Posts Tagged ‘Franklin Roosevelt’

  • World War II industrial mobilization

    Winning World War II With Numbers

    Sep 2, 12 • 255 Views • Businesses, Demand, Supply, and Markets, Economic History, Economic Thinkers, Government, Innovation, Labor, Macroeconomic Measurement, Thinking Economically, UncategorizedNo Comments

    The year was 1940. Seeing that war might be imminent, President Roosevelt approached the president of General Motors. Wartime conversion was the issue. To become an “arsenal of democracy,” how could we produce planes instead of Pontiacs? With

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    The Opportunity Cost of Presidential Relaxation

    Mar 23, 11 • 165 Views • Economic History, Thinking EconomicallyNo Comments

    Talking about presidential relaxation, financial historian John Steele Gordon reminds us that not so long ago, a President could have been unreachable. When the financial panic of 1907 struck, because Theodore Roosevelt was off hunting bears in the Louisiana