The Forgotten Depression

Author : James Grant
Publisher : Simon and Schuster
ISBN 13 : 1451686463
Total Pages : 272 pages
Book Rating : 4.63/5 ( download)

DOWNLOAD NOW!

Download or read book The Forgotten Depression written by James Grant and published by Simon and Schuster. This book was released on 2014 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: "By the publisher of the prestigious Grant's Interest Rate Observer, an account of the deep economic slump of 1920-21 that proposes, with respect to federal intervention, "less is more." This is a free-market rejoinder to the Keynesian stimulus applied by Bush and Obama to the 2007-09 recession, in whose aftereffects, Grant asserts, the nation still toils. James Grant tells the story of America's last governmentally-untreated depression; relatively brief and self-correcting, it gave way to the Roaring Twenties. His book appears in the fifth year of a lackluster recovery from the overmedicated downturn of 2007-2009. In 1920-21, Woodrow Wilson and Warren G. Harding met a deep economic slump by seeming to ignore it, implementing policies that most twenty-first century economists would call backward. Confronted with plunging prices, wages, and employment, the government balanced the budget and, through the Federal Reserve, raised interest rates. No "stimulus" was administered, and a powerful, job-filled recovery was under way by late in 1921. In 1929, the economy once again slumped--and kept right on slumping as the Hoover administration adopted the very policies that Wilson and Harding had declined to put in place. Grant argues that well-intended federal intervention, notably the White House-led campaign to prop up industrial wages, helped to turn a bad recession into America's worst depression. He offers the experience of the earlier depression for lessons for today and the future. This is a powerful response to the prevailing notion of how to fight recession. The enterprise system is more resilient than even its friends give it credit for being, Grant demonstrates"--

Author : Amity Shlaes
Publisher : Harper Collins
ISBN 13 : 0066211700
Total Pages : 484 pages
Book Rating : 4.01/5 ( download)

DOWNLOAD NOW!

Download or read book The Forgotten Man written by Amity Shlaes and published by Harper Collins. This book was released on 2007-06-12 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: It's difficult today to imagine how America survived the Great Depression. Only through the stories of the common people who struggled during that era can we really understand how the nation endured. These are the people at the heart of Amity Shlaes's insightful and inspiring history of one of the most crucial events of the twentieth century. In The Forgotten Man, Amity Shlaes, one of the nation's most respected economic commentators, offers a striking reinterpretation of the Great Depression. Rejecting the old emphasis on the New Deal, she turns to the neglected and moving stories of individual Americans, and shows how through brave leadership they helped establish the steadfast character we developed as a nation. Some of those figures were well known, at least in their day—Andrew Mellon, the Greenspan of the era; Sam Insull of Chicago, hounded as a scapegoat. But there were also unknowns: the Schechters, a family of butchers in Brooklyn who dealt a stunning blow to the New Deal; Bill W., who founded Alcoholics Anonymous in the name of showing that small communities could help themselves; and Father Divine, a black charismatic who steered his thousands of followers through the Depression by preaching a Gospel of Plenty. Shlaes also traces the mounting agony of the New Dealers themselves as they discovered their errors. She shows how both Presidents Hoover and Roosevelt failed to understand the prosperity of the 1920s and heaped massive burdens on the country that more than offset the benefit of New Deal programs. The real question about the Depression, she argues, is not whether Roosevelt ended it with World War II. It is why the Depression lasted so long. From 1929 to 1940, federal intervention helped to make the Depression great—in part by forgetting the men and women who sought to help one another. Authoritative, original, and utterly engrossing, The Forgotten Man offers an entirely new look at one of the most important periods in our history. Only when we know this history can we understand the strength of American character today.

Author : Robert S. McElvaine
Publisher : Univ of North Carolina Press
ISBN 13 : 0807898813
Total Pages : 276 pages
Book Rating : 4.19/5 ( download)

DOWNLOAD NOW!

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.

Author : Paul Krugman
Publisher : W. W. Norton & Company
ISBN 13 : 0393088871
Total Pages : 290 pages
Book Rating : 4.78/5 ( download)

DOWNLOAD NOW!

