{"id":637,"date":"2024-10-02T15:11:55","date_gmt":"2024-10-02T21:11:55","guid":{"rendered":"https:\/\/marginalnonhermit.com\/?p=637"},"modified":"2025-05-14T16:21:12","modified_gmt":"2025-05-14T22:21:12","slug":"rothbards-americas-great-depression-chapter-eleven-part-one","status":"publish","type":"post","link":"https:\/\/marginalnonhermit.com\/?p=637","title":{"rendered":"Rothbard&#8217;s <i>America&#8217;s Great Depression<\/i>, Chapter Eleven, Part One"},"content":{"rendered":"\n<iframe id=\"odysee-iframe\" style=\"width:100%; aspect-ratio:16 \/ 9;\" src=\"https:\/\/odysee.com\/$\/embed\/@MarginalNonHermit:3\/Americas-Great-Depression-Ch11-p1:f?r=8gvoByECHNgc2BfQ5o91oxf89bpi1Ui4\" allowfullscreen><\/iframe>\n\n\n\n<p class=\"\">Chapter eleven of <em>America&#8217;s Great Depression<\/em> covers Hoover&#8217;s continued flailing as during 1932 as all of his policies make the depression worse.<\/p>\n\n\n\n<p class=\"\">In this part, we&#8217;re covering about half of the chapter, up through the section &#8220;Governmental Relief,&#8221; ending on page 301 in the Fifth Edition. (Next week we will spend most of our time on the two sections detailing the inflation in 1932.)<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"\">Full show notes can be downloaded <a href=\"https:\/\/marginalnonhermit.com\/wp-content\/uploads\/2024\/10\/rothbard-depression-notes-ch11p1.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<p class=\"\">This video is available on <a href=\"https:\/\/odysee.com\/@MarginalNonHermit:3\/Americas-Great-Depression-Ch11-p1:f\">Odysee<\/a>, <a href=\"https:\/\/old.bitchute.com\/video\/ZOvpPiIRXWi2\/\">BitChute<\/a>, and <a href=\"https:\/\/youtu.be\/4U1GLb3S7Bg\">YouTube<\/a>.<\/p>\n\n\n\n<p class=\"\"><span style=\"text-decoration: underline;\">References:<\/span><\/p>\n\n\n\n<p class=\"\">Ratner, <em>American Taxation: Its History as a Social Force in Democracy<\/em><br><a href=\"https:\/\/books.google.com\/books\/about\/American_Taxation.html?id=RwI0AAAAIAAJ\">https:\/\/books.google.com\/books\/about\/American_Taxation.html?id=RwI0AAAAIAAJ<\/a><\/p>\n\n\n\n<p class=\"\">Kennedy, <em>Development of Postal Rates: 1845-1955<\/em><br><a href=\"https:\/\/www.jstor.org\/stable\/3144899\">https:\/\/www.jstor.org\/stable\/3144899<\/a><\/p>\n\n\n\n<p class=\"\">Kennedy, <em>Structure and Policy in Postal Rates<\/em><br><a href=\"https:\/\/www.jstor.org\/stable\/1833290\">https:\/\/www.jstor.org\/stable\/1833290<\/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=\"\"><em>Congressional Record 75<\/em><br><a href=\"https:\/\/www.govinfo.gov\/app\/details\/GPO-CRECB-1932-pt2-v75\/\">https:\/\/www.govinfo.gov\/app\/details\/GPO-CRECB-1932-pt2-v75\/<\/a><\/p>\n\n\n\n<p class=\"\">Leffingwell, <em>Causes of Depression<\/em><br><a href=\"https:\/\/www.jstor.org\/stable\/1172700\">https:\/\/www.jstor.org\/stable\/1172700<\/a><\/p>\n\n\n\n<p class=\"\">Randolph Paul (no, not that Rand Paul!), <em>Taxation in the United States<\/em><br><a href=\"https:\/\/books.google.com\/books\/about\/Taxation_in_the_United_States.html?id=2KI1AAAAIAAJ\">https:\/\/books.google.com\/books\/about\/Taxation_in_the_United_States.html?id=2KI1AAAAIAAJ<\/a><\/p>\n\n\n\n<p