The Depression

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Down and Out in the Great Depression

Author : Robert S. McElvaine
Publisher : Univ of North Carolina Press
ISBN 13 : 0807898813
Total Pages : 276 pages
Book Rating : 4.8/5 (78 download)

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Book Synopsis Down and Out in the Great Depression by : Robert S. McElvaine

Download or read book Down and Out in the Great Depression written by Robert S. McElvaine and published by Univ of North Carolina Press. This book was released on 2009-11-30 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Down and Out in the Great Depression is a moving, revealing collection of letters by the forgotten men, women, and children who suffered through one of the greatest periods of hardship in American history. Sifting through some 15,000 letters from government and private sources, Robert McElvaine has culled nearly 200 communications that best show the problems, thoughts, and emotions of ordinary people during this time. Unlike views of Depression life "from the bottom up" that rely on recollections recorded several decades later, this book captures the daily anguish of people during the thirties. It puts the reader in direct contact with Depression victims, evoking a feeling of what it was like to live through this disaster. Following Franklin D. Roosevelt's inauguration, both the number of letters received by the White House and the percentage of them coming from the poor were unprecedented. The average number of daily communications jumped to between 5,000 and 8,000, a trend that continued throughout the Rosevelt administration. The White House staff for answering such letters--most of which were directed to FDR, Eleanor Roosevelt, or Harry Hopkins--quickly grew from one person to fifty. Mainly because of his radio talks, many felt they knew the president personally and could confide in him. They viewed the Roosevelts as parent figures, offering solace, help, and protection. Roosevelt himself valued the letters, perceiving them as a way to gauge public sentiment. The writers came from a number of different groups--middle-class people, blacks, rural residents, the elderly, and children. Their letters display emotional reactions to the Depression--despair, cynicism, and anger--and attitudes toward relief. In his extensive introduction, McElvaine sets the stage for the letters, discussing their significance and some of the themes that emerge from them. By preserving their original spelling, syntax, grammar, and capitalization, he conveys their full flavor. The Depression was far more than an economic collapse. It was the major personal event in the lives of tens of millions of Americans. McElvaine shows that, contrary to popular belief, many sufferers were not passive victims of history. Rather, he says, they were "also actors and, to an extent, playwrights, producers, and directors as well," taking an active role in trying to deal with their plight and solve their problems. For this twenty-fifth anniversary edition, McElvaine provides a new foreword recounting the history of the book, its impact on the historiography of the Depression, and its continued importance today.

The Great Depression Ahead

Author : Harry S. Dent
Publisher : Simon and Schuster
ISBN 13 : 1416595279
Total Pages : 403 pages
Book Rating : 4.4/5 (165 download)

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Book Synopsis The Great Depression Ahead by : Harry S. Dent

Download or read book The Great Depression Ahead written by Harry S. Dent and published by Simon and Schuster. This book was released on 2009-01-06 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first and last economic depression that you will experience in your lifetime is just ahead. The year 2009 will be the beginning of the next long-term winter season and the initial end of prosperity in almost every market, ushering in a downturn like most of us have not experienced before. Are you aware that we have seen long-term peaks in our stock market and economy very close to every 40 years due to generational spending trends: as in 1929, 1968, and next around 2009? Are you aware that oil and commodity prices have peaked nearly every 30 years, as in 1920, 1951, 1980 -- and next likely around late 2009 to mid-2010? The three massive bubbles that have been booming for the last few decades -- stocks, real estate, and commodities -- have all reached their peak and are deflating simultaneously. Bestselling author and renowned economic forecaster Harry S. Dent, Jr., has observed these trends for decades. As he first demonstrated in his bestselling The Great Boom Ahead, he has developed analytical techniques that allow him to predict the impact they will have. The Great Depression Ahead explains "The Perfect Storm" as peak oil prices collide with peaking generational spending trends by 2010, leading to a more severe downtrend for the global economy and individual investors alike. He predicts the following: • The economy appears to recover from the subprime crisis and minor recession by mid-2009 -- "the calm before the real storm." • Stock prices start to crash again between mid- and late 2009 into late 2010, and likely finally bottom around mid-2012 -- between Dow 3,800 and 7,200. • The economy enters a deeper depression between mid-2010 and early 2011, likely extending off and on into late 2012 or mid-2013. • Asian markets may bottom by late 2010, along with health care, and be the first great buy opportunities in stocks. • Gold and precious metals will appear to be a hedge at first, but will ultimately collapse as well after mid- to late 2010. • A first major stock rally, likely between mid-2012 and mid-2017, will be followed by a final setdback around late 2019/early 2020. • The next broad-based global bull market will be from 2020-2023 into 2035-2036. Conventional investment wisdom will no longer apply, and investors on every level -- from billion-dollar firms to the individual trader -- must drastically reevaluate their policies in order to survive. But despite the dire news and dark predictions, there are real opportunities to come from the greatest fire sale on financial assets since the early 1930s. Dent outlines the critical issues that will face our government and other major institutions, offering long- and short-term tactics for weathering the storm. He offers recommendations that will allow families, businesses, investors, and individuals to manage their assets correctly and come out on top. With the right knowledge and preparation, you can take advantage of new wealth opportunities rather than get caught in a downward spiral. Your life is about to change for reasons outside of your control. You can't change the direction of the winds, but you can reset your sails!

