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Today FDR's New Deal is regarded as the democratic ideal, the positive American response to the economic crisis that propelled Germany and Italy toward Fascism. Yet in the 1930s, these regimes were hardly considered antithetical. Cultural historian Schivelbusch investigates their shared elements...
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We provide evidence that individuals substitute between political contributions and charitable contributions, using micro data from the American Red Cross and Federal Election Commission. First, we find that foreign natural disasters, which are positive shocks to charitable giving, crowd out...
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