From New Era to New Deal: Herbert Hoover, the Economists, and American Economic Policy



From New Era to New Deal: Herbert Hoover, the Economists, and American Economic Policy
Publisher: Cambridge University Press | ISBN: 0521305268 | edition 1985 | File type: PDF | 256 pages | 19 mb

In popular imagery, Herbert Hoover is often stereotyped as a 'do-nothing' president who offered only nineteenth-century slogans for the greatest economic catastrophe in twentieth-century American history. Nothing could be further from the truth. This study examines the properties of an innovative approach to economic growth and stability formulated by Hoover and his associates during his years as secretary of commerce (1921-9) and inspects his deployment of this strategy from the White House following the Great Crash in the autumn of 1929. Attention is then focused on Hoover's attempts to reformulate his macro-economic programme as the depression deepened in late 1931 and 1932.

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