The first section of this chapter provides an overview of what lay behind record productivity growth in the US economy between 1929 and 1941. The second considers the role of rigidities and other negative supply conditions in worsening the downturn and slowing recovery.
Manufacturing contributed almost all - 83 percent - of the growth of total factor productivity in the U.S. private nonfarm economy between 1919 and 1929.
JSTORThis link opens in a new windowJSTOR provides access to more than 12 million academic journal articles, books, and primary sources in 75 disciplines.
History Reference CenterThis link opens in a new windowHistory Reference Center features cover-to-cover full text for historical encyclopedias and other non-fiction books. The database also includes full text for leading history periodicals, historical documents, and biographies of historical figures, as well as historical photos and maps and historical film and video.
Video
Overview of cycles of regulation, de-regulation and government in 20th century US capitalism. Duration 14 mins 20 sec.
Website articles
Domestic economic policyThroughout the '20s, the government's pro‐business policies were reflected in tax cuts, a reduction in federal spending, and high tariffs. Under Secretary of the Treasury Mellon, who served all three Republican presidents, the maximum rate on personal income was significantly lowered, as were estate taxes and taxes on excess profits.
1920s Economy - what made the Twenties roarThe 1920s is the decade when America's economy grew 42%. Mass production spread new consumer goods into every household. The modern auto and airline industries were born. The U.S. victory in World War I gave the country its first experience of being a global power. Soldiers returning home from Europe brought with them a new perspective, energy, and skills. Everyone became an investor thanks to easy access to credit. That hidden weakness helped cause the Great Depression.
What was the New Deal?The New Deal was a series of programs and projects instituted during the Great Depression by President Franklin D. Roosevelt that aimed to restore prosperity to Americans.
The Great Depression and the New Deal (Follett ebook) by 