The Great Depression

Author : Robert S. McElvaine
Publisher : Crown
ISBN 13 : 0307774449
Total Pages : 432 pages
Book Rating : 4.3/5 (77 download)

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Book Synopsis The Great Depression by : Robert S. McElvaine

Download or read book The Great Depression written by Robert S. McElvaine and published by Crown. This book was released on 2010-10-27 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the classic studies of the Great Depression, featuring a new introduction by the author with insights into the economic crises of 1929 and today. In the twenty-five years since its publication, critics and scholars have praised historian Robert McElvaine’s sweeping and authoritative history of the Great Depression as one of the best and most readable studies of the era. Combining clear-eyed insight into the machinations of politicians and economists who struggled to revive the battered economy, personal stories from the average people who were hardest hit by an economic crisis beyond their control, and an evocative depiction of the popular culture of the decade, McElvaine paints an epic picture of an America brought to its knees—but also brought together by people’s widely shared plight. In a new introduction, McElvaine draws striking parallels between the roots of the Great Depression and the economic meltdown that followed in the wake of the credit crisis of 2008. He also examines the resurgence of anti-regulation free market ideology, beginning in the Reagan era, and argues that some economists and politicians revised history and ignored the lessons of the Depression era.

The Mindful Way through Depression

Author : Mark Williams
Publisher : Guilford Press
ISBN 13 : 1462508014
Total Pages : 289 pages
Book Rating : 4.4/5 (625 download)

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Book Synopsis The Mindful Way through Depression by : Mark Williams

Download or read book The Mindful Way through Depression written by Mark Williams and published by Guilford Press. This book was released on 2012-06-04 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you’ve ever struggled with depression, take heart. Mindfulness, a simple yet powerful way of paying attention to your most difficult emotions and life experiences, can help you break the cycle of chronic unhappiness once and for all. In The Mindful Way through Depression, four uniquely qualified experts explain why our usual attempts to “think” our way out of a bad mood or just “snap out of it” lead us deeper into the downward spiral. Through insightful lessons drawn from both Eastern meditative traditions and cognitive therapy, they demonstrate how to sidestep the mental habits that lead to despair, including rumination and self-blame, so you can face life’s challenges with greater resilience. This e-book includes an audio program of guided meditations, narrated by Jon Kabat-Zinn, for purchasers to stream or download from the web. See also the authors' Mindful Way Workbook, which provides step-by-step guidance for building your mindfulness practice in 8 weeks. Plus, mental health professionals, see also the authors' bestselling therapy guide: Mindfulness-Based Cognitive Therapy for Depression, Second Edition. Association for Behavioral and Cognitive Therapies (ABCT) Self-Help Book of Merit

America's Great Depression

Author : Murray N. Rothbard
Publisher : Blurb
ISBN 13 : 9780464857310
Total Pages : 372 pages
Book Rating : 4.8/5 (573 download)

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Book Synopsis America's Great Depression by : Murray N. Rothbard

Download or read book America's Great Depression written by Murray N. Rothbard and published by Blurb. This book was released on 2018-09-10 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: America's Great Depression is the classic treatise on the 1930s Great Depression and its root causes. Author Rothbard blames government interventionist policies for magnifying the duration, breadth, and intensity of the Great Depression. He explains how government manipulation of the money supply sets the stage for the familiar "boom-bust" phases of the modern market which we know all too well. He then details the inflationary policies of the Federal Reserve from 1921 to 1929 as evidence that the depression was essentially caused not by speculation, but by government and central bank interference in the market. Clearly we find history tragically repeating itself today. A must-read.

