Taming the Street: The Old Guard, the New Deal, and FDR's Fight to Regulate American Capitalism
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After World War I, little effort was made by the federal government to enforce the antitrust laws
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Hoover and many rural Protestants supported it.
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Common wisdom today is that the wave of postcrash suicides is mere folklore, fed by a few lurid examples like Jimmy Riordan. But these specific suicides certainly happened;
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By 1929, the richest 10 percent of the population was receiving fully half the national income; the richest one-tenth of 1 percent was getting nearly a quarter of the national income.
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Depositors who became shareholders were, in effect, guaranteeing their own nest eggs.
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along with a bill from Roosevelt to legalize beer, a wildly popular step away from Prohibition and a deft media distraction.
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“The American people will not be deceived by anyone who attempts to suppress individual liberty under the pretense of patriotism.”