class=\"\">National Economy League, <em>Brief in Support of Petition of May 4, 1932<\/em><br><a href=\"https:\/\/archive.org\/details\/briefinsupportof00nati\/mode\/2up\">https:\/\/archive.org\/details\/briefinsupportof00nati\/mode\/2up<\/a><\/p>\n\n\n\n<p class=\"\">Beck, <em>Our Wonderland of Bureaucracy<\/em><br><a href=\"https:\/\/archive.org\/details\/in.ernet.dli.2015.275457\">https:\/\/archive.org\/details\/in.ernet.dli.2015.275457<\/a><\/p>\n\n\n\n<p class=\"\">Haligren, <em>Seeds of Revolt<\/em><br><a href=\"https:\/\/books.google.com\/books\/about\/Seeds_of_Revolt.html?id=d6wVAAAAMAAJ\">https:\/\/books.google.com\/books\/about\/Seeds_of_Revolt.html?id=d6wVAAAAMAAJ<\/a><\/p>\n\n\n\n<p class=\"\">Kendrick, <em>A Century and a Half of Federal Expenditures<\/em><br><a href=\"https:\/\/www.nber.org\/books-and-chapters\/century-and-half-federal-expenditures\">https:\/\/www.nber.org\/books-and-chapters\/century-and-half-federal-expenditures<\/a><\/p>\n\n\n\n<p class=\"\">Kimmel, <em>Federal Budget and Fiscal Policy, 1789-1958<\/em><br><a href=\"https:\/\/archive.org\/details\/federalbudgetfis0000unse\">https:\/\/archive.org\/details\/federalbudgetfis0000unse<\/a><\/p>\n\n\n\n<p class=\"\"><em>Congressional Record<\/em>, with May 16, 1932 broken out in the page<br><a href=\"https:\/\/www.govinfo.gov\/app\/collection\/crecb\/_crecb\/Volume%20075%20(1932)\/GPO-CRECB-1932-pt9-v75\">https:\/\/www.govinfo.gov\/app\/collection\/crecb\/_crecb\/Volume%20075%20(1932)\/GPO-CRECB-1932-pt9-v75<\/a><\/p>\n\n\n\n<p class=\"\">Reeve, <em>Monetary Reform Movements<\/em><br><a href=\"https:\/\/archive.org\/details\/monetaryreformmo0000unse\/page\/n7\/mode\/2up\">https:\/\/archive.org\/details\/monetaryreformmo0000unse\/page\/n7\/mode\/2up<\/a><\/p>\n\n\n\n<p class=\"\">Dorfman, <em>The Economic Mind in American Civilization<\/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=\"\">Chase, <em>A New Deal<\/em><br><a href=\"https:\/\/babel.hathitrust.org\/cgi\/pt?id=uc1.$b666889&amp;seq=9\">https:\/\/babel.hathitrust.org\/cgi\/pt?id=uc1.$b666889&amp;seq=9<\/a><\/p>\n\n\n\n<p class=\"\">Coyle, <em>The Irrepressible Conflict; Business vs. Finance<\/em><br><a href=\"https:\/\/archive.org\/details\/irrepressiblecon0000coyl\/page\/n5\/mode\/2up\">https:\/\/archive.org\/details\/irrepressiblecon0000coyl\/page\/n5\/mode\/2up<\/a><\/p>\n\n\n\n<p class=\"\">Soule, <em>The Planned Society<\/em><br><a href=\"https:\/\/archive.org\/details\/in.ernet.dli.2015.168288\">https:\/\/archive.org\/details\/in.ernet.dli.2015.168288<\/a><\/p>\n\n\n\n<p class=\"\">Chapman, <em>The Economics of Inflation<\/em><br><a href=\"https:\/\/www.degruyter.com\/document\/doi\/10.7312\/will93390\/html?lang=en\">https:\/\/www.degruyter.com\/document\/doi\/10.7312\/will93390\/html?lang=en<\/a><\/p>\n\n\n\n<p class=\"\">Anderson, <em>Economics and the Public Welfare<\/em><br><a href=\"https:\/\/archive.org\/details\/economicspublicw0000ande\/page\/n3\/mode\/2up\">https:\/\/archive.org\/details\/economicspublicw0000ande\/page\/n3\/mode\/2up<\/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=\"\">Flynn, <em>Inside the RFC<\/em><br><a