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Introduction

In: Alvin Hansen

Author

Listed:
  • Robert J. Bigg

Abstract

America in the early twentieth century was an uneasy alliance of agriculture, industry, and finance, laid bare in the speculative boom of 1929, subsequent crash, and Great Depression of the 1930s. The pioneering west versus the financial control of the east. The New Deal reflected those different concerns, balanced with the needs of the population and democracy as a whole, as it sought to find the right mix of planning and control in an essentially capitalist system while avoiding the fascism of monopoly or the totalitarianism of a planned socialist economy.

Suggested Citation

  • Robert J. Bigg, 2023. "Introduction," Great Thinkers in Economics, in: Alvin Hansen, pages 1-6, Palgrave Macmillan.
    • Handle: RePEc:pal:gtechp:978-3-031-42216-4_1
    DOI: 10.1007/978-3-031-42216-4_1
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