America's First Great Depression

Author : Alasdair Roberts
Publisher : Cornell University Press
ISBN 13 : 0801464676
Total Pages : 265 pages
Book Rating : 4.8/5 (14 download)

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Book Synopsis America's First Great Depression by : Alasdair Roberts

Download or read book America's First Great Depression written by Alasdair Roberts and published by Cornell University Press. This book was released on 2012-04-15 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: For a while, it seemed impossible to lose money on real estate. But then the bubble burst. The financial sector was paralyzed and the economy contracted. State and federal governments struggled to pay their domestic and foreign creditors. Washington was incapable of decisive action. The country seethed with political and social unrest. In America's First Great Depression, Alasdair Roberts describes how the United States dealt with the economic and political crisis that followed the Panic of 1837. As Roberts shows, the two decades that preceded the Panic had marked a democratic surge in the United States. However, the nation’s commitment to democracy was tested severely during this crisis. Foreign lenders questioned whether American politicians could make the unpopular decisions needed on spending and taxing. State and local officials struggled to put down riots and rebellion. A few wondered whether this was the end of America’s democratic experiment. Roberts explains how the country’s woes were complicated by its dependence on foreign trade and investment, particularly with Britain. Aware of the contemporary relevance of this story, Roberts examines how the country responded to the political and cultural aftershocks of 1837, transforming its political institutions to strike a new balance between liberty and social order, and uneasily coming to terms with its place in the global economy.

Lessons from the Great Depression

Author : Peter Temin
Publisher : MIT Press
ISBN 13 : 9780262261197
Total Pages : 220 pages
Book Rating : 4.2/5 (611 download)

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Book Synopsis Lessons from the Great Depression by : Peter Temin

Download or read book Lessons from the Great Depression written by Peter Temin and published by MIT Press. This book was released on 1991-10-08 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lessons from the Great Depression provides an integrated view of the depression, covering the experience in Britain, France, Germany, and the United States. Do events of the 1930s carry a message for the 1990s? Lessons from the Great Depression provides an integrated view of the depression, covering the experience in Britain, France, Germany, and the United States. It describes the causes of the depression, why it was so widespread and prolonged, and what brought about eventual recovery. Peter Temin also finds parallels in recent history, in the relentless deflationary course followed by the U.S. Federal Reserve Board and the British government in the early 1980s, and in the dogged adherence by the Reagan administration to policies generated by a discredited economic theory—supply-side economics.

Essays on the Great Depression

Author : Ben S. Bernanke
Publisher : Princeton University Press
ISBN 13 : 0691259666
Total Pages : 352 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Essays on the Great Depression by : Ben S. Bernanke

Download or read book Essays on the Great Depression written by Ben S. Bernanke and published by Princeton University Press. This book was released on 2024-01-09 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Nobel Prize–winning economist and former chair of the U.S. Federal Reserve, a landmark book that provides vital lessons for understanding financial crises and their sometimes-catastrophic economic effects As chair of the U.S. Federal Reserve during the Global Financial Crisis, Ben Bernanke helped avert a greater financial disaster than the Great Depression. And he did so by drawing directly on what he had learned from years of studying the causes of the economic catastrophe of the 1930s—work for which he was later awarded the Nobel Prize. Essays on the Great Depression brings together Bernanke’s influential work on the origins and economic lessons of the Depression, and this new edition also includes his Nobel Prize lecture.

Clara's Kitchen

Author : Clara Cannucciari
Publisher : St. Martin's Press
ISBN 13 : 1429963719
Total Pages : 208 pages
Book Rating : 4.4/5 (299 download)

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Book Synopsis Clara's Kitchen by : Clara Cannucciari

