The American Economy and the End of Laissez-Faire: 1870 to World War II
by Murray N. Rothbard · 13 episodes
Presented by Murray N. Rothbard in Fall 1986 at New York Polytechnic University. Recorded by Hans-Hermann Hoppe. Download the complete audio of this event (ZIP) here.
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9. The Progressive Era?
Progressive movement came in in 1900 to eliminate political parties. Technocrats and bureaucrats take over political power. Rural versus urban. Eliminate mayors, eliminate voting a…
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10. Cartelization of Banking: The Fed
Bernard Baruch ran WWI as an absolute collectivist controller. The Federal Reserve was created in 1913 by Morgan men to cartelize the banking system and limit competition. Producti…
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11. Woodrow Wilson and World War I
Where did Benjamin Strong - head of the Fed - come from? Rothbard continues to reveal the individuals who shaped our world and wars. Morgan's empire brought us the irrational and u…
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12. The Great Cooperation
Public housing, planned cities, government power plants, and coerced unionism were all part of the great cooperation between corporations and government through WWI and WWII. Milto…
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13. Politics and the Power Elite
With WWII, Morgans get their war in Europe; Rockefellers get their war in Asia. Both sides are happy. Rockefellers take over foreign relations and create the Trilateral Commission,…
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8. Regulation and Public Utilities
State dominated cartels used intellectuals as apologists for the government. Big unionism was to transmit orders to the working class. Public utilities were government monopolies f…
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3. The Decline of Laissez-Faire
Economics is a constant fight between the market and the government. The railroad cartel did not work against the free market even with ideal conditions. Airlines were tightly regu…
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4. The Rise and Fall of Monopolies
Petroleum entered the industrial scene in 1859 with John D. Rockefeller's hard work. As the first manufacturing corporation, Standard Oil created a monopoly in kerosene refining by…
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5. Pietism and the Power Brokers
When pietists shift to the Republican party, they form the progressive movement of 1900-1920. Rockefeller- McKinley forms alliances with power brokers like Kuhn, Loeb & Co., and Ha…
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6. Tariffs, Inflation, Anti-Trust and Cartels
The Sherman Act outlawed restraint of trade. The Clayton Act added to that. Anti-Trust hysteria came in the 1940-50s. Whatever you did would be considered monopolistic. The charges…
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7. Theodore Roosevelt: Master Reformer
Assassinations in American are only by lone nuts. No one who benefits is ever suspected, like Lyndon Johnson. The progressive period saw a re-alliance of church and state - secular…
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1. The Civil War and Its Legacy
How does government intervene in the economy? What are the consequences? What are the motivations behind passing these interventions? The lives of the people involved explain why t…
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2. The Railroading of the American People
The railroads experienced both enormous growth and enormous government intervention. Land was closed off from settlement, causing farmers to oppose the privileged railroads. Market…