ISBN : 9789811264283
Author : Beaudreau Bernard C
Publisher : World Scientific
Year : 2023
Language : English
Type : E-book
Description : This book is part of a new generation of work on the events of the 1920s and 1930s, one that provides a gestalt view of this period. As such, the many events that have until now been viewed as unrelated, are viewed as parts of a greater whole, namely the introduction of a new power drive technology in the form of electric unit drive and its effects. The Roaring Twenties, the spectacular growth of the 1920s, the Smoot-Hawley Tariff Act, the Stock Market Boom and Crash, the decline in investment expenditure, the ensuing depression and the National Industrial Recovery Act are all shown to be related. Sample Chapter(s) Preface Chapter 1: Introduction Contents: Introduction Literature Review Electric Unit Drive and Interconnected Power Grids Assessing the Impact of Electric Unit Drive-Based Acceleration on Productivity and Rated Capacity: The Case of the 1920s and 1930s The Smoot–Hawley Tariff Bill: The Republican Party Responds to Growing Excess Capacity Wall Street Responds Favorably to the Proposed Tariff Bill The Stock Market Crash and the Decline in Investment: The Depression Sets In The National Industrial Recovery Act: FDR's Bold Attempt at Closing the Gap Why So Slow? The Role of Ongoing Conversion/Acceleration in Delaying the Recovery Summary and Conclusions Readership: Academics, researchers; undergraduate and graduate students; general public, specifically those with an interest in economic history and history in general.