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2013

Economic History

Series

Articles 1 - 6 of 6

Full-Text Articles in History

Coase, Herbert J. Hovenkamp Oct 2013

Coase, Herbert J. Hovenkamp

All Faculty Scholarship

This brief essay considers the career, contributions, and influence of Ronald Coase, who passed away in September, 2013. Comments are welcome.

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Paul M. Warburg: Founder Of The United States Federal Reserve, Richard A. Naclerio May 2013

Paul M. Warburg: Founder Of The United States Federal Reserve, Richard A. Naclerio

History Faculty Publications

The name Paul Moritz Warburg is synonymous with the founding of the Federal Reserve System. Over the years preceding the formation of the Federal Reserve, Warburg wrote many essays and gave many public addresses on banking reform. His reform ideas were modeled on the central banking systems of many European counties he dealt with through the family business M.M. Warburg.

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Economic Growth And Recovery In The United States, 1919-1941, Alexander J. Field May 2013

Economic Growth And Recovery In The United States, 1919-1941, Alexander J. Field

Economics

The first part of this chapter provides an overview of what lay behind record productivity growth in the US economy between 1929 and 1941. The second part considers the role of rigidities and other negative supply conditions in worsening the downturn and slowing recovery. While arguing consistently that the overarching explanation of the Great Depression will and should continue to emphasise a collapse and slow revival in the growth of aggregate demand, the chapter spends relatively little time on what drives this. The emphasis of the chapter is on aggregate supply—both the broad array of positive shocks that propelled potential …

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Glorious Revolution As Financial Revolution, John David Angle Apr 2013

Glorious Revolution As Financial Revolution, John David Angle

History Faculty Publications

Conventionally appreciated as simply a religious and political event, this paper presents a re-appraisal of the Glorious Revolution based on the economic and commercial motivations. Scholarship has long accepted the narrative that the revolution was prompted by religious concerns, however this fails to fully examine the economic conditions of the time and the interests of the so-called "Immortal Seven." The paper then examines the financial reforms wrought by William III, including the establishment of the Bank of England, creation of a national debt, and resolution of the Currency Crisis. Ultimately this paper places the Glorious Revolution into its proper economic …

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The Wires Go To War: The U.S. Experiment With Government Ownership Of The Telephone System During World War I, Michael A. Janson, Christopher S. Yoo Apr 2013

The Wires Go To War: The U.S. Experiment With Government Ownership Of The Telephone System During World War I, Michael A. Janson, Christopher S. Yoo

All Faculty Scholarship

One of the most distinctive characteristics of the U.S. telephone system is that it has always been privately owned, in stark contrast to the pattern of government ownership followed by virtually every other nation. What is not widely known is how close the United States came to falling in line with the rest of the world. For the one-year period following July 31, 1918, the exigencies of World War I led the federal government to take over the U.S. telephone system. A close examination of this episode sheds new light into a number of current policy issues. The history confirms …

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Queen Elizabeth’S Leadership Abroad: The Netherlands In The 1570s, Peter Iver Kaufman Jan 2013

Queen Elizabeth’S Leadership Abroad: The Netherlands In The 1570s, Peter Iver Kaufman

Jepson School of Leadership Studies articles, book chapters and other publications

In 1576, after Edmund Grindal, archbishop of Canterbury, presumed to lecture Queen Elizabeth on the importance of preaching and on her duty to listen to such lectures, his influence diminished precipitously, and leadership of the established English church fell to Bishop Aylmer. Grindal’s friends on the queen’s Privy Council, “forward” Calvinists (or ultra-Protestants), were powerless to save him from the consequences of his indiscretion, which damaged the ultras’ other initiatives’ chances of success. This paper concerns one of those initiatives. From the late 1560s, they urged their queen “actively” to intervene in the Dutch wars. They collaborated with Calvinists on …

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