Download or read book Clara's Kitchen written by Clara Cannucciari and published by St. Martin's Press. This book was released on 2009-10-27 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: YouTube® sensation Clara Cannucciari shares her treasured recipes and commonsense wisdom in a heartwarming remembrance of the Great Depression Clara Cannucciari is a 94 year-old internet sensation. Her YouTube® Great Depression Cooking videos have an army of devoted followers. In Clara's Kitchen, she gives readers words of wisdom to buck up America's spirits, recipes to keep the wolf from the door, and tells her story of growing up during the Great Depression with a tight-knit family and a "pull yourself up by your bootstraps" philosophy of living. In between recipes for pasta with peas, eggplant parmesan, chocolate covered biscotti, and other treats Clara gives readers practical advice on cooking nourishing meals for less. Using lessons she learned during the Great Depression, she writes, for instance, about how to conserve electricity when cooking and how you can stretch a pot of pasta with a handful of lentils. She reminisces about her youth and writes with love about her grandchildren and great-grandchildren. Clara's Kitchen takes readers back to a simpler, if not more difficult time, and gives everyone what they need right now: hope for the future and a nice dish of warm pasta from everyone's favorite grandmother, Clara Cannuciari, a woman who knows what's really important in life.

The New Great Depression

Author : James Rickards
Publisher : Penguin
ISBN 13 : 0593330277
Total Pages : 210 pages
Book Rating : 4.5/5 (933 download)

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Book Synopsis The New Great Depression by : James Rickards

Download or read book The New Great Depression written by James Rickards and published by Penguin. This book was released on 2021-01-12 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Wall Street Journal and National Bestseller! The man who predicted the worst economic crisis in US history shows you how to survive it. The current crisis is not like 2008 or even 1929. The New Depression that has emerged from the COVID pandemic is the worst economic crisis in U.S. history. Most fired employees will remain redundant. Bankruptcies will be common, and banks will buckle under the weight of bad debts. Deflation, debt, and demography will wreck any chance of recovery, and social disorder will follow closely on the heels of market chaos. The happy talk from Wall Street and the White House is an illusion. The worst is yet to come. But for knowledgeable investors, all hope is not lost. In The New Great Depression, James Rickards, New York Times bestselling author of Aftermath and The New Case for Gold, pulls back the curtain to reveal the true risks to our financial system and what savvy investors can do to survive -- even prosper -- during a time of unrivaled turbulence. Drawing on historical case studies, monetary theory, and behind-the-scenes access to the halls of power, Rickards shines a clarifying light on the events taking place, so investors understand what's really happening and what they can do about it. A must-read for any fans of Rickards and for investors everywhere who want to understand how to preserve their wealth during the worst economic crisis in US history.

What Was the Great Depression?

Author : Janet B. Pascal
Publisher : Penguin Workshop
ISBN 13 : 0448484277
Total Pages : 114 pages
Book Rating : 4.4/5 (484 download)

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Book Synopsis What Was the Great Depression? by : Janet B. Pascal

Download or read book What Was the Great Depression? written by Janet B. Pascal and published by Penguin Workshop. This book was released on 2015-12-22 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: On October 29, 1929, life in the United States took a turn for the worst. The stock market – the system that controls money in America – plunged to a record low. But this event was only the beginning of many bad years to come. By the early 1930s, one out of three people was not working. People lost their jobs, their houses, or both and ended up in shantytowns called “Hoovervilles” named for the president at the time of the crash. By 1933, many banks had gone under. Though the U.S. has seen other times of struggle, the Great Depression remains one of the hardest and most widespread tragedies in American history. Now it is represented clearly and with 80 illustrations in our What Was…? series.

Doing Time in the Depression

Author : Ethan Blue
Publisher : NYU Press
ISBN 13 : 0814709400
Total Pages : 336 pages
Book Rating : 4.8/5 (147 download)

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Book Synopsis Doing Time in the Depression by : Ethan Blue

Download or read book Doing Time in the Depression written by Ethan Blue and published by NYU Press. This book was released on 2012-02 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: As banks crashed, belts tightened, and cupboards emptied across the country, American prisons grew fat. Doing Time in the Depression tells the story of the 1930s as seen from the cell blocks and cotton fields of Texas and California prisons, state institutions that held growing numbers of working people from around the country and the world—overwhelmingly poor, disproportionately non-white, and displaced by economic crisis. Ethan Blue paints a vivid portrait of everyday life inside Texas and California’s penal systems. Each element of prison life—from numbing boredom to hard labor, from meager pleasure in popular culture to crushing pain from illness or violence—demonstrated a contest between keepers and the kept. From the moment they arrived to the day they would leave, inmates struggled over the meanings of race and manhood, power and poverty, and of the state itself. In this richly layered account, Blue compellingly argues that punishment in California and Texas played a critical role in producing a distinctive set of class, race, and gender identities in the 1930s, some of which reinforced the social hierarchies and ideologies of New Deal America, and others of which undercut and troubled the established social order. He reveals the underside of the modern state in two very different prison systems, and the making of grim institutions whose power would only grow across the century.

