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Franklin D Roosevelt And The New Deal Paperback – July 17, 1963
There is a newer edition of this item:
- Print length432 pages
- LanguageEnglish
- PublisherHarpPeren
- Publication dateJuly 17, 1963
- Dimensions5.5 x 1 x 8 inches
- ISBN-100061330256
- ISBN-13978-0061330254
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Chapter One
The Politics of Hard Times
The Democratic party opened the 1932 campaign confident of victory. The crash of 1929 had made a mockery of Republican claims to being "the party of prosperity." In the three years of Herbert Hoover's Presidency, the bottom had dropped out of the stock market and industrial production had been cut more than half. At the beginning of the summer, Iron Age reported that steel plants were operating at a sickening 12 per cent of capacity with "an almost complete lack" of signs of a turn for the better. In three years, industrial construction had slumped from $949 million to an unbelievable $74 million. In no year since the Civil War were so few miles of new railroad track laid."1
By 1932, the unemployed numbered upward of thirteen million. Many lived in the primitive conditions of a preindustrial society stricken by famine. In the coal fields of West Virginia and Kentucky, evicted families shivered in tents in midwinter; children went barefoot. In Los Angeles, people whose gas and electricity had been turned off were reduced to cooking over wood fires in back lots. Visiting nurses in New York found children famished; one episode, reported Lillian Wald, "might have come out of the tales of old Russia." A Philadelphia storekeeper told a reporter of one family he was keeping going on credit: "Eleven children in that house. They've got no shoes, no pants. In the house, no chairs. My God, you go in there, you cry, that's all."2
At least a million, perhaps as many as two millions were wandering the country in a fruitless quest for work or adventure or just a sense of movement. They roved the waterfronts of both oceans, rode in cattle cars and gondolas of the Rock Island and the Southern Pacific, slept on benches in Boston Common and Lafayette Square, in Chicago's Grant Park and El Paso's Plaza. From Klamath Falls to Sparks to Yuma, they shared the hobo's quarters in oak thickets strewn with blackened cans along the railroad tracks. On snowy days, as many as two hundred men huddled over fires in the jungle at the north end of the railway yards in Belen, New Mexico. Unlike the traditional hobo, they sought not to evade work but to find it. But it was a dispirited search. They knew they were not headed toward the Big Rock Candy Mountain; they were not, in fact, headed anywhere, only fleeing from where they had been.3
On the outskirts of town or in empty lots in the big cities, homeless men threw together makeshift shacks of boxes and scrap metal. St. Louis had the largest "Hooverville," a settlement of more than a thousand souls, but there was scarcely a city that did not harbor at least one. Portland, Oregon, quartered one colony under the Ross Island bridge and a second of more than three hundred men in Sullivan's Gulch. Below Riverside Drive in New York City, an encampment of squatters lined the shore of the Hudson from 72nd Street to 110th Street. In Brooklyn's Red Hook section, jobless men bivouacked in the city dump in sheds made of junked Fords and old barrels. Along the banks of the Tennessee in Knoxville, in the mudflats under the Pulaski Skyway in New Jersey, in abandoned coke ovens in Pennsylvania's coal counties, in the huge dumps off Blue Island Avenue in Chicago, the dispossessed took their last stand.4
"We are like the drounding man, grabbing at every thing that flotes by, trying to save what little we have," reported a North Carolinian. In Chicago, a crowd of some fifty hungry men fought over a barrel of garbage set outside the back door of a restaurant; in Stockton, California, men scoured the city dump near the San Joaquin River to retrieve half-rotted vegetables. The Commissioner of Charity in Salt Lake City disclosed that scores of people were slowly starving, because neither county nor private relief funds were adequate, and hundreds of children were kept out of school because they had nothing to wear. "We have been eating wild greens," wrote a coal miner from Kentucky's Harlan County. "Such as Polk salad. Violet tops, wild onions. forget me not wild lettuce and such weeds as cows eat as a cow wont eat a poison weeds."5
As the party in power during hard times, the Republicans faced almost certain defeat in the 1932 elections. President Herbert Hoover could escape repudiation only if the Democrats permitted internal divisions to destroy them. There was some prospect that the Democrats might do just that. National Democratic party leaders criticized Hoover not because he had done too little but because he had done too much. The main criticism they leveled at Hoover was that he was a profligate spender. In seeking to defeat progressive measures, Republicans in Congress could count on the votes of a majority of Democrats on almost every roll call.6 But when, in their determination to balance the budget, Democratic leaders reached the point of advocating a federal sales tax, many of the congressional Democrats balked.7 Under the leadership of Representative Robert "Muley" Doughton of North Carolina, rebellious Democrats joined with Fiorello La Guardia's insurgent Republicans to vote down the sales tax and adopt income and estate taxes instead.8 The sales tax fight fixed the lines of combat at the forthcoming Democratic convention. Progressive Democrats were determined to overturn the national party leadership at Chicago in June and choose a liberal presidential nominee.
