The Rise and Fall of the First Government-Sponsored Enterprise
The Federal Land Banks, 1916–1932
Bibliographic Data
| ID | 9626775 |
|---|---|
| Authors | Judge Glock (0000-0001-6769-2409, corresponding author) |
| Year | 2016 |
| Volume | 90 |
| Issue | 4 |
| Pages | 623-645 |
| Publication date | 2016-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Business History Review (JOURNAL) |
| Journal identifiers | ISSN: 0007-6805 • E-ISSN: 2044-768X |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0007680516001082 |
| OpenAlex | W2585211382 |
| Language | EN |
| Citations received | 1 |
| References cited | 19 |
While researchers have pointed to numerous methods of expanding state capacity in the Progressive Era, the literature has overlooked the creation of nominally private companies relying on implicit government guarantees, later known as government-sponsored enterprises. This article explains the novelty and structure of the nation's first such enterprises, the Federal Land Banks, and describes how their design embodied several fragilities that contributed to their collapse and bailout in 1932. The article then demonstrates why, despite these problems, the land banks became the model for subsequent enterprises and financial reforms
Bailout · Business · Economics · Financial crisis · Government (linguistics · Keynesian economics · Market economy · Novelty · Political science · State (computer science · Banking stability, regulation, efficiency · Finance · Historical Economic and Social Studies · Public Administration
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From New Day to New Deal
The New Dealers
The Economic Thought of Franklin D. Roosevelt and the Origins of the New Deal
The Rise of the Public Authority
Regulation and Bank Failures
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,14 |
| Citation span | 2019 - 2019 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |