Tom Schulte's Reviews > FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression

FDR's Folly by Jim Powell
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's review
Nov 28, 2011

really liked it
bookshelves: history

This is a fascinating and detail account taking apart FDR's New Deal and exposing it weaknesses. Some things I learned here new to me were that unit banking laws in American versus the branch banking laws in Canada (more like current laws) may have been one reason why the Depression was longer and worse in the U.S. than right across the border in Canada. Also, the Depression was much longer than I knew: 17% average unemployment for most of a decaded with no year below 14% during that time. The book makes a compelling case that the U.S. emerged from the Great Depression in spite of FDR's policies, not because of them.

Good narration.

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12/13/2016 marked as: read

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