Shlaes & Rdquo: The Forgotten Man

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Notes / Study Questions—Shlaes, “The Forgotten Man” Economics 104; Introduction to Political Economic—Macroeconomics Fall 2008; Mr. Vaughan Caveat: Throughout these study notes and questions, the phrase “according to Ms. Shlaes” should be taken as implied. Introduction Notes: 1. Page 4: Huey Long was a demagogic left-wing southern governor (and later U.S. senator) who presided over a virtual dictatorship of the state of Louisiana in the late 1920s and early 1930s. He planned to run against President Roosevelt in 1936 but was assassinated in Baton Rouge in 1935. Here is a link to his Wikipedia entry: http://en.wikipedia.org/wiki/Huey_Long Ken Burns filmed an excellent documentary about Long for the PBS series, American Experience. Here is a link to the documentary on Amazon:…show more content…
Who, specifically, ranks among the people the New Deal forgot or hurt? *** Chapter One—“The Beneficent Hand” Notes: 1. Page 15: In 1927, Louisiana suffered a flood as catastrophic as that following Hurricane Katrina. [Note: Ironically, the 1927 flood vaulted Hoover into the presidency, whereas the 2005 flood marked a turning point in public perception of President Bush’s performance.] The PBS documentary, Fatal Flood (on the American Experience), provides an excellent historical account. Here is a link to the PBS website (which also includes information about the flood): http://www.pbs.org/wgbh/amex/flood/ 2. Page 38: Secretary Mellon’s principal economic legacy is the idea that under some circumstances a cut in income tax rates can stimulate the economy to such a degree that tax revenues actually rise. Indeed, he can be thought of as the original “supply-sider,” the intellectual father of the Reagan and Bush tax cuts. Here is a link to a short essay about the Mellon tax cuts:
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