The historiography on the Great Depression (1929-1941) is extensive.\u00a0 For this discussion, students will pick a strain in the historiography that they believe best reflects the historical reality of the Great Depression and then extrapolate to answer the question:
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Are you a Keynesian? Why or why not?\u00a0 Or, are you a free marketeer like Hayek?\u00a0
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It\u2019s important that students become aware of the popular arguments historians have put forward to understand Roosevelt\u2019s response to the Great Depression.\u00a0 These should help you think critically about your own position.\u00a0 After you have considered the three strains in the historiography below, answer the question\u2014Are you a Keynesian, or do you agree with Hayek?
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The conventional arguments made by historians can be reduced to the following:
1– Economic historians often debate the efficacy of Roosevelt\u2019s New Deal.\u00a0 Many liberal historians (liberal as in \u201cNew Deal historians\u201d sympathetic to Keynesian economics) have argued that Roosevelt\u2019s New Deal policies did help lift the American economy from the Great Depression.\u00a0 In short, the American economy was rescued by Roosevelt\u2019s New Deal.
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2– Other liberal historians (liberal as in \u201chard core New Deal historians\u201d that celebrate Keynes), however, have argued that Roosevelt\u2019s New Deal policies did not do enough, and that Roosevelt and the Democrats in fact should have provided a much more rigorous set of programs.\u00a0 According to this second set of liberal historians, Americans could have emerged from the Great Depression much sooner, with a stronger and dynamic economy, had Roosevelt and the New Deal Democrats offered a stronger federal response.\u00a0
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3–Conservative economic historians (influenced by free market economists like Hayek) have argued that Roosevelt\u2019s New Deal policies slowed the recovery, in part because any attempt by the government to intervene in the economy is largely misdirected, led by incompetents, and in fact worsens the problem.\u00a0 National economic systems are so complex, and public policy makers are incapable of understanding the unintended consequences of the programs, therefore practically every attempt by government at reform ends in disaster.\u00a0 Many conservative economic historians have argued that Roosevelt\u2019s New Deal policies prolonged the economic malaise, likely contributed to a deeper economic collapse, and in the process created an enlarged nation-state with powers that threatened American economic liberty.\u00a0 In other words, not only did the New Deal worsen the economic situation, but Americans also suffered a loss of personal liberty because the institutions that came from the New Deal greatly empowered the central state.
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Students should certainly watch the Yergin documentary The Commanding Heights for insight.\u00a0 And be sure to read the relevant documents in the Johnson for added perspective.\u00a0
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The essay will be 2 pages long.
Standard margins.
12 point times new roman font.
In-text parenthetical citations.\u00a0 For example: (Foner, 3), or (Johnson, 25).
The essay needs to reference\/cite at least 2 sources from the list of required readings\/videos\/websites.\u00a0 If the essay does not reference at least 2 sources, the grade will be penalized.
You may used the following sources and the attached document:
http:\/\/www.americanyawp.com\/text\/21-world-war-i\/
http:\/\/www.americanyawp.com\/text\/23-the-great-depression\/\u00a0
http:\/\/www.americanyawp.com\/text\/24-world-war-ii\/\u00a0
https:\/\/today.duke.edu\/2018\/11\/how-trauma-and-struggles-world-war-i-helped-shape-modern-world
https:\/\/www.learner.org\/series\/a-biography-of-america\/fdr-and-the-depression\/
https:\/\/www.learner.org\/series\/a-biography-of-america\/world-war-ii\/
https:\/\/www.youtube.com\/watch?v=PmiphUYwL_0
https:\/\/fcit.usf.edu\/holocaust\/resource\/gallery\/L1945B.htm
https:\/\/fcit.usf.edu\/holocaust\/resource\/gallery\/L1945.htm
https:\/\/www.youtube.com\/watch?v=vv4VhZy2L5Y
https:\/\/www.youtube.com\/watch?v=RceLAhPOS9Q
https:\/\/www.youtube.com\/watch?v=AL5noVCpVKw
https:\/\/www.youtube.com\/watch?v=y59wErqg4Xg
https:\/\/www.youtube.com\/watch?v=Q78COTwT7nE
https:\/\/www.youtube.com\/watch?v=PbwH1ZBnYds
https:\/\/www.theatlantic.com\/projects\/world-war-i-in-photos\/
https:\/\/www.youtube.com\/watch?v=gfRTpoYpHfw
https:\/\/www.youtube.com\/watch?v=AL5noVCpVKw <\/p>\n","protected":false},"excerpt":{"rendered":"
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