{"id":614,"date":"2024-09-05T00:35:36","date_gmt":"2024-09-05T06:35:36","guid":{"rendered":"https:\/\/marginalnonhermit.com\/?p=614"},"modified":"2025-05-14T16:20:41","modified_gmt":"2025-05-14T22:20:41","slug":"rothbards-americas-great-depression-chapter-seven","status":"publish","type":"post","link":"https:\/\/marginalnonhermit.com\/?p=614","title":{"rendered":"Rothbard&#8217;s <i>America&#8217;s Great Depression<\/i>, Chapter Seven"},"content":{"rendered":"\n<iframe id=\"odysee-iframe\" style=\"width:100%; aspect-ratio:16 \/ 9;\" src=\"https:\/\/odysee.com\/$\/embed\/@MarginalNonHermit:3\/Americas-Great-Depression-Ch7:d?r=8gvoByECHNgc2BfQ5o91oxf89bpi1Ui4\" allowfullscreen><\/iframe>\n\n\n\n<p class=\"\">Chapter seven of the book attempts to explain Hoover&#8217;s interventionist policies and chart their progress in the period from 1920-1929.<\/p>\n\n\n\n<p class=\"\">Show notes <a href=\"https:\/\/marginalnonhermit.com\/wp-content\/uploads\/2024\/09\/rothbard-depression-notes-ch7.pdf\">here<\/a>.<\/p>\n\n\n\n<p class=\"\">Return to the series list <a href=\"https:\/\/marginalnonhermit.com\/?page_id=763\">here<\/a>.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"\">This video is available on <a href=\"https:\/\/odysee.com\/@MarginalNonHermit:3\/Americas-Great-Depression-Ch7:d\">Odysee<\/a>, <a href=\"https:\/\/old.bitchute.com\/video\/CnOE0ZTE3Ntu\/\">BitChute<\/a>, and <a href=\"https:\/\/www.youtube.com\/watch?v=ePNQel2b5Qc\">YouTube<\/a>.<\/p>\n\n\n\n<p class=\"\"><span style=\"text-decoration: underline;\">References:<\/span><\/p>\n\n\n\n<p class=\"\">Smith, <em>The Rationale of Central Banking and the Free Banking Alternative<\/em><br><a href=\"https:\/\/oll.libertyfund.org\/titles\/smith-the-rationale-of-central-banking-and-the-free-banking-alternative\">https:\/\/oll.libertyfund.org\/titles\/smith-the-rationale-of-central-banking-and-the-free-banking-alternative<\/a><\/p>\n\n\n\n<p class=\"\">Myers and Newton, <em>The Hoover Administration; A Documented Narrative<\/em><br><a href=\"https:\/\/archive.org\/details\/hooveradministra0000myer_a1i5\">https:\/\/archive.org\/details\/hooveradministra0000myer_a1i5<\/a><\/p>\n\n\n\n<p class=\"\">Hoover, <em>The State Papers and Other Public Writings of Herbert Hoover<\/em><br><a href=\"https:\/\/archive.org\/details\/statepapersother0000hoov\/page\/n5\/mode\/2up\">https:\/\/archive.org\/details\/statepapersother0000hoov\/page\/n5\/mode\/2up<\/a><\/p>\n\n\n\n<p class=\"\">Hoover, <em>The Memoirs of Herbert Hoover<\/em><br><a href=\"https:\/\/archive.org\/details\/memoirsofherbert0002hoov\">https:\/\/archive.org\/details\/memoirsofherbert0002hoov<\/a><\/p>\n\n\n\n<p class=\"\">Dorfman, <em>The Economic Mind in American Civilization: 1606-1865, Volume One<\/em><br><a href=\"https:\/\/mises.org\/library\/book\/economic-mind-american-civilization-1606-1865-volume-one\">https:\/\/mises.org\/library\/book\/economic-mind-american-civilization-1606-1865-volume-one<\/a><\/p>\n\n\n\n<p class=\"\">Schlesinger, <em>The Crisis of the Old Order, 1919-1933<\/em><br><a href=\"https:\/\/archive.org\/details\/ageofrooseveltcr0000unse\/page\/n3\/mode\/2up\">https:\/\/archive.org\/details\/ageofrooseveltcr0000unse\/page\/n3\/mode\/2up<\/a><\/p>\n\n\n\n<p