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The Forgotten Man: A New History of the Great Depression Paperback – Illustrated, May 27, 2008
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Amity Shlaes
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Print length512 pages
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LanguageEnglish
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Publication dateMay 27, 2008
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Dimensions5.31 x 1.15 x 8 inches
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ISBN-109780060936426
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ISBN-13978-0060936426
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Editorial Reviews
Review
“I could not put this book down. Ms. Shlaes timely chronicle of a fascinating era reads like a novel and brings a new perspective on political villains and heros―few of whom turn out to be as good or bad as history would have us believe.” -- Arthur Levitt
“The Forgotten Man is an epic and wholly original retelling of a dramatic and crucial era. There are many sides to the 1930’s story, and this is the one that has largely been lost to history. Thanks to Amity Shlaes, now it’s been re-found.” -- Peggy Noonan
“Amity Shlaes is among the most brilliant of the young writers who are transforming American financial journalism.” -- Paul Johnson, author of Modern Times
“The Forgotten Man by Amity Shlaes will forever change how America understands the causes of the Depression and FDR’s policies that prolonged it for a decade.” -- Grover G. Norquist, The American Spectator
“Entertaining, illuminating, and exceedingly fair. . . . A rich, wonderfully original, and extremely textured history of an important time. -- The American Spectator
“Americans need what Shlaes has brilliantly supplied, a fresh appraisal of what the New Deal did and did not accomplish.” -- George F. Will
“The finest history of the Great Depression ever written. . . . Shlaes’s achievement stands out for the devastating effect of its understated prose and for its wide sweep of characters and themes. It deserves to become the preeminent revisionist history for general readers. . . . Her narrative sparkles.” -- National Review
“The Forgotten Man offers an understanding of the era’s politics and economics that may be unprecedented in its clarity.” -- Mark Helprin
“Amity Shlaes tells the story of the Depression in splendid detail, rich with events and personalities. . . . Many of Shlaes’s descriptions make genuinely delightful reading.” -- The New York Review of Books
About the Author
Amity Shlaes is the author of four New York Times bestsellers: The Forgotten Man: A New History of the Great Depression, The Forgotten Man/Graphic, Coolidge, and The Greedy Hand: How Taxes Drive Americans Crazy.
Miss Shlaes chairs the board of the Calvin Coolidge Presidential Foundation and the Manhattan Institute's Hayek Book Prize, and serves as a scholar at the King's College. A former member of the Wall Street Journal's editorial board, Miss Shlaes published a weekly syndicated column for more than a decade, appearing first in the Financial Times, then in Bloomberg.
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Product details
- ASIN : 0060936428
- Publisher : Harper Perennial; Illustrated edition (May 27, 2008)
- Language : English
- Paperback : 512 pages
- ISBN-10 : 9780060936426
- ISBN-13 : 978-0060936426
- Item Weight : 13.3 ounces
- Dimensions : 5.31 x 1.15 x 8 inches
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Best Sellers Rank:
#84,298 in Books (See Top 100 in Books)
- #1,407 in Economics (Books)
- #3,307 in United States History (Books)
- #9,524 in Reference (Books)
- Customer Reviews:
Customer reviews
Top reviews from the United States
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Amity Shales is not just an accurate writer she is engaging. I read this book a few years ago & it really opened my eyes beyond the canned history I got in school. I can't remember who I loaned it out to & apparently they loved it because it was never returned to me! I was happy to re-buy the book for my children.
Lord of the Flies was a seminal book in my childhood - it made me want to read everything. The Forgotten Man is a seminal book of my adulthood - I became a voracious reader of history after reading this book.
Thank you for writing it!
It would very frequently introduce new characters with zero context and zero connective tissue to the preceding text. And then cover a bunch of other stuff only to abruptly pick up prior storylines.
It was also quite dense. Lots of detail on seemingly little things but left out a lot of what I wanted to learn. What was life like for basic families? How did homeless survive? What industries grew? Almost nothing on these topics but detail upon detail of the finance secretary’s art collection and all the drama (zzzz) of how it became donated to the US.
It feels like this was a collection of facts that needed to be stored somewhere and it was just sorta copy and pasted together.
Out of respect to the author I hate to give a negative review but I feel it valuable to future readers.
I’d like to believe the book was just over my head and there’s some obvious-to-others reason why it’s so great!
Some give FDR the credit for ending that deflation while others credit World War II with being the main terminator.
While many liberals flocked to the the Roosevelt's administration, in the end the "forgotten man" ended up paying for FDR's many experiments.
Mrs Shlaes spent many years researching those experiments. And while she lists many of her sources, such as Frederick Lewis Allen's "Only Yesterday," she understandably omitted Allen's "Since Yesterday," a competing history of the 1930s
I get the impression that Mrs Shales wishes she had been able to make the trip to Russia and speak with Joseph Stalin. As one who has worked both in the public sector (as a teacher) and the private sector (as a commodity broker) I firmly believe Harry Truman's statement that the only thing new under the sun is the history we have not read. In other words history repeats itself.
In the end, you have to draw your on conclusions. But this book will provide an important viewpoint that is essential in coming to your own ideas.
Top reviews from other countries
Shlaes argues that the twenties were not a frivolous decade - the USA made enormous advances and the companies that survived contributed to the post-war boom as well.
She disputes the idea that all Republicans were laissez faire - in particular Hoover both believed in state intervention, and did everything that he could to prop up the banks and stabilize the economy. That he failed was not the consequence of indifference, or indeed a lack of Keynesianism - he intervened more than Roosevelt did in his first term of office. Indeed Roosevelt's "we have nothing to fear but fear itself" is a Moneterist not a Keynesian proposition.
She then goes through some individual cases. Wenvil Wilkie, who went bust, went alcoholic, but then recovered both personally and financially, to unsuccessfully challenge Roosevelt in 1940. She follows the legal prosecution of the bankers, who got the blame - rather than the Stock Market. The outcome was a lot of money spent, no convictions, but some sizeable art donations that have enriched New York's galleries ever since.
There is a fascinating chapter on how whole counties - having lost faith with both the goverment and the financial institutions, just set up their own, including their own currencies. Other states set up a system of exchange, defining how much corn or meat a car repair or a dress might be worth. Though I do not think she comments on this - such a mass opt-out must have impacted upon goverment revenues, and limited the power of the state to intervene.
She describes how many American politicians and in particular the Democratic Party were both deceived and besotted by Stalin and the Soviet Union, and how some hoped to use the New Deal, which finally took off in Roosevelt's second term, to promote his policies in the USA.
In one area Roosevelt was very successful - he won over the entertainment industry - and securred its attachment to both the New Deal and the Democratic Party. As a baby boomer I found it interesting that far from being an hobo, Woody Guthrie was paid well for travelling round the country and writing socialist and fraternal hymns. By winning over the entertainment industry Roosevelt has influenced the way that we all see the Great Depression, and how economists and modern news media see the world through Keynesian eyes.
Though she does not explicitely say this, I could only conclude that WW2, allowed the New Deal to work. It suspended all normal economic intercourse, allowed the USA to sell to the combatants, but critically the USA won. It won big - for a generation all of its economic rivals, Britain, Germany, Japan and Russia were crippled by the cost or the damage of war. This is a very good read.
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