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This book examines one of the most important economic outcomes in
American history-the breakdown of the Keynesian Revolution. Drawing
on economic literature, the memoirs of economists and politicians,
and the popular press, Eric Crouse examines how economic decline in
the 1970s precipitated a political revolution. Keynesian thought
flourished through the presidencies of Lyndon B. Johnson, Richard
Nixon, and Gerald Ford, until stagflation devastated American
workers and Jimmy Carter's economic policies faltered, setting the
stage for the 1980 presidential campaign. Tracking years of
shifting public opinion and colorful debate between free-market and
Keynesian economists, this book illuminates a neglected era of
American economic history and shows how Ronald Reagan harnessed a
vision of small government and personal freedom that transformed
the American political landscape.
Margaret Chase Smith was the first woman in American history
elected in both the House of Representatives and the Senate, the
first politician to take a public stand against McCarthyism, and
the first woman of a major political party to run for president of
the United States. An American Stand: Senator Margaret Chase Smith
and the Communist Menace, 1948-1972 explores her engagement with
the "masculine" issue of national defense. An unyielding foe of
global communism, this Republican senator was the first female Cold
Warrior. During the Korean War, she voiced strident anti-communist
rhetoric in her newspaper column. Her energetic support for nuclear
superiority in the fifties and sixties caused Nikita Khrushchev to
describe her as "Satan in the guise of a woman." In the face of
growing opposition to America's involvement in Vietnam, Smith
remained committed to a clear stand against violent communist
expansion. This book examines the exposition of the communist
"menace" and the Cold War as a fight between good and evil without
sanitization of communist leaders' ruthless actions. For Smith and
many others, America's fight against global communism, despite
appalling sacrifices of lives and money, made sense because they
believed that communism was a vicious, expansionist system with
little respect for human life and freedom.
Britain experienced two stunning developments in the late 1970s.
Post-war Keynesianism and big government fell out of favor, and,
for the first time, British voters chose a female prime minister.
When Margaret Thatcher became leader of the Conservative Party in
1975, she was the first leader to oppose the consensus views of
both the Labour Party and centrist Tories who, in varying degrees,
accepted Keynesianism and state ownership of industry. The author
argues that with her faith in monetarism, Thatcher paved the way
for a significant realignment of the Conservative Party and British
politics. With her traditional conservatism stretching back to her
childhood years and her receptiveness to free-market arguments that
revealed the economic shortcomings of Keynesianism and socialism,
she developed a strong case against government management of the
economy. The author explains that Thatcher's fight for economic
change had both dramatic and subtle stages. In the end, the issue
of inflation altered British economics and politics and Thatcher
was there to take advantage of the moment and score a victory over
"socialism."
This book examines one of the most important economic outcomes in
American history-the breakdown of the Keynesian Revolution. Drawing
on economic literature, the memoirs of economists and politicians,
and the popular press, Eric Crouse examines how economic decline in
the 1970s precipitated a political revolution. Keynesian thought
flourished through the presidencies of Lyndon B. Johnson, Richard
Nixon, and Gerald Ford, until stagflation devastated American
workers and Jimmy Carter's economic policies faltered, setting the
stage for the 1980 presidential campaign. Tracking years of
shifting public opinion and colorful debate between free-market and
Keynesian economists, this book illuminates a neglected era of
American economic history and shows how Ronald Reagan harnessed a
vision of small government and personal freedom that transformed
the American political landscape.
The dominant political theme of the State of Israel is the
perpetual quest for security. In its first 25 years, Israel
experienced five wars with Arab states declaring their goal to
destroy Israel. In Israel and War: American Christians Standing
With the Chosen People, 1948-1975, Eric R. Crouse examines how
American Christians responded to Israel's wars and the persistent
threats to its security. While some were quick to condemn Israel as
it made difficult and unpopular decisions in its fight for survival
in a hostile region, conservative Christians were trustworthy
supporters, routinely voicing uplifting reports. Crouse argues that
Israel's embodiment of western ideals and its remarkable economic
development gave conservative Christians good reasons to favor
Israel in a troubled Middle East, but the main reason for their
unconditional support was the key biblical text of Christian
Zionism: "I will bless those who bless you [Abraham and his
descendants], and I will curse him who curses you" (Genesis 12:3).
The Cross and Reaganomics: Conservative Christians Defending Ronald
Reagan, by Eric R. Crouse, offers important insights on why
Reaganomics was a major reason conservative Christians supported
Reagan at the polls. On election night in November 1980, Americans
witnessed the victory of a conservative to the presidency. With the
United States experiencing economic stagnation and high inflation,
many were hopeful of Ronald Reagan's deeds matching his optimistic
rhetoric of America's potential. What followed was a decade of
economic transformation, military buildup, and a political
awakening of conservatism. One story that has not received much
attention is the relationship between conservative Christians and
Ronald Reagan's economic policies. Crouse argues that conservative
Christians were among the strongest champions of limited
government, free enterprise (particularly small business), and
anticommunism. A surprising number of conservative Christian
leaders discussed the works of major free market economists.
Conservative Christians embraced and tapped into the traditional
American values of individual opportunity, personal responsibility,
and human freedom-all themes they believed were front and center in
Reaganomics. Although American pluralism prevented any plan to
Christianize the nation by politics, in the sphere of economics
conservative Christians did witness political and cultural gains.
Margaret Chase Smith was the first woman in American history
elected in both the House of Representatives and the Senate, the
first politician to take a public stand against McCarthyism, and
the first woman of a major political party to run for president of
the United States. An American Stand: Senator Margaret Chase Smith
and the Communist Menace, 1948-1972 explores her engagement with
the "masculine" issue of national defense. An unyielding foe of
global communism, this Republican senator was the first female Cold
Warrior. During the Korean War, she voiced strident anti-communist
rhetoric in her newspaper column. Her energetic support for nuclear
superiority in the fifties and sixties caused Nikita Khrushchev to
describe her as "Satan in the guise of a woman." In the face of
growing opposition to America's involvement in Vietnam, Smith
remained committed to a clear stand against violent communist
expansion. This book examines the exposition of the communist
"menace" and the Cold War as a fight between good and evil without
sanitization of communist leaders' ruthless actions. For Smith and
many others, America's fight against global communism, despite
appalling sacrifices of lives and money, made sense because they
believed that communism was a vicious, expansionist system with
little respect for human life and freedom.
In the years 1967-1971, Senator Margaret Chase Smith was the only
female member of the Senate and her reputation of integrity and
independent thinking attracted the attention of those seeking to
understand and voice their opinion on the Vietnam War experience.
Dear Senator Smith is an edited collection of letters that shed
light on the far-reaching and polarized tensions that exploded on
the scene during Lyndon Johnson's government and continued into
Richard Nixon's administration. These letters written by ordinary
people living in Maine touch on class, race, gender, foreign
policy, patriotism, and dissent and provide valuable insight on the
impact of the war on the home front, the threat of communism, and
the strength of the anti-war movement. By going beyond the circle
of political and anti-war elites, Dear Senator Smith shows how
ordinary small-town Americans upheld or protested Cold War
ideology, offered new paradigms, and generally experienced the new
challenges that correlated with the battles being fought both in
Southeast Asia and on the home front.
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