href=\"https:\/\/harpers.org\/archive\/1933\/01\/inside-the-r-f-c\/\">https:\/\/harpers.org\/archive\/1933\/01\/inside-the-r-f-c\/<\/a><br>(archived version of Flynn&#8217;s article)<br><a href=\"https:\/\/archive.ph\/gWBeM\">https:\/\/archive.ph\/gWBeM<\/a><\/p>\n\n\n\n<p class=\"\">Lundberg, <em>America&#8217;s Sixty Families<\/em><br><a href=\"https:\/\/archive.org\/details\/in.ernet.dli.2015.34254\/page\/n5\/mode\/2up\">https:\/\/archive.org\/details\/in.ernet.dli.2015.34254\/page\/n5\/mode\/2up<\/a><\/p>\n\n\n\n<p class=\"\">Dewing, <em>The Financial Policy of Corporations<\/em><br><a href=\"https:\/\/archive.org\/details\/financialpolicyo0002arth\/page\/n5\/mode\/2up\">https:\/\/archive.org\/details\/financialpolicyo0002arth\/page\/n5\/mode\/2up<\/a><\/p>\n\n\n\n<p class=\"\">Ebersole, <em>One Year of the Reconstruction Finance Corporation<\/em><br><a href=\"https:\/\/www.jstor.org\/stable\/1883981\">https:\/\/www.jstor.org\/stable\/1883981<\/a><\/p>\n\n\n\n<p class=\"\">Abbott, <em>Public Assistance<\/em><br><a href=\"https:\/\/archive.org\/details\/publicassistance0001edit\/page\/n3\/mode\/2up\">https:\/\/archive.org\/details\/publicassistance0001edit\/page\/n3\/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=\"\">Geddes, <em>Trends in Relief Expenditures, 1910-1935<\/em><br><a href=\"https:\/\/archive.org\/details\/trendsinreliefex00gedd\">https:\/\/archive.org\/details\/trendsinreliefex00gedd<\/a><\/p>\n\n\n\n<p class=\"\">Finally, a little something on the Federal Land Banks:<br><a href=\"https:\/\/www.cambridge.org\/core\/journals\/business-history-review\/article\/rise-and-fall-of-the-first-governmentsponsored-enterprise-the-federal-land-banks-19161932\/034D8666F54365514A0E1851FBFA7FF0\">https:\/\/www.cambridge.org\/core\/journals\/business-history-review\/article\/rise-and-fall-of-the-first-governmentsponsored-enterprise-the-federal-land-banks-19161932\/034D8666F54365514A0E1851FBFA7FF0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chapter eleven of America&#8217;s Great Depression covers Hoover&#8217;s continued flailing as during 1932 as all of his policies make the depression worse. In this part, we&#8217;re covering about half of the chapter, up through the section &#8220;Governmental Relief,&#8221; ending on page 301 in the Fifth Edition. (Next week we will spend most of our time [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":499,"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":[197,37,198,48,72,196],"class_list":["post-637","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-politics","tag-rothbard"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/marginalnonhermit.com\/wp-content\/uploads\/2023\/12\/dollars.jpg?fit=800%2C529&ssl=1","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts\/637","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=637"}],"version-history":[{"count":2,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts\/637\/revisions"}],"predecessor-version":[{"id":792,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts\/637\/revisions\/792"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/media\/499"}],"wp:attachment":[{"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}