Economic Crisis and Political Response: The Political Economy of the Shipping Act of 1916
研究了1916年航运法如何在美国战时危机背景下通过政治制度运作和妥协得以通过,创建了政府所有的航运公司,对理解危机中的经济政策制定有参考价值。
Governments often respond to crisis situations with radical economic policies. The Shipping Act of 1916 created a government-owned shipping company. This significant departure from prior policy arose in the atmosphere of crisis surrounding the war in Europe. The Wilson Administration was able to use political institutions to its advantage and ensure that alternative, more moderate proposals would not be considered by the legislature. Initially thwarted by a filibuster, the administration was forced to compromise in order to maintain party loyalty and pass the bill in 1916.