Miller Center

Judge Glock

History, Rutgers University

“The Search for a Balanced Economy: The Origins of Federal Intervention in the Mortgage Market, 1916-1960”

Glock photo

Visiting Assistant Professor

Judge Glock is currently 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 (GSE). He also works on the history of monetary thought.

Glock earned his PhD 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.

Glock’s dissertation investigates how and why the federal government became involved in the mortgage market beginning in the 1910s. 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.

Fellowship year: 2015

Mentor: Eric Rauchway, University of California - Davis

Selected Recent Publications

"The Roots of Government Meddling in Mortgages," The Wall Street Journal, November 3, 2014.

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