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Gerald D. Suttles and Mark D. Jacobs

Print publication date: 2011

Print ISBN-13: 9780226781983

Published to Chicago Scholarship Online: March 2013

DOI: 10.7208/chicago/9780226782010.001.0001

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The Grounding of the Economy

The Grounding of the Economy

Chapter:
(p.16) Chapter Two The Grounding of the Economy
Source:
Front Page Economics
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226782010.003.0002

This chapter addresses the period following the 1929 crash when the first of these dramatisms came under trial and the New Deal followers of John Maynard Keynes began to fashion a new dramatism. There was business in 1929, but that was often contrasted to finance or commerce. In the Tribune, the stock market was especially suspect since it diverted money from “legitimate lines of business.” The theory of the natural business cycle had strong staying power. Economic as a modifier was in wide use in 1930 and 1931. In 1929, it was common for Tribune journalists to write an entire article on commerce, business, and such without any credited authority. In 1987, the proportion of authoritative news coming from the president or the White House had doubled over that in 1929, while the use of congressional informants had shrank to less than a third of what it was.

Keywords:   economy, 1929 crash, John Maynard Keynes, Tribune, stock market, commerce, business

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