B005HFI0X2 EBOK (63 page)

78.
Quoted in Gaudi B. Eggertsson et al.,
The Mistake of 1937: A General Equilibrium Analysis
(Institute of Monetary and Economic Studies, Bank of Japan, 2006), 25.

79.
Douglas A. Irwin, “Gold Sterilization and the Recession of 1937–38” (working paper, Dartmouth College and NBER, September 9, 2011).

80.
William O. Douglas,
Go East, Young Man
(New York: Random House, 1974), 284; quoted in Janeway,
The Fall of the House of Roosevelt
, 37.

81.
Jordan A. Schwarz,
Liberal: Adolf A. Berle and the Vision of an American Era
(New York: The Free Press, 1987), 111–13.

82.
Michael Keaney, ed.,
John Kenneth Galbraith: Economist with a Public Purpose
(New York: Routledge, 2004), 224.

83.
Lauchlin Currie,
Memoirs
(1952), unpublished, p. 85; quoted in Roger J. Sandilands,
The Life and Political Economy of Lauchlin Currie: New Dealer, Political Advisor, and Development Expert
(Durham, NC: Duke University Press, 1990), 94.

84.
Christina Romer, “What Ended the Great Depression?”
Journal of Economic History
52, no. 4 (December 1992): 757.

85.
Eggertsson et al.,
The Mistake of 1937
.

86.
US Bureau of the Census,
Historical Statistics of the United States: Colonial Times to 1957
(Washington, DC: US Government Printing Office, 1969); Michael Darby, “Three and a Half Million U.S. Employees Have Been Mislaid: Or an Explanation of Unemployment 1934–1941,”
Journal of Political Economy
84, no. 1 (February 1976): 1–16.

87.
Edsforth,
The New Deal
, 287.

88.
Figure 10.1, “WPA’s Contribution to Infrastructure, 1935–43, Based on U.S. Federal Works Agency, Final Report on the WPA Program 1935–43 (Washington: Government Printing Office, 1947),” in Edsforth,
The New Deal
, 226.

89.
Ronald W. Reagan,
Ronald Reagan: An American Life
(New York: Simon & Schuster, 1990), 69.

90.
John Kenneth Galbraith,
The Economic Effects of the Federal Public Works Expenditures 1933–1938
(New York: Da Capo Press, 1975 [originally published in 1940]), 109.

91.
E. Cary Brown, “Fiscal Policy in the ’Thirties: A Reappraisal,”
American Economic Review
46, no. 5 (December 1956): 867.

92.
Ibid., 868–69.

93.
Ibid., 866.

94.
Robert Emmet Sherwood,
Roosevelt and Hopkins: An Intimate History
(New York: Bantam Books, 1950), 1:90.

95.
John Easton, in “You’re Gonna Have Lace Curtains,” in WPA Federal Writers Project
, These Are Our Lives
(New York: W. W. Norton, 1975), 15–16; quoted in Bruce J. Schulman,
From Cotton Belt to Sunbelt: Federal Policy, Economic Development, and the Transformation of the South, 1938–1980
(Durham, NC: Duke University Press, 1994), 35.

96.
Quoted in Edsforth,
The New Deal
, 216.

97.
Schlesinger,
The Age of Roosevelt
, vol. 3,
The Politics of Upheaval
, 424.

98.
Lyndon B. Johnson, “Remarks at the Municipal Park, South Gate, California, October 11, 1964,”
Public Papers of the Presidents
(Washington, DC: United States Government Printing Office, 1966), 1963–1964, 2:1296; quoted in William E. Leuchtenberg,
In the Shadow of FDR: From Harry Truman to George W. Bush
(Ithaca, NY: Cornell University Press, 1983).

CHAPTER 12: ARSENAL OF DEMOCRACY

1.
Quoted in Francis Walton,
Miracle of World War II: How American Industry Made Victory Possible
(New York: Macmillan, 1956), 42.

2.
Quoted in
Look
Magazine Editors,
Oil for Victory: The Story of Petroleum in War and Peace
(New York: McGraw-Hill, 1946), 15.

3.
Quoted in William E. Leuchtenberg,
Franklin D. Roosevelt and the New Deal: 1932–1940
(New York: Harper & Row, 1963), 74.

4.
Franklin Delano Roosevelt, “Arsenal of Democracy” (speech, Washington, DC, December 29, 1940, http://teachingamericanhistory.org/library/index.asp?documentprint=657 (accessed November 15, 2011).