By the spring of 1932, almost every prominent Democratic progressive had become committed to the candidacy of New York's Governor Franklin Delano Roosevelt. Liberal Democrats were somewhat uneasy about Roosevelt's reputation as a trimmer, and disturbed by the vagueness of his formulas for recovery, but no other serious candidate had such good claims on progressive support. As governor of New York, he had created the first comprehensive system of unemployment relief . . .
Product details
- Publisher : HarpPeren (July 17, 1963)
- Language : English
- Paperback : 432 pages
- ISBN-10 : 0061330256
- ISBN-13 : 978-0061330254
- Item Weight : 11.2 ounces
- Dimensions : 5.5 x 1 x 8 inches
- Best Sellers Rank: #3,397,452 in Books (See Top 100 in Books)
- #5,000 in US Presidents
- #126,933 in United States History (Books)
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Customers find the book informative and thorough in presenting the policies of the presidency. They enjoy learning about this time period and appreciate its budgetary value. However, opinions differ on the reading quality - some find it well-written and nice, while others feel it's disjointed and poorly organized.
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Customers find the book informative and thorough. They appreciate its detailed explanations of FDR's policies and the New Deal. The writing is described as objective and one of the best histories of the period.
"I have very much enjoyed this book. It appears very objective - relatively speaking - and describes both the benefits and failures of the New Deal..." Read more
"This book was very good, very informative, it came quickly. I needed this book for a history paper, and when I got it I was ecstatic...." Read more
"Social security, deficit spending, off the gold standard explained in great detail. Birthing of unionism, attempted to pack the supreme court...." Read more
"I would recommend this to lovers of history and of high quality used books. It is one ofthe best books on FDR and the New Deal." Read more
Customers appreciate the book's budgetary value. They say it costs only $1 more than older, well-used books from a campus bookstore. The book covers topics like social security, deficit spending, and minimum wages.
"Only $1 more than older and well used books from a campus bookstore...." Read more
"Social security, deficit spending, off the gold standard explained in great detail. Birthing of unionism, attempted to pack the supreme court...." Read more
"...It eliminated sweatshops, created minimum wages, and created an estimated 2 million jobs in the process. *..." Read more
Customers have mixed opinions about the reading quality. Some find the text good and the book reads nicely, while others say it's disjointed and poorly defined.
"...Plus the book reads very nicely!" Read more
"This book is all over the place. In addition, I hoped for more details on the New Deal. Disappointing." Read more
"Great writing, one of the best histories of the period." Read more
"...are hardly better than newsprint quality, the type is small and poorly defined...." Read more
Top reviews from the United States
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- Reviewed in the United States on October 26, 2005I have very much enjoyed this book. It appears very objective - relatively speaking - and describes both the benefits and failures of the New Deal Economic policies and social advancement. It acknowledges the second crash of 1937 and the many problems incurred. And yet it does not deny the social progress that has helped millions of voices that were otherwise previously unheard in the political arena of American life.
The book takes on FDR and the New Deal Administration's efforts and set backs. It does however fail in the reasons of economics, the deeper structural reasons as to why many of the New Deal measures failed. The books does write of the Gold buying, the TVA, the higher taxes, the farm subsidies, relief efforts, the 100's of Acts, the Supreme Court decisions, the internal affairs and problems. What I especially enjoyed was the descriptions and political views of many of the other running mates as in Father Coughlin - a Yahoo, Huey Long and "Share the Wealth," Upton Sinclair, Merman, Wilkes - others and the political climate of socialism through out the country.
