Camille's Reviews > The Forgotten Man: A New History of the Great Depression
The Forgotten Man: A New History of the Great Depression
by Amity Shlaes
by Amity Shlaes
This was a wonderful history of the Great Depression from a policy-making/political standpoint. It really illustrates that if the politicians would have stuck to free market principles the Great Depression would not have been so great. But instead, they jumped on the Soviet bandwagon and tried to implement Socialist programs. FDR relied on advisers that visited the USSR and saw the sanitized version of Communism that Stalin wanted them to see; they even visited with Stalin!
It destroys the myth that Hoover made the Great Depression worse by using capitalism. He made the Great Depression worse by implementing anti-business policies at a time when we needed business to grow more than ever. This book also crushes the myth that FDR was the savior of the country because of New Deal programs. In fact, the book begins by showing that there was a depression within the depression caused by FDR's New Deal ideas discouraging businesses/individuals to save money and by over-regulating some industries and trying to make other industries government owned.
It is written like a history book, but for the most part it was easy to read. I read it at the computer with wikipedia open though because she makes references to people and events that I guess are common knowledge (?), but doesn't explain who or what they are.
Overall, a book I learned a lot from and a book that confirmed my suspicions about the validity of what I learned about the Great Depression in history classes.
It destroys the myth that Hoover made the Great Depression worse by using capitalism. He made the Great Depression worse by implementing anti-business policies at a time when we needed business to grow more than ever. This book also crushes the myth that FDR was the savior of the country because of New Deal programs. In fact, the book begins by showing that there was a depression within the depression caused by FDR's New Deal ideas discouraging businesses/individuals to save money and by over-regulating some industries and trying to make other industries government owned.
It is written like a history book, but for the most part it was easy to read. I read it at the computer with wikipedia open though because she makes references to people and events that I guess are common knowledge (?), but doesn't explain who or what they are.
Overall, a book I learned a lot from and a book that confirmed my suspicions about the validity of what I learned about the Great Depression in history classes.
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Brendan
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Mar 15, 2013 08:50pm
Thanks Obama!
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