The massive depression of the 1930's detonated the crisis between
harsh reality and the vision of material abundance and economic
security created by the American industrial order. Amid widespread
poverty there was increasing concentration of economic power and
loss of individual initiative. Professor Hawley traces the pattern
of this conflict. He analyzes the National Recovery Administration,
the sources and nature of the antitrust ideology, the rise of
Keynesianism, the confusion within the Roosevelt Administration
during the recession of 1937-38, and the government career of
Thurman Arnold. Attention is given to the administrators of the New
Deal and to the beliefs, pressures, and symbols that affected their
policy decisions. How and why these ideas and pressures produced
policies that were economically inconsistent yet politically
workable is also explained. Originally published in 1966. The
Princeton Legacy Library uses the latest print-on-demand technology
to again make available previously out-of-print books from the
distinguished backlist of Princeton University Press. These
editions preserve the original texts of these important books while
presenting them in durable paperback and hardcover editions. The
goal of the Princeton Legacy Library is to vastly increase access
to the rich scholarly heritage found in the thousands of books
published by Princeton University Press since its founding in 1905.
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