Roosevelt The Great Depression And The Economics Of Recovery
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Author | : Elliot A. Rosen |
Publisher | : University of Virginia Press |
Total Pages | : 324 |
Release | : 2005 |
Genre | : Biography & Autobiography |
ISBN | : 9780813926964 |
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."--Jacket.
Author | : Jim Powell |
Publisher | : Crown |
Total Pages | : 354 |
Release | : 2007-12-18 |
Genre | : History |
ISBN | : 030742071X |
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.
Author | : Burton W. Folsom |
Publisher | : Simon and Schuster |
Total Pages | : 338 |
Release | : 2009-11-17 |
Genre | : Biography & Autobiography |
ISBN | : 1416592377 |
ultimately elevating public opinion of his administration but falling flat in achieving the economic revitalization that America so desperately needed from the Great Depression. Folsom takes a critical, revisionist look at Roosevelt's presidency, his economic policies, and his personal life. Elected in 1932 on a buoyant tide of promises to balance the increasingly uncontrollable national budget and reduce the catastrophic unemployment rate, the charismatic thirty-second president not only neglected to pursue those goals, he made dramatic changes to federal programming that directly contradicted his campaign promises. Price fixing, court packing, regressive taxes, and patronism were all hidden inside the alphabet soup of his popular New Deal, putting a financial strain on the already suffering lower classes and discouraging the upper classes from taking business risks that potentially could have jostled national cash flow from dormancy.
Author | : Eric Rauchway |
Publisher | : OUP USA |
Total Pages | : 161 |
Release | : 2008-03-10 |
Genre | : Business & Economics |
ISBN | : 0195326342 |
The Great Depression forced the United States to adopt policies at odds with its political traditions. This title looks at the background to the Depression, its social impact, and at the various governmental attempts to deal with the crisis.
Author | : Eric Rauchway |
Publisher | : Basic Books |
Total Pages | : 337 |
Release | : 2015-10-27 |
Genre | : Business & Economics |
ISBN | : 0465061567 |
Shortly after arriving in the White House in early 1933, Franklin Roosevelt took the United States off the gold standard. His opponents thought his decision unwise at best, and ruinous at worst. But they could not have been more wrong. With The Money Makers, Eric Rauchway tells the absorbing story of how FDR and his advisors pulled the levers of monetary policy to save the domestic economy and propel the United States to unprecedented prosperity and superpower status. Drawing on the ideas of the brilliant British economist John Maynard Keynes, among others, Roosevelt created the conditions for recovery from the Great Depression, deploying economic policy to fight the biggest threat then facing the nation: deflation. Throughout the 1930s, he also had one eye on the increasingly dire situation in Europe. In order to defeat Hitler, Roosevelt turned again to monetary policy, sending dollars abroad to prop up the faltering economies of Britain and, beginning in 1941, the Soviet Union. FDR's fight against economic depression and his fight against fascism were indistinguishable. As Rauchway writes, "Roosevelt wanted to ensure more than business recovery; he wanted to restore American economic and moral strength so the US could defend civilization itself." The economic and military alliance he created proved unbeatable-and also provided the foundation for decades of postwar prosperity. Indeed, Rauchway argues that Roosevelt's greatest legacy was his monetary policy. Even today, the "Roosevelt dollar" remains both the symbol and the catalyst of America's vast economic power. The Money Makers restores the Roosevelt dollar to its central place in our understanding of FDR, the New Deal, and the economic history of twentieth-century America. We forget this history at our own peril. In revealing the roots of our postwar prosperity, Rauchway shows how we can recapture the abundance of that period in our own.
Author | : Elliot A. Rosen |
Publisher | : |
Total Pages | : 0 |
Release | : 2014 |
Genre | : Conservatism |
ISBN | : 9780813935546 |
Elliot Rosen's Hoover, Roosevelt, and the Brains Trust focused on the transition from the Hoover administration to that of Roosevelt and the formulation of the early New Deal program. Roosevelt, the Great Depression, and the Economics of Recovery emphasized long-term and structural recovery programs as well as the 1937-38 recession. Rosen's final book in the trilogy, The Republican Party in the Age of Roosevelt, situates distrust of the federal government and the consequent transformation of the party. Domestic and foreign policies introduced by the Roosevelt administration created division between the parties. The Hoover doctrine, which sought to restrict the reach of independent agencies at the federal level in order to restore business confidence and investment, intended to reverse the New Deal and to curb the growth of federal functions. In his new book, Elliot Rosen holds that economic thought regarding appropriate functions of the federal government has not changed since the Great Depression. The political debate is still being waged between advocates for direct intervention at the federal level and those for the Hoover ethic with its stress on individual responsibility. The question remains whether preservation of an unfettered marketplace and our liberties remain inseparable or whether enlarged governmental functions are required in an increasingly complex national and global environment. By offering a well-researched account of the antistatist and nationalist origins not only of the debate over legitimate federal functions but also of the modern Republican Party, this book affords insight into such contemporary political movements as the Tea Party.
Author | : Elliot A. Rosen |
Publisher | : University of Virginia Press |
Total Pages | : 324 |
Release | : 2012-10-05 |
Genre | : History |
ISBN | : 0813934273 |
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.
Author | : Eric Rauchway |
Publisher | : Yale University Press |
Total Pages | : 231 |
Release | : 2021-04-06 |
Genre | : History |
ISBN | : 0300252005 |
A look at how the New Deal fundamentally changed American life, and why it remains relevant today" The New Deal was America's response to the gravest economic and social crisis of the twentieth century. It now serves as a source of inspiration for how we should respond to the gravest crisis of the twenty-first. There's no more fluent and informative a guide to that history than Eric Rauchway, and no one better to describe the capacity of government to transform America for the better."--Barry Eichengreen, University of California, Berkeley The greatest peaceable expression of common purpose in U.S. history, the New Deal altered Americans' relationship with politics, economics, and one another in ways that continue to resonate today. No matter where you look in America, there is likely a building or bridge built through New Deal initiatives. If you have taken out a small business loan from the federal government or drawn unemployment, you can thank the New Deal. While certainly flawed in many aspects--the New Deal was implemented by a Democratic Party still beholden to the segregationist South for its majorities in Congress and the Electoral College--the New Deal was instated at a time of mass unemployment and the rise of fascistic government models and functioned as a bulwark of American democracy in hard times. This book looks at how this legacy, both for good and ill, informs the current debates around governmental responses to crises.
Author | : Michael A. Bernstein |
Publisher | : Cambridge University Press |
Total Pages | : 292 |
Release | : 1987 |
Genre | : Business & Economics |
ISBN | : 9780521379854 |
This 1988 book focusses on why the American economy failed to recover from the downturn of 1929-33.
Author | : Robert S. McElvaine |
Publisher | : Crown |
Total Pages | : 432 |
Release | : 2010-10-27 |
Genre | : History |
ISBN | : 0307774449 |
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.