The Forgotten Man: A New History of the Great Depression
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. In The Forgotten Man, Amity Shlaes offers a striking reinterpretation of the Great Depression. Rejecting the old emphasis on the New Deal, she turns to the neglected and movin...more
It destroys the myth...more
My parents and grandparents having lived through that era...more
Having recently read up to 1940 in David Kennedy's "Freedom from Fear," I had begun to understand why the business community greatly disliked the Roosevelt Administration. I had always been curious ab...more
Shlaes's main thrust is that Franklin Roosevelt's policies served to worsen the Depression. She explains that the flurry of New Deal policies, fired by FDR's hostility to business, created a chaotic environment in which business was...more
Shalaes portrays both Herbert Hoover and Roosevelt (and most other politicians of the time) as not understanding economics and taking actions are...more
The Forgotten Man is a look at the events of the Great Depression in the United States during the 1930s from the perspective of policy. I found it to be a fascinating look into the lives and viewpoints of people who were involved in the landmark political events during this decade.
The book begins in 1927. Floods in the midwest caused widespread damage through...more
“The Forgotten Man”, the title of this book, is none other than the common working class hero whose income is sipho...more
the book is mostly about the political infighting that occurred in Washington DC.
A thousand names of long forgotten bureaucrats.
The title refers to the American people,
but ironically the book is about the "forgotten" bureaucrats.
I did learn that in 1923 the supreme court ruled that minimum wage laws were unconstitutional.
They interfered with the relationship of a worker and his employer.
A latter group of politicians sitting on the high court changed that.
While this version of history is "feel good," it couldn't be further from the truth. In reality, Hoover was an intervent...more
After the stock market crash of 1929 and ensuing economic collapse conservative President Herbert Hoover refused to do any fiscal policy to help remedy the situation and the gold standard kept the economy from growing. The Smoot-Hawley tariff passed, making things much worse. FDR's New Deal was successful in putting people to work while expanding government and even though the retrograde conservat...more
Shlaes gives interesting details about the personalities of the men and women who influenced FDR. She describes the policies put in place that expanded government and alienated business covering 1927 through 1940 without too many...more
Like a lot of issues, the Great Depression was a lot more complex than we are led to believe. And the recovery, too, was a slow and painstaking process, and was not just a matter of “spending our way back to prosperity.”...more
A good political/economics book with many interesting details about the Depression, from 1929 to 1939. Political figures are discussed and facts on their actions are reported. Very similar to our current economic situation. . . and history repeats itself.
Shlaes writes a column for Forbes, and served as a nationally syndicated columnist for over a decade, first at the Financial Times, then at Bloomberg. Earlier, she worked at the Wall Street Journal, where she was a member of the editorial board. She is the author of "Coolidge," "The Forgotten Ma...more