Immediately after reading this book, I began reading another book called "FDR's Folly," by Jim Powell, which is an anti-New Deal account with detailed analysis pertaining to the economic policies and their failures, written from a lazzaire-faire, Free Market, and Libertarian viewpoint - a bias account which supports the old two-class capitalism, and yet is also an excellent book. A good pro-New Deal on Social Security is Joe Cnason's "The Raw Deal." I recommend reading these books, as this one by William E. Leuchtenburg is more detailed in the social advancements as Powell's is more detailed on economics.
- Reviewed in the United States on September 26, 2013Only $1 more than older and well used books from a campus bookstore. The book arrived in great condition and has a much nicer cover than the previous edition. Plus the book reads very nicely!
- Reviewed in the United States on June 18, 2012This book was very good, very informative, it came quickly. I needed this book for a history paper, and when I got it I was ecstatic. It had the information I needed and much more.
- Reviewed in the United States on March 10, 2024Social security, deficit spending, off the gold standard explained in great detail. Birthing of unionism, attempted to pack the supreme court. 22nd amendment and insight into famous president. However I bought a paperback and the print is too small, had to up my readers!
- Reviewed in the United States on June 13, 2013I would recommend this to lovers of history and of high quality used books. It is one ofthe best books on FDR and the New Deal.
- Reviewed in the United States on October 27, 2011William E. Leuchtenburg's "Franklin D. Roosevelt and the New Deal" is a shrewd appraisal of the legacy of one of the most controversial efforts ever undertaken by the federal government. It is hard to read Leuchtenburg's history without drawing parallels to the perils now facing the United States in late 2011. It may be fairly said that an American's views on FDR and the New Deal serve as accurate predictors of his politics--liberals applaud the New Deal and its effect on improving the lives of millions crushed by the depression, while conservatives criticize it as ineffectual and the primary cause of the massive federal deficits which vex us today. Although an avowed admirer of Roosevelt, Leuchtenburg has studiously avoided producing a mere homage to liberalism. Through a dispassionate observation of what actually took place during the tumultuous years of 1932-1940, he paints a picture that is nearly as often at odds with cherished liberal principles as it is with common caricatures of FDR and the New Deal which abound on the right.
Many Americans today cannot appreciate the magnitude of the crisis which followed the stock market crash of 1929. National income had been halved. Over 5,000 banks had crashed, wiping out nine million savings accounts. Millions suffered the effects of hunger and malnutrition. "We are like the drounding [sic] man, grabbing at every thing that flotes by, trying to save what little we have," reported a North Carolinian. Fifty hungry men in Chicago fought over a barrel of garbage left outside the back of a restaurant. Men in Stockton, California waded through the city dump in search of rotted vegetables. Hundreds of children were kept out of school nationwide due to a lack of clothes. Hundreds of World War I veterans occupied buildings outside of Washington D.C to protest their dire economic conditions. Only after President Herbert Hoover called in four troops of cavalry to clear them out with tanks and infantry did they flee, along with their wives and children.
And the proximate cause of this misery?
The banks.
Stop me when this sounds familiar--
"Frustrated by the failure of the economy to respond to his nostrums, Hoover encouraged a Senate investigation into Wall Street in the spring of 1932 to make an example of the "bears," who he believed had been organizing "raids" on the stock market.
Under the persistent probing of Ferdinand Pecora, the committee shattered the image of the investment banker as a man of probity whose first concern was the welfare of his customers and who operated in an institution that was a model of fair play. Pecora revealed that the most respected men on Wall Street had rigged pools, had profited by pegging bond prices artificially high, and had lined their pockets with fantastic bonuses. The leading financial houses, the committee learned, invited insiders to purchase securities at a price much below that paid by the public. When officers of Charles Mitchell's National City Bank faced ruin because they could not cover their investments, the bank gave them interest-free loans while ruthlessly selling out their own customers. The bankers seemed bereft of a sense of obligation even to their own institutions. Albert Wiggin, president of the Chase National Bank, had even sold short the stock of his own bank.
