Earl “Judge” Glock is a visiting assistant professor at the College of Business and Economics at West Virginia University. Glock’s research focuses on American economic history and the history of central banking and money. His work explores the origins of lender of last resort functions, the development of mortgage markets, and the creation of government-sponsored enterprises (GSEs). Glock earned his Ph.D. in American history at Rutgers University, where his research focused on the political and financial history of the early 20th century. Before coming to Rutgers, Glock did historical research on Native American and environmental affairs for the Department of Justice and taught English in China. He received both his B.A. and M.A. in history from the College of William and Mary, where he completed a thesis on the electric streetcar and urban real estate in Richmond, Virginia.
The Search for a Balanced Economy: The Origins of Federal Intervention in the Mortgage Market, 1916-1960
Glock’s dissertation, “The Search for a Balanced Economy: The Origins of Federal Intervention in the Mortgage Market, 1916-1960,” investigates how and why the federal government became involved in the mortgage market beginning in the 1910’s. He hopes to show that a desire for “economic balance” between different sectors, such as agriculture and industry, led the government to create a series of implicitly-guaranteed but nominally private financial corporations, such as the Federal Land Banks, the Federal Home Loan Banks, and Fannie Mae, which could subsidize mortgages in supposedly backward areas of the economy. In practice, however, these corporations focused less on balancing economic sectors than on protecting the financial system and ensuring its overall liquidity. He has presented his work at numerous national conferences, where he most recently discussed the long-term interest rate in the theories of John Maynard Keynes and the effect of the Federal Housing Administration on American cities. He recently reviewed Matthew Gordon Lasner’s book, “High Life: Condo Living in the Suburban Century,” for Planning Perspectives.