Being Present in the Darkness

Author : Cheri Huber
Publisher : Demos Medical Publishing
ISBN 13 : 9780961475437
Total Pages : 134 pages
Book Rating : 4.4/5 (754 download)

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Book Synopsis Being Present in the Darkness by : Cheri Huber

Download or read book Being Present in the Darkness written by Cheri Huber and published by Demos Medical Publishing. This book was released on 1991-12 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hating and resisting depression and anything else we don't want - and maintaining it.

Reflections on the Great Depression

Author : Randall E. Parker
Publisher : Edward Elgar Publishing
ISBN 13 : 1843765500
Total Pages : 243 pages
Book Rating : 4.8/5 (437 download)

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Book Synopsis Reflections on the Great Depression by : Randall E. Parker

Download or read book Reflections on the Great Depression written by Randall E. Parker and published by Edward Elgar Publishing. This book was released on 2003-01-01 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an enjoyable and immensely readable book which combines in interview format, reflections by prominent economists on contemporary and subsequent explanations of the Great Depression with what Bernanke in his foreword refers to as highbrow gossip concerning the lives and experiences of those selected economists who lived through the era. W.R. Garside, Australian Economic History Review The tone of the book is broad, and it moves fluidly between discussion of grand intellectual debates about what mattered, personal thoughts of the interviewer and his subjects, formative experiences, events and gossip. Christopher M. Meissner, The International History Review This volume is built around transcripts of interviews conducted in 1997 and 1998 with 11 noteworthy economists who had been graduate students in the 1930s. They were invited to reflect on how the Great Depression affected them, both personally and professionally. As Ben S. Bernanke remarks in the foreword, this is first-rate highbrow gossip . The result is both instructive and entertaining. William J. Barber, Journal of Economic History The interviews with famous senior economists contained in this enjoyable book achieve two important, and quite distinct, goals. First, they provide invaluable insights into the history of theorizing about the Depression. In these conversations we see the struggles of the brightest young economists of their generation to reconcile old paradigms of the efficiency and optimality of free markets with the hard facts of mass unemployment and economic collapse they saw around them in the 1930s. In their attempts to find new answers we see the roots of current ideas and debates in economics. These interviews do an excellent job of recapturing the sense of uncertainty, the feeling of grappling with an intractable puzzle, that almost every one of these economists experienced. The second achievement of these interviews is to provide, well, first-rate highbrow gossip. The interviewees are outstanding economists but they are also an exceptional group of people. They hail from around the world, from a variety of cultural and socioeconomic backgrounds. Each, in one way or the other, found his or her way to professional prominence, often in the face of substantial adversity. From the foreword by Ben S. Bernanke, Princeton University, US It is an accepted truism that the Great Depression did more for the development of modern economics than any other single event. Some of the greatest economists of the twentieth century were inspired to go into the field as a direct result of their experiences during this period. This book explores the most prominent economic explanations of the Great Depression and how it affected the lives, experiences, and subsequent thinking of economists who lived through that era. Presented in interview format, this collection of conversations with Moses Abramovitz, Morris Adelman, Milton Friedman, Albert Hart, Charles Kindleberger, Wassily Leontief, Paul Samuelson, Anna Schwartz, James Tobin, Herbert Stein and Victor Zarnowitz provides a record of their reflections on the economics of the Great Depression and on the major events which occurred during those critical years. This volume is also another chapter in the legacy of the interwar generation of economists and is intended as a token of gratitude for the contributions they have made to the economics profession. Randall Parker has given us a window into the lives of these gifted scholars and an important glimpse into the world that shaped them. Any student or scholar of economics will find this homage to and record of the brightest voices to come out of this critical time to be indispensable.