Yet it was less their financial transgressions than their social irresponsibility which caused the loss of faith in America's business leaders. At a time when millions lived close to starvation, and some even had to scavenge for food, bankers like Wiggin and corporation executives like George Washington Hill of American Tobacco drew astronomical salaries and bonuses. Yet many of these men, including Wiggin, manipulated their investments so that they paid no income tax at all. In Chicago, where teachers, unpaid for months, fainted in classrooms for want of food, wealthy citizens of national reputation brazenly refused to pay taxes or submitted falsified statements. In Detroit, the hardest hit of any large city, Henry Ford set the standard for businessmen by shrugging off all responsibility for the welfare of the jobless. Detroit bankers, in fact, insisted that before the city would be granted a loan to maintain relief, it would have to cut relief pittances still further.
The real responsibility for their poverty, insisted John Edgerton in his presidential address to the National Association of Manufacturers in October, 1930, lay with the jobless themselves. If, he asked, "they do not...practice the habits of thrift and conservation, or if they gamble away their savings in the stock market or elsewhere, is our economic system, or government, or industry to blame?" The tone of lament in Edgerton's remarks was common. One of the most popular themes of business literature of the period was that they wealthy businessmen had suffered more than the worker.
By the time Roosevelt took office, the country had been whipped to a fury at the performance of bankers and businessmen. The New York bankers especially were the target of popular wrath."
The charismatic senator Huey P. Long called for capping all annual income at $1 million to provide a higher standard of living for all as part of his "Share the Wealth" campaign. The American Communist party pronounced that Americans were witnessing the end of capitalism and an inevitable historic turn towards a collectivist society in which personal wealth would be outlawed.
"I come home from the hill every night filled with gloom," one Washington correspondent noted. "I see on streets filthy, ragged, desperate-looking men, such as I have never seen before." By the end of Hoover's reign, more than fifteen million workers had lost their jobs... In Seattle, jobless families whose lights had been cut off spent every evening in darkness, some even without candles to light the blackened room. In December, 1932, a New York couple moved to a cave in Central Park, where they lived for the next year. That same month, Rexford Tugwell wrote in his diary: "No one can live and work in New York this winter without a profound sense of uneasiness. Never, in modern times, I should think, has there been so widespread unemployment and such moving distress from sheer hunger and cold." (p.19)
One-quarter of all farmers in Mississippi saw their farms go up in foreclosure. Other farmers in Sioux City rampaged through the streets, committing acts of vandalism. Telegraph poles and railway cars were spiked with explosives. Unemployed coal miners looted over $100,000 worth of coal each day from their former mine in Pennsylvania, confident in the knowledge that a jury of their peers--fellow miners--would not convict. Trotskyites and a business-sponsored "citizen's army" clashed in the streets of Minneapolis in 1934, leaving two dead amid a throng of 20,000 protesters. Popular sentiment questioned whether the crash demonstrated the incapacity of democracies to resolve economic crises. Hanging over all was the specter of communism: the Bolshevik revolution had take place a mere 13 years earlier.
The Congress responded to this national tumult with halfhearted measures and gridlock. "Both political parties," wrote William Dodd, "have been bankrupted." Faced with an unparalleled national crisis, Congress failed to produce a single piece of meaningful legislation. Many observers remarked that a shift to totalitarianism might be just what the country required to break the paralysis--
"Of course, we all realize that dictatorships and even semi-dictatorships in peace time are quite contrary to the spirit of American institutions and all that," remarked Barron's. "And yet--well, a genial and lighthearted dictator might be a relief from the pompous futility of such a Congress as we have recently had." A popular topic of the day was whether the country was about to experience a violent revolution.
It is in this context that FDR and the New Deal took place. The oft-repeated observation that FDR did not seek to replace capitalism, but to rescue it makes sense in light of the rapidly-deteriorating environment in which he took the helm of the nation. Modern skeptics err in dismissing this as subterfuge, as if Roosevelt secretly harbored communistic tendencies. The reason we are so quick to dismiss Roosevelt's rescue of capitalism is because we cannot imagine its tenuous condition in the early 1930's, given our contemporary experience of capitalism as the undefeated victor over communism following the end of the Cold War.
Leuchtenburg navigates the glossary of new programs and departments formed by Roosevelt, Frankfurter, and Tugwell over the course of four administrations. It is not my intention to provide a comprehensive review of these agencies, but a few highlights should be recognized--
* The Home Owner's Loan Corporation (HOLC) refinanced 1 in every 5 private dwellings in America, saving a generation from foreclosure.
* The Civil Works Administration (CWA) invented jobs for over 4.2 million unemployed Americans in the span of 30 days.