class=\"\">Warren, <em>Herbert Hoover and the Great Depression<\/em><br><a href=\"https:\/\/archive.org\/details\/herberthoovergre0000warr_f2d0\">https:\/\/archive.org\/details\/herberthoovergre0000warr_f2d0<\/a><\/p>\n\n\n\n<p class=\"\">Lyons, <em>Our Unknown Ex-President<\/em><br><a href=\"https:\/\/archive.org\/details\/ourunknownexpres00lyon\">https:\/\/archive.org\/details\/ourunknownexpres00lyon<\/a><\/p>\n\n\n\n<p class=\"\">Mitchell, <em>Two Lives: The Story of Wesley Clair Mitchell and Myself<\/em><br><a href=\"https:\/\/archive.org\/details\/twolivesstoryofw0000lucy\/page\/n7\/mode\/2up\">https:\/\/archive.org\/details\/twolivesstoryofw0000lucy\/page\/n7\/mode\/2up<\/a><\/p>\n\n\n\n<p class=\"\">Graves, <em>The Grat Depression and Beyond<\/em><br><a href=\"https:\/\/babel.hathitrust.org\/cgi\/pt?id=mdp.39015009155741&amp;seq=5\">https:\/\/babel.hathitrust.org\/cgi\/pt?id=mdp.39015009155741&amp;seq=5<\/a><\/p>\n\n\n\n<p class=\"\"><em>Report of the President&#8217;s Conference on Unemployment<\/em><br><a href=\"https:\/\/archive.org\/details\/cu31924032446498\/page\/n1\/mode\/2up\">https:\/\/archive.org\/details\/cu31924032446498\/page\/n1\/mode\/2up<\/a><\/p>\n\n\n\n<p class=\"\">Howenstine, <em>Public Works Policy in the Twenties<\/em><br><a href=\"https:\/\/www.jstor.org\/stable\/40958881\">https:\/\/www.jstor.org\/stable\/40958881<\/a><\/p>\n\n\n\n<p class=\"\">Mises, <em>Human Action<\/em><br><a href=\"https:\/\/mises.org\/library\/book\/human-action\">https:\/\/mises.org\/library\/book\/human-action<\/a><\/p>\n\n\n\n<p class=\"\">Andrews, <em>The President&#8217;s Unemployment Conference&#8211;Success or Failure?<\/em><br><a href=\"https:\/\/babel.hathitrust.org\/cgi\/pt?id=coo.31924054572023&amp;seq=7\">https:\/\/babel.hathitrust.org\/cgi\/pt?id=coo.31924054572023&amp;seq=7<\/a><\/p>\n\n\n\n<p class=\"\">Andrews, <em>Report of Work<\/em><br><a href=\"https:\/\/babel.hathitrust.org\/cgi\/pt?id=uc1.b3037649&amp;seq=7\">https:\/\/babel.hathitrust.org\/cgi\/pt?id=uc1.b3037649&amp;seq=7<\/a><\/p>\n\n\n\n<p class=\"\">Wolman, <em>Planning and Control of Public Works<\/em><br><a href=\"https:\/\/www.nber.org\/books-and-chapters\/planning-and-control-public-works\">https:\/\/www.nber.org\/books-and-chapters\/planning-and-control-public-works<\/a><\/p>\n\n\n\n<p class=\"\"><em>Seasonal Operation in the Construction Industry<\/em><br><a href=\"https:\/\/books.google.com\/books\/about\/Seasonal_Operation_in_the_Construction_I.html?id=EF8u6W3CPwAC\">https:\/\/books.google.com\/books\/about\/Seasonal_Operation_in_the_Construction_I.html?id=EF8u6W3CPwAC<\/a><\/p>\n\n\n\n<p class=\"\"><em>Business Cycles and Unemployment<\/em><br><a href=\"https:\/\/www.nber.org\/system\/files\/chapters\/c4658\/c4658.pdf\">https:\/\/www.nber.org\/system\/files\/chapters\/c4658\/c4658.pdf<\/a><\/p>\n\n\n\n<p class=\"\">Fusfeld, <em>The Economic Thought of Franklin D. Roosevelt and the Origins of the New Deal<\/em><br><a href=\"https:\/\/books.google.com\/books\/about\/The_Economic_Thought_of_Franklin_D_Roose.html?id=tRZUQwAACAAJ\">https:\/\/books.google.com\/books\/about\/The_Economic_Thought_of_Franklin_D_Roose.html?id=tRZUQwAACAAJ<\/a><\/p>\n\n\n\n<p