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In contemporary American political discourse, issues related to the scope, authority, and the cost of the federal government are perennially at the center of discussion. Any historical analysis of this topic points directly to the Great Depression, the "moment" to which most historians and economists connect the origins of the fiscal, monetary, and social policies that have characterized American government in the second half of the twentieth century. In the most comprehensive collection of essays available on these topics, The Defining Moment poses the question directly: to what extent, if any, was the Depression a watershed period in the history of the American economy? This volume organizes twelve scholars' responses into four categories: fiscal and monetary policies, the economic expansion of government, the innovation and extension of social programs, and the changing international economy. The central focus across the chapters is the well-known alternations to national government during the 1930's. The Defining Moment attempts to evaluate the significance of the past half-century to the American economy, while not omitting reference to the 1930's. The essays consider whether New Deal-style legislation continues to operate today as originally envisioned, whether it altered government and the economy as substantially as did policies inaugurated during World War II, the 1950's, and the 1960's, and whether the legislation had important precedents before the Depression, specifically during World War I. Some chapters find that, surprisingly, in certain areas such as labor organization, the 1930's responses to the Depression contributed less to lasting change in the economy than a traditional view of the time would suggest. On the whole, however, these essays offer testimony to the Depression's legacy as a "defining moment." The large role of today's government and its methods of intervention-from the pursuit of a more active monetary policy to the maintenance and extension of a wide range of insurance for labor and business-derive from the crisis years of the 1930's.

Depressions --- United States --- Economic conditions --- Economic policy --- -Depressions --- -United States --- -338.542 --- Commercial crises --- Crises, Commercial --- Economic depressions --- Business cycles --- Recessions --- Economic conditions. --- Economic policy. --- 338.542 --- E-books --- 1929 --- Depressions - 1929 - United States --- United States - Economic conditions --- United States - Economic policy --- great depression, economy, public policy, nonfiction, government, expansion, welfare, assistance, fiscal, monetary, new deal, legislation, labor organization, unions, business, history, deposit insurance, banks, banking, agriculture, federalism, regulation, unemployment compensation, social security, reciprocal trade agreements, smoot-hawley.

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In this nuanced revisionist history of modern American poetry, John Lowney investigates the Depression era's impact on late modernist American poetry from the socioeconomic crisis of the 1930's through the emergence of the new social movements of the 1960's. Informed by an ongoing scholarly reconsideration of 1930's American culture and concentrating on Left writers whose historical consciousness was profoundly shaped by the Depression, World War II, and the Cold War, Lowney articulates the Left's challenges to national collective memory and redefines the importance of late modernism in American

American poetry -- 20th century -- History and criticism. --- Depressions -- 1929 -- United States. --- Poets, American -- 20th century -- Political and social views. --- Politics and literature -- United States -- History -- 20th century. --- Right and left (Political science) in literature. --- American poetry --- Right and left (Political science) in literature --- Politics and literature --- Poets, American --- Depressions --- English --- Languages & Literatures --- American Literature --- History and criticism --- History --- Political and social views --- History and criticism. --- Political and social views. --- American poets