5.
Harold G. Vatter,
The U.S. Economy in World War II
(New York: Columbia University Press, 1985), 3. See also Gerald T. White,
Billions for Defense: Government Financing by the Defense Plant Corporation During World War II
(University, AL: University of Alabama Press, 1980).

6.
Wyatt Wells,
Antitrust and the Formation of the Postwar World
(New York: Columbia University Press, 2002), 70.

7.
Vatter,
The U.S. Economy in World War II
, 14.

8.
Jerome G. Poppers,
History of United States Military Logistics, 1935–1985
(Huntsville, AL: Logistics Education Foundation, 1988), 6.

9.
J. M. Scammell, “History of the Industrial College of the Armed Forces 1924–1946” (unpublished manuscript, National Defense University Library, 1946), 5; quoted in Alan L. Gropman,
Mobilizing U.S. Industry in World War II: Myth and Reality
(Honolulu, HI: University Press of the Pacific, 2005), 12.

10.
Donald M. Nelson,
Arsenal of Democracy
(New York: Harcourt, Brace, 1946), 87–88.

11.
David M. Kennedy,
Freedom from Fear: The American People in World War II
(New York: Oxford University Press, 1999), 229.

12.
Jim Lacey,
Keep from All Thoughtful Men: How U.S. Economists Won World War II
(Annapolis, MD: Naval Institute Press, 2011).

13.
Vatter,
The U.S. Economy in World War II
, 29.

14.
Wells,
Antitrust and the Formation of the Postwar World
, 74.

15.
Vatter,
The U.S. Economy in World War II
, 147.

16.
David Mowery and Nathan Rosenberg, “Twentieth-Century Technological Change,” in
The Cambridge Economic History of the United States
, ed. Stanley L. Engerman and Robert E. Gallman, vol. 3,
The Twentieth Century
(Cambridge, UK: Cambridge University Press, 2000), 861.

17.
Walton,
Miracle of World War II
, 340.

18.
Daniel Yergin,
The Quest: Energy, Security, and the Remaking of the Modern World
(New York: Penguin Press, 2011), 229.

19.
Fred M. Shelley et al.,
Political Geography of the United States
(New York: Guilford Press, 1996), 88, 258.

20.
Bruce J. Schulman,
From Cotton Belt to Sunbelt: Federal Policy, Economic Development, and the Transformation of the South, 1938–1980
(Durham, NC: Duke University Press, 1994), 63.

21.
GlobalSecurity.org, “Michoud Assembly Facility,” www.globalsecurity .org/facility/michoud.htm (accessed December 12, 2011).

22.
Gropman,
Mobilizing U.S. Industry in World War II
, 3 and 28, note 12.

23.
Steven R. Waddell,
United States Army Logistics: From the American Revolution to 9/11
(Santa Barbara, CA: ABC-CLIO, 2010), 129.

24.
Vatter,
The U.S. Economy in World War II
, 17.

25.
Ibid., 114.

26.
Ibid., 120.

27.
Ibid., 122.

28.
Ibid., 124.

29.
Redd Evans and John Jacob Loeb, “Rosie the Riveter” (1942): Paramount Music Corporation, NY.

30.
“Women in Transportation: Changing America’s History,” United States Department of Transportation Web site, http://www.fhwa.dot.gov/wit/rosie.htm (accessed December 8, 2011).

31.
Maureen Honey,
Creating Rosie the Riveter: Class, Gender, and Propaganda During World War II
(Amherst: University of Massachusetts Press, 1984), 21.

32.
Walton,
Miracle of World War II
, 380.

33.
Vatter,
The U.S. Economy in World War II
, 20.

34.
Quoted in Richard Polenberg,
War and Society: The United States, 1941–1945
(Philadelphia: J. B. Lippincott, 1972), 124.

35.
Lyn Crost,
Honor by Fire: Japanese Americans at War in Europe and the Pacific
(Novato, CA: Presidio Press, 1994), xiii.

36.
Vatter,
The U.S. Economy in World War II
, 106.

37.
Walton,
Miracle of World War II
, 540–41.

38.
Mark Harrison, “The Economics of World War II: An Overview,” in
The Economics of World War II: Six Great Powers in International Competition
, ed. Mark Harrison (Cambridge, UK: Cambridge University Press, 1998), 10.

39.
Louis Galambos and Joseph Pratt,
The Rise of the Corporate Commonwealth: U.S. Business and Public Policy in the Twentieth Century
(New York: Basic Books, 1988), 157.

