"HISTORY ET AL"

The 1929 Stock Market Crash: The FED did nothing and Gold Came up Short By Patrick Eaton For economists and businessmen, financiers and historians, a great debate continues into contemporary times well beyond that sad and tough period known as the great depression. Life saving vanished in a period of flash sell offs and ‘Black Tuesday’ ushered in a period that would see the United States suffer its darkest economic chapter from 1929 until the late 1930’s. The great debate as to the cause of the stock market crash is classic in its form: one group of thinkers believes it was monetary policy (monetarist) while the other group thinks it was demand driven (Keynesian). And of course, a third way (heterodox) has emerged. The heterodox argument is the quintessential catch-all; all the outside arguments that either disagree with the monetarist or Keynesian models.      The New York Stock Exchange Weeks Before the 1929 Collapse. [1] What all thinking agrees upon is the U.S. stock mark

      Duquesne Steel Plant, Carnegie Steel Co., Duquesne, Pa. [1] MAN OF STEEL: ANDREW CARNEGIE   By Patrick Eaton                                                                                                                                                                                Mr. Andrew Carnegie, a titan of American Business during the Post Bellum and into the early twentieth century, led the United States industrial expansion and specifically, of the American steel industry. Carnegie, in his book, The Gospel of Wealth , presents the idea that captains of industry were indeed, special men; capable of organizing, of producing, of emerging humanity to effectively create and manufacture not only products but social change. “We accept and welcome, therefore, as to conditions to which we must accommodate ourselves, great inequality of environment; the concentration of business, industrial, and commercial, in the hands of a few; and the law of competition between these,

  U.S. Iron Ship Building 1860 to 1900: A Comparison between Two Small Shipyards in San Francisco and East Boston By Patrick R. Eaton The Post-bellum period saw rapid expansion across industries in the United States. Coupled with the great move west and ‘manifest destiny,’ the United States transitioned towards an economy of heavy industry and large-scale manufacturing. Shipbuilding, naturally underwent change between 1865 and 1900. The pre-Civil War era saw shipping production at large and small yards across the West Coast, Great Lakes, Mississippi River, the Gulf Coast and of course, the East Coast. The ships constructed were generally wood and were sail powered. The advent of the combustion engine, use of steam and coal saw technologies from rail applied to ships. Further, ship design underwent radical change and soon hulls were made of both; wood and steel. Traditional Pre-Bellum shipbuilding relied on wood and craftsmen from carpentry trades. This allowed for numerous sm