* The National Youth Association (NYA) put over 2.6 million unemployed young people to work in a novel combination of vocational training and public service.
* The Works Progress Administration (WPA) employed 3 million people.
* Social Security ended senior poverty within a single generation.
* The Public Works Administration (PWA) constructed 70% of America's new schools, 65% of its courthouses, city halls, and sewage plants, and 35% of its hospitals.
* The Tennessee Valley Authority (TVA) effectively ended poverty in the Tennessee Valley--a region beset with malaria, soil depletion, deforestation, and persistently low incomes. It developed cheap electricity, modern home appliances, fertilizers to improve crop regeneration, rotation training to help farmers increase yield, improved fish and wildlife habitats, and lifted the entire region out of poverty.
* The Rural Electrification Administration (REA) brought electricity to the nation. Prior to its founding, 9 out of 10 farms had no electricity; by 1950, only 1 out of 10 lacked power.
* The Agricultural Adjustment Act (AAA) provided price supports and foreclosure relief for farmers, causing farm income to increase 50%.
* The Securities and Exchange Commission (SEC) reduced the ability to companies and financiers to manipulate the stock market for their private gain. It forced companies to subject their financial statements to the government for review and approval prior to listing on a public exchange, and placed shadowy financial transactions under federal regulation.
* Glass-Steagall separated commercial and investment banking, ensuring that banks would be prevented from using depositors' savings as collateral in high-risk ventures (a law that did an admirable job preventing financial meltdown until Bill Clinton and Barack Obama's financial chiefs eliminated it in the late 1990's.)
* The National Recovery Administration (NRA) ended industrial child labor and protected workers' rights to collective bargaining. It eliminated sweatshops, created minimum wages, and created an estimated 2 million jobs in the process.
* The Federal Deposit Insurance Corporation (FDIC) guaranteed bank deposits and effectively put an end to the dissolution of financial institutions across the nation.
As a result of these and a host of other programs, Roosevelt infused the nation with a new sense of optimism it had not felt since before the crash. Although unemployment did not return to pre-crisis levels until World War II, people began to believe once more that good times would return. Far from seeming aloof and far-off, government showed that it could fulfill a direct role in the lives of Americans by creating economic opportunities for them to participate in the life of the nation--whether by teaching in rural schools, opening up a textile mill in the Tennessee Valley, or opening a bank protected by federal deposit insurance. So great was the sense of renewal that the Republican party got trounced in Roosevelt's first mid-term elections--an unheard-of phenomenon for the opposition party mid-way through a new president's first term.
And what of Roosevelt, himself? Was he a closet socialist who believed in the power of government to mandate the nuances of citizens' lives from a central planning agency in Washington? Hardly. Above all else, Roosevelt was a pragmatist. Although the dire state of the nation at the time of his inauguration may have necessitated bold action, FDR was under no illusions as to the need for trial-and-error in solving the nation's woes--
"All of this is perfectly terrible because it is all pure theory, when you come down to it... We must lay hold of the fact that economic laws are not made by nature. They are made by human beings."
And, in another instance--
"Better the occasional faults of a Government that lives in a spirit of charity than the constant omission of a Government frozen in the ice of its own indifference."
Henry Hopkins, the head of the Works Progress Administration echoed such sentiments when he observed--
"I am for experimenting... in various parts of the country, trying out schemes which are supported by reasonable people and see if they work. If they do not work, the world will not come to an end."
Even First Lady Eleanor Roosevelt remarked upon the limits of government in 1939--
"[The programs of the New Deal] helped but they did not solve the fundamental programs... I never believed the Federal government could solve the whole problem. It bought us time to think."
Another misconception concerns the degree to which the Roosevelt administration was enamored by the economic theories of John Maynard Keynes. Certainly, at the present moment (2011), Keynesian economics have become an acid test of one's fiscal purity. Either one is for balanced budgets, we are told, or else one is for wasteful spending in the name of priming the economic pump. It should come as little surprise that the architects of the New Deal experimented with the concepts of both fiscal stimulus as well as austerity measures in their attempts to reboot the economy.