40.
Gropman,
Mobilizing U.S. Industry in World War II
, 2.

41.
Ibid.

42.
Tables 185–86, in Wladimir S. Woytinsky and Emma Shadkhan Woytinsky,
World Population and Production: Trends and Outlook
(New York: Twentieth Century Fund, 1953); cited in Giovanni Arrighi,
The Long Twentieth Century
(New York: Verso, 1994), 275.

43.
Waddell,
United States Army Logistics
, 129.

44.
Gropman,
Mobilizing U.S. Industry in World War II
, 53n38.

45.
Waddell,
United States Army Logistics
, 129.

46.
Ibid.

47.
Michael Lind,
The American Way of Strategy
(New York: Oxford University Press, 2006), 225.

48.
Alan Milward,
War, Economy, and Society: 1939–1945
(Los Angeles: University of California Press, 1979), 75.

49.
Quoted in “The Power Years: World War II and Texas Oil,”
Hazardous Business: Industry, Regulation, and the Railroad Commission
(online exhibit; Austin: Texas State Library and Archives Commission), 2.

CHAPTER 13: THE GLORIOUS THIRTY YEARS

1.
Adolf A. Berle,
The American Economic Republic
(New York: Harcourt, Brace & World, 1965 [originally published in 1963]), 91.

2.
John Kenneth Galbraith,
The Affluent Society
, 40th anniversary edition, updated and with a new introduction by the author (New York: Houghton Mifflin, 1998).

3.
Michael Lind,
The American Way of Strategy
(New York: Oxford University Press, 2006), 225.

4.
Wyatt Wells,
Antitrust and the Formation of the Postwar World
(New York: Columbia University Press, 2002), 188–89.

5.
Daniel Yergin,
The Quest: Energy, Security, and the Remaking of the Modern World
(New York: Penguin, 2011), 281–82. See also Daniel Yergin,
The Prize: The Epic Quest for Oil, Money, and Power
(New York: Free Press, 1991).

6.
Wyatt Wells,
Antitrust and the Formation of the Postwar World
(New York: Columbia University Press, 2002), 193–94.

7.
Ibid., 253n14.

8.
Ibid., 196.

9.
Vaclav Smil,
Oil: A Beginner’s Guide
(Oxford: Oneworld Publications, 2008), 26.

10.
Wells,
Antitrust and the Formation of the Postwar World
, 198–99.

11.
Forrest McDonald,
Insull:
The Rise and Fall of a Billionaire Utility Tycoon
(Washington, DC: Beard Books, 2004).

12.
Twentieth Century Fund Power Committee,
Electric Power and Government Policy: A Summary of Relations Between the Government and Electric Power Industry
(New York: Twentieth Century Fund, 1948); Ronald C. Tobey,
Technology as Freedom: The New Deal and the Electrical Modernization of the American Home
(Berkeley: University of California Press, 1996).

13.
Steven Solomon,
Water: The Epic Struggle for Wealth, Power, and Civilization
(New York: HarperCollins, 2010), 343.

14.
Ibid., 343.

15.
Ibid., 338 and 340.

16.
Alexander J. Field, “The Origins of U.S. Total Factor Productivity Growth in the Golden Age,”
Cliometrica
1 (April 2007): 74n2.

17.
Alan Lawson,
A Commonwealth of Hope: The New Deal Response to Crisis
(Baltimore: Johns Hopkins University Press, 2006), 102.

18.
Quoted in David Lanier Lewis,
The Public Image of Henry Ford: An American Folk Hero and His Company
(Detroit, MI: Wayne State University Press, 1976), 163.

19.
John P. Ferris, “Statement of the Present Attitude of TVA Concerning Industrial Development,” memorandum to H. A. Morgan, September 5, 1933, Records of the Tennessee Valley Authority, RG 142, TVA Board File Curtis-Morgan-Morgan, FARC; quoted in Bruce J. Schulman,
From Cotton Belt to Sunbelt: Federal Policy, Economic Development, and the Transformation of the South, 1938–1980
 (Durham, NC: Duke University Press, 1994), 35.

20.
Lawson,
A Commonwealth of Hope
, 122–23.

21.
Ray Kroc,
Grinding It Out: The Making of McDonald’s
(Chicago: Contemporary Books, 1977), 10.

22.
Martha Bianco,
Scott L. Bottles, Los Angeles, and the Automobile: The Making of the Modern City
(Berkeley: University of California Press, 1987).