Post Tagged with: "Reconstruction Finance Corporation"

The Watts Bar dam on the Tennessee River, built from 1939 to 1942, provided urgently needed electricity for the World War II effort. (TVA.org)

New Deal Credit Policies in Rural America

Increasing Productivity, Expanding Farm Output, Eliminating Poverty  By Stuart Rosenblatt July 5, 2020–As the nation confronts the expanding COVID-19 crisis and the collateral economic damage caused by the pandemic—the most severe economic crisis since the Great Depression—a consensus is emerging that any recovery effort include a commitment to employ millions […]

by July 5, 2020 History, Infrastructure
An image of the coronavirus published by the Philadelphia government.

Urgent Lessons of the WWII Mobilization

By Stuart Rosenblatt   March 23, 2020–As the horrible reality of the coronavirus contagion begins to sink in, there is now much talk about a “World War II Mobilization” or a “New Marshall Plan” to attack the crisis.  This is now all to the good, albeit a bit tardy to the […]

by March 23, 2020 Commentary, History
Charleston harbor, one of the few projects funded to completion in the 2020 budget.

A Baby Step on Infrastructure Funding

By Nancy Spannaus May 15, 2019—On May 8, the House Transportation and Infrastructure Committee, under Chairman Peter DeFazio, took a baby step toward increasing Federal spending on vital national infrastructure. It passed out of Committee HR 2440, a bill which would allow the Army Corps of Engineers to utilize the […]

by May 15, 2019 Infrastructure Bank, News
The Grand Coulee Dam, one of the major power projects of the New Deal.

Vital Lessons from the WWII Economic Mobilization

Sept.  11, 2018—In this final section of Stuart Rosenblatt’s Lessons from the WWII Economic Mobilization, he presents three key conclusions from his indepth study of the 1939-1944 period. First, he discusses the components of the dramatic rise in Total Factor Productivity. Second, he recapitulates the means of financing the mobilization. […]

by September 11, 2018 Commentary, History
A graphic of total factor productivity in the 20th Century, showing the effects of the FDR banking policy.

A Brief History of the Principle of National Banking in the United States

Aug. 27, 2018–While Central Banks exist in many other countries, the United States is unique in its successful development of national banking.  The purpose of National Banks, developed even before the ratification of the U.S. Constitution, was to marshal the financial resources of the young nation and direct them into […]

by August 27, 2018 Commentary, Infrastructure Bank
The Oak Ridge complex where nuclear power was born.

A Qualitative Economic Transformation

By Stuart Rosenblatt Aug. 16, 2018–The following is part 5 of a series devoted to “Lessons for a Recovery: The WWII Economic Mobilization.” Click the following titles for the previous parts: Part One , Part Two , Part Three , and Part Four . As the Allies shifted to the […]

by August 16, 2018 Commentary
An auto plant converted for war production

The Quintessential Mobilization Economy

By Stuart Rosenblatt The following is part 4 of a series devoted to “Lessons for a Recovery: The WWII Economic Mobilization.” Click the following titles for the previous three parts: Part One, Part Two , and Part Three . July 18, 2018—The evening of December 7, “the day that will […]

by July 21, 2018 Commentary, History
Synthetic rubber production underway.

Creating New Industries from Scratch

The following is part 3 of a series on Lessons for a Recovery: The WWII Economic Mobilization. Part 2 appeared June 19. Part 1 was published May 18. By Stuart Rosenblatt Thanks to the foresight and efforts of President Roosevelt, Jesse Jones, and others, the United States was already in a […]

by July 10, 2018 Commentary, History
FDR joins youth at a CCC camp.

Lessons for a Recovery: The WWII Economic Mobilization

May 18, 2018–The following article kicks off a series documenting the extraordinary qualitative leap in American economic productivity during the World War II mobilization.  Part One: FDR and Jesse Jones Prepare the Way By Stuart Rosenblatt The United States finds itself hopelessly mired in an economic crisis of its own […]

by May 18, 2018 Commentary
Franklin Roosevelt Addresses the Nation on Banking Crisis in March, 1933

FDR’s Hundred Days, 85th Anniversary: Profound Crises Require Real Leadership

Book Review by John Ascher   Nothing to Fear: FDR’s Inner Circle and the Hundred Days that Created Modern America, Adam Cohen Penguin Press, 2009, 372 pp.   April 21, 2018–Outstanding amongst the more recent portrayals of President Franklin Roosevelt’s “100 Days” is the account in Nothing to Fear, the […]

by April 21, 2018 Commentary, Glass-Steagall, History