Benjamin M. Anderson

Economics and the Public Welfare


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      [print edition page 1]

      Economics and the Public Welfare

      [print edition page 2]

      [print edition page 3]

      Economics and the Public Welfare

       A Financial and Economic History of the United States, 1914-46

      Benjamin M. Anderson

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      [print edition page 4]

      This book is published by Liberty Fund, Inc., a foundation established to encourage study of the ideal of a society of free and responsible individuals.

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      The cuneiform inscription that serves as our logo and as a design element in Liberty Fund books is the earliest-known written appearance of the word “freedom” (amagi), or “liberty.” It is taken from a clay document written about 2300 B.C. in the Sumerian city-state of Lagash.

      Foreword © 1979 by Liberty Fund, Inc. First edition published in 1949 by D. Van Nostrand Company, Inc.

      This eBook edition published in 2014.

      eBook ISBNs:

       978-1-61487-063-0

       978-1-61487-141-5

       www.libertyfund.org

      [print edition page 5]

      Contents

CHAPTER
The Prewar World, 1913
The Outbreak of the War in 1914
The War Prosperity
Our War Economic Policy
The Federal Reserve System, 1914-18
The Postwar Boom, 1919-20
The Causes of the Crisis of 1920
The Crisis—1920-21
The Rapid Revival—August 1921 to March 1923
The Government’s Contribution to the Revival, 1921-23
The Money Market, 1920-23—Renewed Bank Expansion
Our Foreign Policy, 1919-24
Germany, 1918-24
France, 1918-24
The Dawes Plan