Download or read book End This Depression Now! written by Paul Krugman and published by W. W. Norton & Company. This book was released on 2012-04-30 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New York Times best-selling call to arms from Nobel Prize–winning economist Paul Krugman. The Great Recession is more than four years old—and counting. Yet, as Paul Krugman points out in this powerful volley, "Nations rich in resources, talent, and knowledge—all the ingredients for prosperity and a decent standard of living for all—remain in a state of intense pain." How bad have things gotten? How did we get stuck in what now can only be called a depression? And above all, how do we free ourselves? Krugman pursues these questions with his characteristic lucidity and insight. He has a powerful message for anyone who has suffered over these past four years—a quick, strong recovery is just one step away, if our leaders can find the "intellectual clarity and political will" to end this depression now.

Author : Robert S. McElvaine
Publisher : Crown
ISBN 13 : 0307774449
Total Pages : 432 pages
Book Rating : 4.46/5 ( download)

DOWNLOAD NOW!

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.

Author : Alasdair Roberts
Publisher : Cornell University Press
ISBN 13 : 0801464676
Total Pages : 265 pages
Book Rating : 4.76/5 ( download)

DOWNLOAD NOW!

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.

Author : Ben S. Bernanke
Publisher : Princeton University Press
ISBN 13 : 0691259666
Total Pages : 352 pages
Book Rating : 4.66/5 ( download)

DOWNLOAD NOW!

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.

Author : Ted Gup
Publisher : Penguin
ISBN 13 : 1101444630
Total Pages : 384 pages
Book Rating : 4.34/5 ( download)

DOWNLOAD NOW!

Download or read book A Secret Gift written by Ted Gup and published by Penguin. This book was released on 2010-10-28 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: An inspiring account of America at its worst-and Americans at their best-woven from the stories of Depression-era families who were helped by gifts from the author's generous and secretive grandfather. Shortly before Christmas 1933 in Depression-scarred Canton, Ohio, a small newspaper ad offered $10, no strings attached, to 75 families in distress. Interested readers were asked to submit letters describing their hardships to a benefactor calling himself Mr. B. Virdot. The author's grandfather Sam Stone was inspired to place this ad and assist his fellow Cantonians as they prepared for the cruelest Christmas most of them would ever witness. Moved by the tales of suffering and expressions of hope contained in the letters, which he discovered in a suitcase 75 years later, Ted Gup initially set out to unveil the lives behind them, searching for records and relatives all over the country who could help him flesh out the family sagas hinted at in those letters. From these sources, Gup has re-created the impact that Mr B. Virdot's gift had on each family. Many people yearned for bread, coal, or other necessities, but many others received money from B. Virdot for more fanciful items-a toy horse, say, or a set of encyclopedias. As Gup's investigations revealed, all these things had the power to turn people's lives around- even to save them. But as he uncovered the suffering and triumphs of dozens of strangers, Gup also learned that Sam Stone was far more complex than the lovable- retiree persona he'd always shown his grandson. Gup unearths deeply buried details about Sam's life-from his impoverished, abusive upbringing to felonious efforts to hide his immigrant origins from U.S. officials-that help explain why he felt such a strong affinity to strangers in need. Drawing on his unique find and his award-winning reportorial gifts, Ted Gup solves a singular family mystery even while he pulls away the veil of eight decades that separate us from the hardships that united America during the Depression. In A Secret Gift, he weaves these revelations seamlessly into a tapestry of Depression-era America, which will fascinate and inspire in equal measure. Watch a Video

Author : Robert Murphy
Publisher : Regnery Publishing
ISBN 13 : 1596980966
Total Pages : 210 pages
Book Rating : 4.69/5 ( download)

DOWNLOAD NOW!

Download or read book The Politically Incorrect Guide to the Great Depression and the New Deal written by Robert Murphy and published by Regnery Publishing. This book was released on 2009-03-31 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides irrefutable evidence that not only did government interference with the market cause the Great Depression (and our current economic collapse), but Herbert Hoover's and Franklin Delano Roosevelt's big government policies afterwards made it much longer and much worse.--From publisher description.

Author : Charles P. Kindleberger
Publisher : Univ of California Press
ISBN 13 : 9780520055926
Total Pages : 386 pages
Book Rating : 4.26/5 ( download)

DOWNLOAD NOW!

Download or read book The World in Depression, 1929-1939 written by Charles P. Kindleberger and published by Univ of California Press. This book was released on 1986-04-17 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: “The World in Depression is the best book on the subject, and the subject, in turn, is the economically decisive decade of the century so far.”—John Kenneth Galbraith