Hopkins, Eccles, and Ickes argued that when private investment fell, government had to spend more. Doing so would lessen the severity of boom-bust cycles which characterized advanced capitalist economies. "The Government," intoned Marriner Eccles, "must be the compensatory agent in this economy; it must unbalance its budget during deflation and create surpluses in periods of great business activity." (p.245) Despite this, Eccles was largely unfamiliar with Keynesian theory. Fiscal stimulus and fiscal austerity were but levers which could be tried and discarded as necessary. Indeed, when Roosevelt made sharp reductions in public spending projects in his second term to address the deficit question, it plunged the economic back into a tailspin--and he once more turned on the spigot of federal spending. This is but another example of how the administration elevated the pragmatic over the dogmatic. Roosevelt had a deep aversion to subscribing whole-heartedly to any economic theory--
"Total commitment was required, and total commitment he would not give. The Keynesian formula for gaining prosperity by deliberately creating huge deficits year after year seemed to defy common sense. Roosevelt was willing to countenance limited, emergency spending..." (p. 264)
Even when Roosevelt sanctioned huge fiscal expenditures during such emergency measures, he nearly always did so in a limited manner.
Consider the creation of the Civil Works Administration (CWA), a federal operation designed as an emergency rescue for unemployed Americans about to enter the winter of 1933. CWA paid minimum wages to Americans culled from the ranks of the unemployed. It invented jobs for over 4 million people within the span of about 30 days. It built or improved 500,000 miles of roads, 40,000 schools, 3,500 playgrounds and athletic fields, and 1,000 airports. Workmen renovated Montana's State Capitol Building, and built Pittsburgh's Cathedral of Learning. It put 50,000 teachers to work keeping rural schools open, hired 3,000 artists and writers, and, all told, pumped a billion dollars of new purchasing power into the economy by giving Americans the work they so desperately needed.
But Roosevelt was alarmed at the sheer cost of maintaining such a program, and ended it as quickly as possible. Leuchtenburg writes--
"[Roosevelt] feared he was creating a permanent class of reliefers whom he might never get off the government payroll. If CWA were continued... it would `become a habit with the country... We must not take the position that we are going to have permanent depression in this country.'" By early April, the CWA had all but disbanded, and had fired over 4 million workers.
Indeed, such concerns over the long-term effect of providing what was meant as temporary relief were shared by many New Deal architects, contrary to the thinking by modern conservatives that FDR cynically engineered a generation that would be forever dependent upon Democratic administrations. Roosevelt and his lieutenant, Harry Hopkins believed that charity sapped worker morale. "What I seek is the abolition of relief altogether," Roosevelt wrote to Colonel House in 1934. "I cannot say so out loud yet but I hope to be able to substitute work for relief." In January, 1935, Roosevelt proposed a large emergency public employment program. Those who enrolled would receive less than prevailing private wages so as not to "encourage the rejection of opportunities for private employment." Charity, Roosevelt warned Congress, was "a narcotic, a subtle destroyer of the human spirit... The Federal Government must and shall quit this business of relief." Vice-President Garner warned Hopkins that he did not like the implications of WPA officials referring to reliefers as "clients."
Roosevelt's focus on working-class America, his subjection of financial markets to federal regulation, and his redistributive tax reforms made him the target of deep resentment among the upper classes--
"Many of the nation's wealthy were almost incoherent with rage at President Roosevelt. They refused to say his name, but referred to him as "that man" or "he". One of Roosevelt's wealthy neighbors, Howland Spencer, hated the President so much that he exiled himself in the Bahamas and returned only after the Republicans won the congressional elections in 1946.Terrified by the prospect of confiscatory taxation, the wealthy viewed Roosevelt as a reckless leveler. Accustomed to having their authority unchallenged, businessmen resented the rising empires of government and labor. Many businessmen were openly defiant." (p. 176-177)
Not all members of the upper classes were united in their opposition to the emerging social order. Edward Filene, a prosperous Boston businessman, observed: "Why shouldn't the American people take half my money from me? I took all of it from them." Others, like Russell Leffingwell of JP Morgan, called upon Roosevelt to complain: ""It hurts our feelings to have you go on calling us money changers and economic royalists."
On the opposite end of the spectrum, working-class Americans increasingly viewed Roosevelt as an ally. One worker put it: "Mr. Roosevelt is the only man we ever had in the White House who would understand that my boss is a sonofabitch." And it wasn't only working-class whites who flocked beneath the banner of the administration. By 1932, Republicans began observing that African-Americans were abandoning them in favor of the Democratic party. "They're getting tired of Lincoln," remarked one observer. Prior to the New Deal, black wards predominantly voted Republican; by 1938, nearly 90% of them were pro-Roosevelt.
