Introduction

Robert Bigg

A chapter in Alvin Hansen, 2023, pp 1-6 from Palgrave Macmillan

Abstract: Abstract America in the early twentieth century was an uneasy alliance of agriculture, industry, and finance, laid bare in the speculative boom of 1929, subsequent crash, and Great Depression of the 1930s. The pioneering west versus the financial control of the east. The New Deal reflected those different concerns, balanced with the needs of the population and democracy as a whole, as it sought to find the right mix of planning and control in an essentially capitalist system while avoiding the fascism of monopoly or the totalitarianism of a planned socialist economy.

Keywords: Alvin Hansen; Stabilisation; Thomas Hart Benton (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:pal:gtechp:978-3-031-42216-4_1

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DOI: 10.1007/978-3-031-42216-4_1

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