This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Comparison of Economic Policy Date 1. Post-World War I a. US: Prosperous b. Germany: war guilt clause, reparations 2. Major economic groups a. All confront with different sets of values depending on the country 3. Baseline similarities a. General economic decline in both nations b. Mass unemployment c. Both followed leaders who failed to garner public support 4. Comparison of New Deal + Nazi attempts to spur the economy a. Competition between small and large industry b. Discussion of regulation in industry c. Germany: cartelists are in favor of totalitarian institutions that will allow them to control organized labor d. USA: in the early year, big business had no quarrel with the existing order, but soon there was much call for competitive price cutting.\ e. All of these different groups had contradictory ideas and goals. Neither Hitler nor FDR tried to clear up this confusion 5. Two Varieties of Corporatism a. Corporatism is a notion of socio-economic organization that was supposed to be a middle group between som and capitalism b. Argues that industry and workers should work together to bring economic order, eliminate competition, end wasteful...
View Full Document