History/Military The New Deal and the Problem of Monopoly: A Study in Economic Ambivalence (0823216098)

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History/Military The New Deal and the Problem of Monopoly: A Study in Economic Ambivalence

Posted on 2010-03-16

Name:	History/Military The New Deal and the Problem of Monopoly: A Study in Economic Ambivalence
ASIN/ISBN:	0823216098
Language:	English
File size:	1.17 Mb
Publisher:	Fordham University Press
ISBN:	0823216098
Publish Date:	edition 1995
File Type:	PDF
Pages:	568 pages
File Size:	1,17 mb

History/Military The New Deal and the Problem of Monopoly: A Study in Economic Ambivalence

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The New Deal and the Problem of Monopoly: A Study in Economic Ambivalence

This is a detailed examination of New Deal industrial policy and how it attempted to grapple with the problem of "monopoly." The problem, in short, is this: Americans want the benefits of large-scale industrial production such as lower prices, greater economic security, etc. At the same time, we suspect that such a system may threaten individualism and democracy through over-bureaucratization and concentration of power.

This ambivalence is reflected in the incoherence of New Deal policy. The book traces the evolution of policy from the government-sponsored cartels of the NRA in the early days, to the partial planning in agriculture and transportation, to Thurman Arnold's vigorous antitrust campaign of the late 30s. The final section of the book deals with FDR's response to the 1937 economic downturn, when broad reform programs gave way to deficit spending.

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