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Introduction

In: Who Governs?

Author

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  • John H. Wood

    (Wake Forest University)

Abstract

Market problems such as monopoly, fraud, speculation, and/or manipulation are perceived, the legislature passes a law to correct them, a bureaucracy is assigned to interpret and enforce the law, buyers and sellers comply, and the problems are solved. Or are they? Are the promises of politicians and the stories of textbooks believable? This book examines the public and government reactions, and the effectiveness of those reactions, to two famous sets of crises: the securities collapses of the Great Depression and the bank panics of the late nineteenth and early twentieth centuries, culminating in 1907.

Suggested Citation

  • John H. Wood, 2020. "Introduction," Palgrave Studies in American Economic History, in: Who Governs?, chapter 0, pages 1-14, Palgrave Macmillan.
    • Handle: RePEc:pal:psichp:978-3-030-33083-5_1
    DOI: 10.1007/978-3-030-33083-5_1
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