class=\"\">Mitchell, <em>Unemployment and Business Fluctuations<\/em><br><a href=\"https:\/\/babel.hathitrust.org\/cgi\/pt?id=njp.32101076428422&amp;seq=10\">https:\/\/babel.hathitrust.org\/cgi\/pt?id=njp.32101076428422&amp;seq=10<\/a><\/p>\n\n\n\n<p class=\"\">Catchings, <em>The Road to Plenty<\/em><br><a href=\"https:\/\/archive.org\/details\/in.ernet.dli.2015.190555\/page\/n5\/mode\/2up\">https:\/\/archive.org\/details\/in.ernet.dli.2015.190555\/page\/n5\/mode\/2up<\/a><\/p>\n\n\n\n<p class=\"\">Article about $3 billion fund in NY Times, citing Brewster<br><a href=\"https:\/\/www.nytimes.com\/1928\/11\/22\/archives\/3000000000-fund-to-aid-employment-in-hoover-program-it-would-be.html\">https:\/\/www.nytimes.com\/1928\/11\/22\/archives\/3000000000-fund-to-aid-employment-in-hoover-program-it-would-be.html<\/a><\/p>\n\n\n\n<p class=\"\">Article in <em>Commercial and Financial Chronicle<\/em> mentioning Brewster NY Times comments<br><a href=\"https:\/\/archive.org\/details\/sim_commercial-and-financial-chronicle_1928-11-24_127_3309\/page\/2904\/mode\/2up?view=theater&amp;q=brewster\">https:\/\/archive.org\/details\/sim_commercial-and-financial-chronicle_1928-11-24_127_3309\/page\/2904\/mode\/2up?view=theater&amp;q=brewster<\/a><\/p>\n\n\n\n<p class=\"\">Hayek, <em>Profits, Interest, and Investment<\/em><br><a href=\"https:\/\/mises.org\/library\/book\/profits-interest-and-investment\">https:\/\/mises.org\/library\/book\/profits-interest-and-investment<\/a><\/p>\n\n\n\n<p class=\"\">&#8220;Hoover&#8217;s Plan to Keep the Dinner-Pail Full&#8221; in <em>Literary Digest<\/em><br><a href=\"https:\/\/babel.hathitrust.org\/cgi\/pt?id=mdp.39015030081213&amp;seq=775\">https:\/\/babel.hathitrust.org\/cgi\/pt?id=mdp.39015030081213&amp;seq=775<\/a><\/p>\n\n\n\n<p class=\"\">Foster and Catchings, <em>Mr. Hoover&#8217;s Plan&#8211;What It Is and What It Is Not&#8211;The New Attack on Poverty<\/em> in <em>Review of Reviews<\/em><br><a href=\"https:\/\/archive.org\/details\/sim_review-of-reviews-us_1929-04_79_4\/page\/76\/mode\/2up\">https:\/\/archive.org\/details\/sim_review-of-reviews-us_1929-04_79_4\/page\/76\/mode\/2up<\/a><\/p>\n\n\n\n<p class=\"\">Trafton, <em>Hoover&#8217;s Unemployment Policy<\/em><br><a href=\"https:\/\/heinonline.org\/HOL\/LandingPage?handle=hein.journals\/alablegr19&amp;div=149\">https:\/\/heinonline.org\/HOL\/LandingPage?handle=hein.journals\/alablegr19&amp;div=149<\/a><\/p>\n\n\n\n<p class=\"\">Trafton, <em>Hoover and Unemployment<\/em><br><a href=\"https:\/\/heinonline.org\/HOL\/LandingPage?handle=hein.journals\/alablegr19&amp;div=104\">https:\/\/heinonline.org\/HOL\/LandingPage?handle=hein.journals\/alablegr19&amp;div=104<\/a><\/p>\n\n\n\n<p class=\"\">Bernstein, <em>The Lean Years; A History of the American Worker<\/em><br><a href=\"https:\/\/archive.org\/details\/leanyearshistory0000bern_f7p8\/page\/n5\/mode\/2up\">https:\/\/archive.org\/details\/leanyearshistory0000bern_f7p8\/page\/n5\/mode\/2up<\/a><\/p>\n\n\n\n<p class=\"\">Olds, <em>Analysis of the Interchurch World Movement Report on the Steel Strike<\/em><br><a