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.
Lawson focuses on where the impetus and plans for the New Deal originated, how Roosevelt and those closest to him sought to fashion a cooperative commonwealth, and what happened when the impulse for collective unity was thwarted. He describes the impact of the Great Depression on the prevailing system and traces the fortunes of several major social sectors as the drive to create a cohesive plan for reconstruction unfolded. He continues the story of these main sectors through the last half of the 1930s and traces their legacy down to the present as crucial challenges to the New Deal have arisen.
Drawing from a wide variety of scholarly texts, records of the Roosevelt administration, Depression-era newspapers and periodicals, and biographies and reflections of the New Dealers, Lawson offers a comprehensive conceptual base for a crucial aspect of American history.-- John F. Bauman
In this shocking and groundbreaking new book, economic historian Burton W. Folsom exposes the idyllic legend of Franklin D. Roosevelt as a myth of epic proportions. With questionable moral character and a vendetta against the business elite, Roosevelt created New Deal programs marked by inconsistent planning, wasteful spending, and opportunity for political gain -- 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. Many government programs that are widely used today have their seeds in the New Deal. Farm subsidies, minimum wage, and welfare, among others, all stifle economic growth -- encouraging decreased productivity and exacerbating unemployment.
Roosevelt's imperious approach to the presidency changed American politics forever, and as he manipulated public opinion, American citizens became unwitting accomplices to the stilted economic growth of the 1930s. More than sixty years after FDR died in office, we still struggle with the damaging repercussions of his legacy.
With the world currently in the grips of a financial crisis unlike anything since the Great Depression, Nothing to Fear could not be timelier. This acclaimed work of history brings to life Franklin Roosevelt's first hundred days in office, when he and his inner circle launched the New Deal, forever reinventing the role of the federal government. As Cohen reveals, five fiercely intelligent, often clashing personalities presided over this transformation and pushed the president to embrace a bold solution. Nothing to Fear is the definitive portrait of the men and women who engineered the nation's recovery from the worst economic crisis in American history.
From the stock market crash of October 1929 to Germany's invasion of Norway, France, and the Low Countries in 1940, the Great Depression blanketed the world economy. Its impact was particularly deep and direct in the United States. This was the era when the federal government became a major player in the national economy and Americans bestowed the responsibility for maintaining full employment and stable prices on Congress and the White House, making the Depression years a major watershed in U.S. history. In more than 500 essays, this book provides a ready reference to those hard times, covering the diplomacy, popular culture, intellectual life, economic problems, public policy issues, and prominent individuals of the era.
Catapulted into national politics by his heroic campaigns to feed Europe during and after World War I, Herbert Hoover—an engineer by training—exemplified the economic optimism of the 1920s. As president, however, Hoover was sorely tested by America's first crisis of the twentieth century: the Great Depression.
Renowned New Deal historian William E. Leuchtenburg demonstrates how Hoover was blinkered by his distrust of government and his belief that volunteerism would solve all social ills. As Leuchtenburg shows, Hoover's attempts to enlist the aid of private- sector leaders did little to mitigate the Depression, and he was routed from office by Franklin D. Roosevelt in 1932. From his retirement at Stanford University, Hoover remained a vocal critic of the New Deal and big government until the end of his long life.
Leuchtenburg offers a frank, thoughtful portrait of this lifelong public servant, and shrewdly assesses Hoover's policies and legacy in the face of one of the darkest periods of American history.
The father of the modern American state was an obscure Macy's department store executive named Beardsley Ruml. During World War II, he devised the plan for withholding taxes from your paycheck, thereby laying in place a system that allows the hand of government to reach into your wallet and take what it wants.
Today, taxes make up more than a third of our economy, the highest level in history outside war. We live in the nation revolutionary father Thomas Paine foresaw when he wrote of "the Greedy Hand of government thrusting itself into every corner of industry." This book is a cultural examination of the way taxes influence our behavior, how they force us into an arbitrary system that punishes families and individual enterprise.
Amity Shlaes unveils the hidden perversities of our lifelong tax experience: how family tax breaks do little to help the family, and can even hurt it. She demonstrates how married women pay a special women's tax rate, higher than anybody else's. She shows how problems that engage and enrage us--Social Security problems, or the things we don't like about schools--are, at heart, tax problems. And she explains why the solutions Washington offers merely accelerate a vicious cycle.
Finally, Amity Shlaes shows us a way out of this madness, endorsing a number of common-sense reforms that will give all Americans a fairer and simpler tax system. Written with eloquent compassion for working Americans and their families, The Greedy Hand makes the best case yet for rethinking our tax code. It is a book no tax-paying citizen can afford to ignore.