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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 moving stories of individual Americans, and shows how they helped establish the steadfast character we developed as a nation.
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. The Forgotten Man, offers a new look at one of the most important periods in our history, allowing us to understand the strength of American character today.
The Great Depression was one of the most difficult periods in American History. Conventional interpretation holds that Roosevelt’s New Deal array of government programs, along with the onset of World War II, helped to save the country. However, Amity Shlaes challenges this interpretation in The Forgotten Man.
Shlaes argues that as heroic as FDR was, his economic planning often made things worse, and probably made the Depression last even longer. The end of the Depression was brought about more by the economy’s natural tendency to correct itself, along with the character and driving spirit of the American people. Featuring expert economic analysis and firsthand accounts of life during the Depression, The Forgotten Man is a much needed reevaluation of a decade that engendered social, economic and political changes that still affect us today. Amity Shlaes is a visiting senior fellow at the Council on Foreign Relations and a syndicated columnist at Bloomberg. She has written for the Financial Times and the Wall Street Journal, where she was an editorial board member, as well as for The New Yorker, Fortune, National Review, The New Republic, and Foreign Affairs. Shlaes is the author of The Greedy Hand. She lives in New York. “Were John Kenneth Galbraith and Milton Friedman to spend a century or two reconciling their positions so as to arrive at a clear view of the Great Depression, this would be it.” — Mark HelprinYou may also like
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