My Depression

Author : Elizabeth Swados
Publisher : Seven Stories Press
ISBN 13 : 160980550X
Total Pages : 174 pages
Book Rating : 4.6/5 (98 download)

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Book Synopsis My Depression by : Elizabeth Swados

Download or read book My Depression written by Elizabeth Swados and published by Seven Stories Press. This book was released on 2014-04-15 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: This intimate journey through long-term depression is by turns tender, funny, poignant, and uplifting. Swados' charming words and frenzied drawings bring home the experience of severe depression, from the black cloud forming on the horizon to feelings of self-loathing and loss of self-confidence; from contemplating suicide, which Swados describes as wandering off into the Sahara desert (discounting the buzzards and the scorpions), to actively seeking out methods for fighting depression—including psychics, diet, and repression therapy—to experimenting with antidepressants that make you snippy, sleepy, or judgmental. My Depression is an engaging and heartening memoir of an illness that has been stigmatized for too long and on how it is possible to survive, one little challenge at a time, with medication and the occasional tasty, messy slice of pizza; with dancing to a boombox on the street and thanking the mailman for the newest catalogue, then proceeding to read it cover to cover!

Roosevelt, the Great Depression, and the Economics of Recovery

Author : Elliot A. Rosen
Publisher : University of Virginia Press
ISBN 13 : 0813934273
Total Pages : 324 pages
Book Rating : 4.8/5 (139 download)

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Book Synopsis Roosevelt, the Great Depression, and the Economics of Recovery by : Elliot A. Rosen

Download or read book Roosevelt, the Great Depression, and the Economics of Recovery written by Elliot A. Rosen and published by University of Virginia Press. This book was released on 2012-10-05 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Historians have often speculated on the alternative paths the United Stages might have taken during the Great Depression: What if Franklin D. Roosevelt had been killed by one of Giuseppe Zangara’s bullets in Miami on February 17, 1933? Would there have been a New Deal under an administration led by Herbert Hoover had he been reelected in 1932? To what degree were Roosevelt’s own ideas and inclinations, as opposed to those of his contemporaries, essential to the formulation of New Deal policies? In Roosevelt, the Great Depression, and the Economics of Recovery, the eminent historian Elliot A. Rosen examines these and other questions, exploring the causes of the Great Depression and America’s recovery from it in relation to the policies and policy alternatives that were in play during the New Deal era. Evaluating policies in economic terms, and disentangling economic claims from political ideology, Rosen argues that while planning efforts and full-employment policies were essential for coping with the emergency of the depression, from an economic standpoint it is in fact fortunate that they did not become permanent elements of our political economy. By insisting that the economic bases of proposals be accurately represented in debating their merits, Rosen reveals that the productivity gains, which accelerated in the years following the 1929 stock market crash, were more responsible for long-term economic recovery than were governmental policies. Based on broad and extensive archival research, Roosevelt, the Great Depression, and the Economics of Recovery is at once an erudite and authoritative history of New Deal economic policy and timely background reading for current debates on domestic and global economic policy.

FDR's Folly

Author : Jim Powell
Publisher : Crown
ISBN 13 : 030742071X
Total Pages : 354 pages
Book Rating : 4.3/5 (74 download)

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Book Synopsis FDR's Folly by : Jim Powell

Download or read book FDR's Folly written by Jim Powell and published by Crown. This book was released on 2007-12-18 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Great Depression and the New Deal. For generations, the collective American consciousness has believed that the former ruined the country and the latter saved it. Endless praise has been heaped upon President Franklin Delano Roosevelt for masterfully reining in the Depression’s destructive effects and propping up the country on his New Deal platform. In fact, FDR has achieved mythical status in American history and is considered to be, along with Washington, Jefferson, and Lincoln, one of the greatest presidents of all time. But would the Great Depression have been so catastrophic had the New Deal never been implemented? In FDR’s Folly, historian Jim Powell argues that it was in fact the New Deal itself, with its shortsighted programs, that deepened the Great Depression, swelled the federal government, and prevented the country from turning around quickly. You’ll discover in alarming detail how FDR’s federal programs hurt America more than helped it, with effects we still feel today, including: • How Social Security actually increased unemployment • How higher taxes undermined good businesses • How new labor laws threw people out of work • And much more This groundbreaking book pulls back the shroud of awe and the cloak of time enveloping FDR to prove convincingly how flawed his economic policies actually were, despite his good intentions and the astounding intellect of his circle of advisers. In today’s turbulent domestic and global environment, eerily similar to that of the 1930s, it’s more important than ever before to uncover and understand the truth of our history, lest we be doomed to repeat it.