The End of Globalization

The End of Globalization

Lessons From the Great Depression

eBook - 2001
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Publisher: Cambridge, MA : Harvard University Press, 2001.
ISBN: 0674004744
9780674010079
Branch Call Number: ELECTRONIC BOOK
Characteristics: 1 online resource (vi, 260 p.) : ill.
Additional Contributors: ebrary, Inc
Call Number: ELECTRONIC BOOK

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StarGladiator
Feb 23, 2014

The reviewer with the Library Journal correctly states the author's premise " .... protectionist actions and responses to the changing world trade of the 1920s and 1930s both led to and exacerbated the worldwide Depression of the 1930s. " Of course, the author completely ignores finance capitalism, the securitization of stocks (as opposed to bond securitizations today, leading up to the global economic meltdown, beginning 2007-2008 ...) and similar lowered taxes in the 1920s (with Prohibition subtracting the lucrative alcoholic beveridge tax revenues) with todays corporate non-payment of taxaes. Can't ignore finance capitalism, chum! Gee whiz, Andrew Mellon was treasury secretary for three successive administrations (last one with the loser, Hoover) and his oil company, in the 1920s, made more money from the oil depletion allowance than any oil drilling profits. Mellon's policies truly added to the demise of the economy back then, and Roosevelt's programs dramatically altered things for the positive.

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