{"id":622,"date":"2024-09-14T10:05:00","date_gmt":"2024-09-14T16:05:00","guid":{"rendered":"https:\/\/marginalnonhermit.com\/?p=622"},"modified":"2025-05-14T16:20:48","modified_gmt":"2025-05-14T22:20:48","slug":"rothbards-americas-great-depression-chapter-eight","status":"publish","type":"post","link":"https:\/\/marginalnonhermit.com\/?p=622","title":{"rendered":"Rothbard&#8217;s <i>America&#8217;s Great Depression<\/i>, Chapter Eight"},"content":{"rendered":"\n<iframe id=\"odysee-iframe\" style=\"width:100%; aspect-ratio:16 \/ 9;\" src=\"https:\/\/odysee.com\/$\/embed\/@MarginalNonHermit:3\/Americas-Great-Depression-ch8:9?r=8gvoByECHNgc2BfQ5o91oxf89bpi1Ui4\" allowfullscreen><\/iframe>\n\n\n\n<p class=\"\">Rothbard covers the very start of the Depression in this chapter, basically the second half of 1929, with some historical digressions to set the stage.<\/p>\n\n\n\n<p class=\"\">The biggest takeaways from this chapter are that Hoover bullied industry into keeping wage rates up and construction expanding. He also went along with farm cartelization efforts over the previous fifteen years and tried to control many crop prices via the Federal Farm Board, which was catastrophically ineffective but tried over and over again.<\/p>\n\n\n\n<p class=\"\">Show notes <a href=\"https:\/\/marginalnonhermit.com\/wp-content\/uploads\/2024\/09\/rothbard-depression-notes-ch8.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=\"\">See the video on <a href=\"https:\/\/odysee.com\/@MarginalNonHermit:3\/Americas-Great-Depression-ch8:9\">Odysee<\/a>, <a href=\"https:\/\/old.bitchute.com\/video\/TbJsANIqVsBb\/\">BitChute<\/a>, or <a href=\"https:\/\/youtu.be\/L5kHX-YMnbY\">Youtube<\/a>.<\/p>\n\n\n\n<p class=\"\"><span style=\"text-decoration: underline;\">References:<\/span><\/p>\n\n\n\n<p class=\"\">Hoover, <em>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=\"\">Starr 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=\"\">Wilbur and Hyde, <em>The Hoover Policies<\/em><br><a href=\"https:\/\/archive.org\/details\/hooverpolicies0000rayl\">https:\/\/archive.org\/details\/hooverpolicies0000rayl<\/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=\"\">Bernstein, <em>The Lean Years<\/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=\"\">The White House Conferences in <em>The Journal of Business<\/em><br><a href=\"https:\/\/www.jstor.org\/stable\/2349281\">https:\/\/www.jstor.org\/stable\/2349281<\/a><\/p>\n\n\n\n<p class=\"\"><em>The American Federationist 37<\/em><br><a href=\"https:\/\/archive.org\/details\/sim_afl-cio-american-federationist_1930-03_37_3\">https:\/\/archive.org\/details\/sim_afl-cio-american-federationist_1930-03_37_3<\/a><\/p>\n\n\n\n<p class=\"\">Clark, <em>Public Works and Unemployment<\/em><br><a href=\"https:\/\/www.jstor.org\/stable\/1805657\">https:\/\/www.jstor.org\/stable\/1805657<\/a><\/p>\n\n\n\n<p class=\"\">Saloutos, <em>Agricultural Discontent in the Middle West<\/em><br><a href=\"https:\/\/archive.org\/details\/agriculturaldisc00salorich\">https:\/\/archive.org\/details\/agriculturaldisc00salorich<\/a><\/p>\n\n\n\n<p class=\"\">Benedict, <em>Farm Policies of the United States&#8230;<\/em><br><a href=\"https:\/\/archive.org\/details\/farmpoliciesofun0000unse\">https:\/\/archive.org\/details\/farmpoliciesofun0000unse<\/a><\/p>\n\n\n\n<p class=\"\">Christensen, <em>Agricultural Pressure and Governmental Response&#8230;<\/em><br><a href=\"https:\/\/www.jstor.org\/stable\/3739440\">https:\/\/www.jstor.org\/stable\/3739440<\/a><\/p>\n\n\n\n<p class=\"\">Valgren, <em>The Agricultural Credits Act of 1923<\/em><br><a href=\"https:\/\/www.jstor.org\/stable\/pdf\/1804548.pdf\">https:\/\/www.jstor.org\/stable\/pdf\/1804548.pdf<\/a><\/p>\n\n\n\n<p class=\"\">Phillips, <em>Competition? Yes But&#8230;<\/em><br><a href=\"https:\/\/fee.org\/ebooks\/competition-yes-but\/\">https:\/\/fee.org\/ebooks\/competition-yes-but\/<\/a><\/p>\n\n\n\n<p class=\"\">Nash, <em>Herbert Hoover and the Origins of the RFC<\/em><br><a href=\"https:\/\/www.jstor.org\/stable\/1892269\">https:\/\/www.jstor.org\/stable\/1892269<\/a><\/p>\n\n\n\n<p class=\"\">Dorfman, <em>The Economic Mind in American Civilization&#8230;<\/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=\"\">Shideler, <em>The Farm Crisis, 1919-1923<\/em><br><a href=\"https:\/\/www.jstor.org\/stable\/jj.8501036\">https:\/\/www.jstor.org\/stable\/jj.8501036<\/a><\/p>\n\n\n\n<p class=\"\">Black, <em>Agricultural Reform in the United States<\/em><br><a href=\"https:\/\/archive.org\/details\/agriculturalrefo0000john\">https:\/\/archive.org\/details\/agriculturalrefo0000john<\/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=\"\">Benedict and Stine, <em>The Agricultural Commodity Programs<\/em><br><a href=\"https:\/\/archive.org\/details\/agriculturalcomm0000murr\">https:\/\/archive.org\/details\/agriculturalcomm0000murr<\/a><\/p>\n\n\n\n<p class=\"\">Fite, <em>Farmer Opinion and the Agricultural Adjustment Act, 1933<\/em><br><a href=\"https:\/\/www.jstor.org\/stable\/1893147\">https:\/\/www.jstor.org\/stable\/1893147<\/a><\/p>\n\n\n\n<p class=\"\">Shannon, <em>American Farmers&#8217; Movements<\/em><br><a href=\"https:\/\/archive.org\/details\/americanfarmersm00shan\">https:\/\/archive.org\/details\/americanfarmersm00shan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rothbard covers the very start of the Depression in this chapter, basically the second half of 1929, with some historical digressions to set the stage. The biggest takeaways from this chapter are that Hoover bullied industry into keeping wage rates up and construction expanding. He also went along with farm cartelization efforts over the previous [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":487,"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-622","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\/2023\/12\/Rothbard_70s.jpg?fit=445%2C576&ssl=1","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts\/622","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=622"}],"version-history":[{"count":2,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts\/622\/revisions"}],"predecessor-version":[{"id":789,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts\/622\/revisions\/789"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/media\/487"}],"wp:attachment":[{"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}