We Must Deflate”
The Crime of 1920 Revisited
Bibliographic Data
| ID | 12680293 |
|---|---|
| Authors | Christopher W Shaw (University of California, Berkeley, corresponding author) |
| Year | 2016 |
| Volume | 17 |
| Issue | 3 |
| Pages | 618-650 |
| Publication date | 2016-05-26 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Enterprise & Society (JOURNAL) |
| Journal identifiers | ISSN: 1467-2227 • E-ISSN: 1467-2235 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/eso.2015.90 |
| OpenAlex | W2400125963 |
| Language | EN |
| Citations received | 1 |
| References cited | 53 |
Post-World War I Federal Reserve System policy focused on reducing price levels. Faith in liquidationist ideas led Federal Reserve officials to maintain tight-money policies during the depression of 1920–1921. Farmers suffering through this economic crisis objected to contemporary monetary policy. Organized labor and leading Progressive reformer Robert M. La Follette Sr. seconded their criticism. Postwar challenges to the nation’s financial leadership and its priorities bore tangible results by producing a number of notable reforms, including modifications of Federal Reserve policy and the Agricultural Credits Act of 1923. In the absence of similar political pressure during the Great Depression, the Federal Reserve System adhered to liquidationist ideas and did not pursue monetary expansion
Criticism · Deflation · Depression (economics · Economic policy · Economics · Faith · Great Depression · Keynesian economics · Monetary policy · Political economy · Political science · Politics · Economic Theory and Policy · Economic, financial, and policy analysis · Historical Economic and Social Studies · Law
Democratic promise
The Prairie Winnows Out Its Own
The Fall of the House of Labor
Like a Family
Organized Labor in American History
Proletarians of the North
The Populist Vision
The Farm Crisis 1919–1923
Goldbugs and Greenbacks
American Monetary Policy
A Puritan in Babylon
Striking with the Ballot
Populism, Paranoia, and the Politics of Free Silver
The Populist Response to Industrial America
George N. Peek and the Fight for Farm Parity
The Populist Revolt
Herbert Hoover and the Origins of the Reconstruction Finance Corporation
A Puritan in Babylon
American Agriculture
The Tolerant Populists
Federal Reserve Monetary Policy, 1922-33
Spurious Volatility in Historical Unemployment Data
The Scene of the Crime of 1873 Revisited
Monetary Policy, Loan Liquidation, and Industrial Conflict
A Reconsideration of Federal Reserve Policy during the 1920–1921 Depression
"Was There a "Crime of 1873
Robert M. La Follette and the Insurgent Spirit
Federal Reserve Monetary Policy, 1917-1933
Urban Populism and Free Silver in Montana
Financial History of the United States
Benjamin Strong, Central Banker
History of Labor in the United States, 1896-1932
Ezra Pound and American Fascism
Goldbugs and Greenbacks
The Tolerant Populists
Was the Federal Reserve Constrained by the Gold Standard During the Great Depression? Evidence from the 1932 Open Market Purchase Program
Proletarians of the North
The Lean Years
Industrial Profits in the United States
Organized Labor in American History
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,13 |
| Citation span | 2018 - 2018 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |