By Mark Hendrickson
As soon as considered as a unique period characterised by means of severe bigotry, nostalgia for easier occasions, and a revulsion opposed to lively executive, the Twenties were rediscovered by means of historians in fresh a long time as a time whilst Herbert Hoover and his allies labored to noticeably reform financial coverage. In American hard work and financial Citizenship, Mark Hendrickson either augments and amends this view through learning the origins and improvement of recent period coverage services and information. Policy-oriented social scientists in govt, alternate union, educational, and nonprofit corporations confirmed how tools for reaching sturdy fiscal progress via elevated productiveness may perhaps either defang the feared enterprise cycle and defuse the trend of antagonistic classification kin that Gilded Age depressions had helped to set as an American method of commercial relatives. associated via rising associations corresponding to the Social technology learn Council, the nationwide city League, and the Women's Bureau, social investigators attacked rampant sexual and racial discrimination, frequently justified by way of mistaken organic arguments, that denied woman and minority employees complete fiscal citizenship within the place of work and the polity. those students established that those practices not just restricted productiveness and undercut multiplied intake, but in addition belied the claims for equity that needs to buttress coverage visions in a democracy.
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Extra resources for American Labor and Economic Citizenship: New Capitalism from World War I to the Great Depression
Margo, “The Great Compression: The Introduction 13 Third, this apparent oversight suggests a failure to recognize that concentrating so much income into a small group of earners might stunt demand for the consumer products that American industry could now produce in such growing abundance. As John Maynard Keynes and others would observe a decade later, when hard times hit, wages might be “sticky” but output was not. When demand ebbed late in the New Era, manufactures might hold off on layoffs for a stretch – as Hoover advocated – but when demand failed to recover, layoffs ensued and a vicious cycle of falling demand and employment put the nation on track for the worst economic downturn in its history.
Hawley, “Herbert Hoover, the Commerce Secretariat, and the Vision of an ‘Associative State,’ 1921–1928,” JAH 61 (1974): 116– 40; Judith Sealander, Private Wealth and Public Life: Foundation Philanthropy and Reshaping of America Social Policy from the Progressive Era to the New Deal (Baltimore: 44 26 American Labor and Economic Citizenship This new approach to capitalism and managing the economy was reflected in the expansion of the range of economic issues that shifted from the private to the public domain.
In doing so they described a more nuanced and contingent understanding of the relationship, not just between labor and capital, but among specific groups of workers and employers. Here Hoover’s faith in farsighted capitalists and the shared interest of homogenized labor and capital was challenged by a more wary and historically informed analysis. ” Emancipation, in this telling of the story, had kept white workers “restless and uncomfortable,” culminating in the ongoing effort of some trade unions and employers to cooperate in order to bar black workers from certain occupations and workplaces.
American Labor and Economic Citizenship: New Capitalism from World War I to the Great Depression by Mark Hendrickson