New PDF release: American Economic Development Since 1945: Growth, Decline

By S. Rosenberg

ISBN-10: 0333345339

ISBN-13: 9780333345337

ISBN-10: 0333345347

ISBN-13: 9780333345344

ISBN-10: 1403990263

ISBN-13: 9781403990266

This clearly-written publication presents an historic research of postwar financial improvement within the US, supporting the reader to appreciate the nation's present monetary place. Samuel Rosenberg investigates 3 postwar stages: the construction of an institutional framework surroundings the degree for prosperity within the US after international warfare II, the forces undermining this institutional framework and the ensuing stagflation of the Nineteen Seventies, and the sport of a brand new institutional constitution within the Eighties. easy monetary recommendations are brought and defined all through and particular consciousness is paid to macroeconomic coverage, business relatives, the function of the U.S. on the earth economic climate, social and exertions coverage, the constitution of the exertions strength, and the distribution of source of revenue through race and gender.

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Extra resources for American Economic Development Since 1945: Growth, Decline and Rejuvenation

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For example, in November 1941, members of the United Auto Workers (UAW) struck a machine gun plant owned by the Kelsey-Hayes Wheel Co. when the firm hired women at 85 cents an hour which was 15 cents an hour less than the rate the men received. While the strikers might have demanded that women receive the same pay as men, instead they asked the company to remove women from all machine jobs in the plant (Milkman, 1980, p. 131). Eventually the UAW and other unions realized that women would be an important part of the industrial work force, at least for the duration of the war.

Three possible means of financing the war and gaining the needed war materials are the following: (1) Taxes paid by individuals and businesses to the federal government could be raised by an amount equal to the additional military expenditures. Due to the increase in taxation, consumer demand would be less than it would have otherwise been at the new level of GNP, freeing up factors of production for use in defense industries rather than in consumer goods production. (2) Rather than totally financing the war through increased taxation, a second alternative would be to partially pay for the war in this manner and raise the rest of the necessary money through increasing the annual federal budget deficit.

For example, in November 1941, members of the United Auto Workers (UAW) struck a machine gun plant owned by the Kelsey-Hayes Wheel Co. when the firm hired women at 85 cents an hour which was 15 cents an hour less than the rate the men received. While the strikers might have demanded that women receive the same pay as men, instead they asked the company to remove women from all machine jobs in the plant (Milkman, 1980, p. 131). Eventually the UAW and other unions realized that women would be an important part of the industrial work force, at least for the duration of the war.

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American Economic Development Since 1945: Growth, Decline and Rejuvenation by S. Rosenberg


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