Union Politics and Postwar Liberalism in the United States, 1946–1979

It is evident now that the political structures built in the United States over the last half-century depended for their successful functioning on a set of international conditions that no longer exist. The government programs of the 1930s to protect labor organization, promote high agricultural prices, and provide cheap credit would have caused, had the gold standard not been defunct, massive gold outflows, worsening the already severe economic contraction. The postwar offspring of these programs have multiplied under conditions of international trade and finance that in effect permitted the export of excess economic demand. For the last decade, with international circumstances less obliging, the task of whittling government down or at least controlling its growth has vexed successive administrations.