Leuchtenburg weaves a solid narrative of the causes and effects of the New Deal. The account suffers in places from an excessive examination of the aforementioned alphabet-soup of agencies. In the process, the reader is momentarily unsure of the actual effects of these agencies, and it is only by careful cross-referencing that their impact upon the economic health of the nation may be understood.
Leuchtenburg also allows the pace of the work to get bogged-down in the foreign policies minutia. Although no record of Roosevelt's administrations would be complete without an account of Japanese hostility or the resurgence of German militarism, these events detract from the focus of the New Deal, and too much attention is given to these external events.
As mentioned earlier, it is hard to immerse one's self in an account of the New Deal without feeling that the present Obama administration has missed a unique opportunity to meet a similar challenge. Where Roosevelt grappled with the challenge of history forcefully, Obama makes speeches against fat-cat bankers while delegating the real decisions to financial Rasputins like Larry Summers and Timothy Geithner. Where Roosevelt made full use of the bully pulpit of the presidency, Obama assiduously sticks to the teleprompter and allows the radical right to frame the national discussion.
And the banks have only grown more powerful during the eighty years since the New Deal was framed. This issue, more than any other, defines the heightened challenge we face today in solving our own economic crisis--will Wall Street continue to drive public policy in the United States, or will we find a new FDR in our midst to forcibly align high finance with the public good?
The challenges we face today as a nation, while severe, are comparable with those faced by the generation of Franklin Roosevelt. They faced them. Whether we prove capable of doing the same remains to be seen.
- Reviewed in the United States on December 30, 2016Great writing, one of the best histories of the period.
- Reviewed in the United States on December 14, 2016Great product, arrived fast and was better than anticipated!
Top reviews from other countries
thaoReviewed in France on August 30, 20165.0 out of 5 stars Highly recommended
I loved this book because it conveyed what made FDR the man he was and why he was a great leader and president.
eugenReviewed in the United Kingdom on August 6, 20135.0 out of 5 stars A concise and competent review on fdr new deals disastrous outcome
A concise and competent review on fdr new deals disastrous outcome with even more federal debt and stolen gold from private owners. At that turning point about 1936 WAR was on the way-and they sent 12 MILLION SOLDIERS by looting the US State and Looting the conquered states as GERMANY AND JAPAN in an unprecedented way.
ROOSEVELT was also a BANKSTER BY THOUGHT and heritage even though his methods were different-let's call it socialist like
HE is still ridiculing you from his grave --did you get it___YOU ordinary us american citizen; soldier and worker ???
Keynes is NOT competent nor Hayek was !!
SILVIO GESELL and circling money with a interest dependend high tax on deposited money so that it is important to lend for not to loose a hurting value of the deposits in the period of more than a year.
(Look for the miracle of Wörgl (Austria) or the WÄRA Model or Silvio Gesells time in Argentina)
so that every nation gets working and never perishing money FOR THE PEOPLE
SO look for the 300 YEARS economically blossoming MEDIEVAL which was INTEREST-FREE !!!
in that way we get flourishing nations and steady purchase value for centuries and secure family economics
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jennyReviewed in France on April 15, 20135.0 out of 5 stars à lire
ce livre est un livre à lire je suis satisfaite de mon achat qui est arrivé dans les temps et dans l'état décrit rien à dire
Nick SampaysReviewed in the United Kingdom on August 9, 20204.0 out of 5 stars Studious piece of work.
The incredible challenges Roosevelt faced in enacting his New Deal Keynesian policies during the 30's is brought to life in this book. It's not an easy read due to challenges of keeping the huge number of political actors in one's mind going through the book. I would have given this 5 stars had it included a better reference section detailing the Alphabet agencies and major NGAs involved.
That said I learnt a great deal from reading this book and would heartily recommend it.
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Client d'AmazonReviewed in France on February 24, 20143.0 out of 5 stars Clair et complet, mais ancien
L'ouvrage couvre une bonne partie du programme. Il faut néanmoins garder à l'esprit qu'il s'agit d'un ouvrage des années 60, qui ne prend donc pas en compte les nouvelles approches historiques.






