' accounts in the midst of the darkest months of the Great Depression. Using historical documents and extant accounting records, this paper examines how the First National Bank of Oxford was able to persist and prosper through the Great Depression. JEL Classifications: E02; G01; G21; G33; M41; N21. Data Availability: Data are available from the public sources cited in the text.

Did Takahashi Korekiyo Rescue Japan from the Great Depression?

2003 ◽  
Vol 63 (1) ◽  
pp. 127-144 ◽  
Author(s):  
Myung Soo Cha
Keyword(s):  
Exchange Rate ◽  
Great Depression ◽  
Exchange Rate Regime ◽  
Structural Vector Autoregression ◽  
The Public ◽  
The Great Depression ◽  
Finance Minister ◽  
Floating Exchange Rate ◽  
Exchange Rate Shocks

Takahashi Korekiyo is remembered as a wise finance minister saving Japan from the Great Depression. The contribution of his policy measures however remains to be rigorously measured, with proper control of other forces also driving the recovery. Structural vector autoregression analysis of previously unexploited monthly data confirms the pivotal role of Takahashi's debt-financed fiscal expansion. Monetizing the public debts, the Bank of Japan maintained a neutral stance. The recovery was aided by exchange-rate shocks generated during the transition from the gold standard to the floating-exchange-rate regime and, to a smaller extent, by the world recovery.

scholarly journals Public Schools in Hard Times: The Great Depression and Recent Years.

1986 ◽  
Vol 15 (2) ◽  
pp. 251
Author(s):  
Michael W. Sedlak ◽  
David Tyack ◽  
Robert Lowe ◽  
Elizabeth Hansot
Keyword(s):  
Public Schools ◽  
Great Depression ◽  
The Great Depression ◽  
Hard Times

scholarly journals Public Schools in Hard Times: The Great Depression and Recent Years

1984 ◽  
Vol 4 (1) ◽  
pp. 123
Author(s):  
Henry M. Levin ◽  
David Tyack ◽  
Robert Lowe ◽  
Elisabeth Hansot
Keyword(s):  
Public Schools ◽  
Great Depression ◽  
The Great Depression ◽  
Hard Times
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