href=\"https:\/\/archive.org\/details\/analysisofinterc0000olds\/page\/n3\/mode\/2up\">https:\/\/archive.org\/details\/analysisofinterc0000olds\/page\/n3\/mode\/2up<\/a><\/p>\n\n\n\n<p class=\"\">Yellen, <em>American Labor Struggles<\/em><br><a href=\"https:\/\/archive.org\/details\/americanlaborstr0000yell\/page\/n7\/mode\/2up\">https:\/\/archive.org\/details\/americanlaborstr0000yell\/page\/n7\/mode\/2up<\/a><\/p>\n\n\n\n<p class=\"\">MacKenzie, <em>Steel Abandons the 12-Hour Day<\/em><br><a href=\"https:\/\/babel.hathitrust.org\/cgi\/pt?id=uc1.b3037650&amp;seq=12\">https:\/\/babel.hathitrust.org\/cgi\/pt?id=uc1.b3037650&amp;seq=12<\/a><\/p>\n\n\n\n<p class=\"\">Miller, <em>American Protestantism and the Twelve-Hour Day<\/em><br><a href=\"https:\/\/www.jstor.org\/stable\/42880187\">https:\/\/www.jstor.org\/stable\/42880187<\/a><\/p>\n\n\n\n<p class=\"\">Richberg, <em>Labor Union Monopoly<\/em><br><a href=\"https:\/\/archive.org\/details\/laborunionmonopo0000unse\">https:\/\/archive.org\/details\/laborunionmonopo0000unse<\/a><\/p>\n\n\n\n<p class=\"\">Schwab quoted in the <em>Commercial and Financial Chronicle<\/em><br><a href=\"https:\/\/fraser.stlouisfed.org\/title\/commercial-financial-chronicle-1339\/january-5-1929-517029?page=23\">https:\/\/fraser.stlouisfed.org\/title\/commercial-financial-chronicle-1339\/january-5-1929-517029?page=23<\/a><\/p>\n\n\n\n<p class=\"\">National Industrial Conference Board, <em>Salary and Wage Policy in the Depression<\/em><br><a href=\"https:\/\/archive.org\/details\/salarywagepolicy0000unse\/page\/n3\/mode\/2up\">https:\/\/archive.org\/details\/salarywagepolicy0000unse\/page\/n3\/mode\/2up<\/a><\/p>\n\n\n\n<p class=\"\">Committee on Recent Economic Changes, <em>Recent Economic Changes in the United States<\/em>, Volumes 1 and 2<br><a href=\"https:\/\/www.nber.org\/books-and-chapters\/recent-economic-changes-united-states-volumes-1-and-2\">https:\/\/www.nber.org\/books-and-chapters\/recent-economic-changes-united-states-volumes-1-and-2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chapter seven of the book attempts to explain Hoover&#8217;s interventionist policies and chart their progress in the period from 1920-1929. Show notes here. Return to the series list here.<\/p>\n","protected":false},"author":1,"featured_media":542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,4,2],"tags":[197,37,198,48,196,199],"class_list":["post-614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics","category-political","category-video-link","tag-americas-great-depression","tag-economics","tag-great-depression","tag-history","tag-rothbard","tag-study-guide"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/marginalnonhermit.com\/wp-content\/uploads\/2024\/07\/Murray_Rothbard.jpg?fit=476%2C600&ssl=1","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts\/614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=614"}],"version-history":[{"count":2,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts\/614\/revisions"}],"predecessor-version":[{"id":788,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts\/614\/revisions\/788"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/media\/542"}],"wp:attachment":[{"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}