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Provides a detailed account of the Stock Market Crash of 1929 and the Great Depression, as well as President Franklin D. Roosevelt's ambitious program of New Deal reforms. Includes a narrative overview, biographical profiles, primary source documents, and other helpful features.
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.
The Depression had already begun in West Virginia before the stock market crash of November 1929 and lasted until the coming of war in 1941. In tracing the responses of the people and government of West Virginia during the Depression, historian Jerry Thomas not only deals with politics and institutions but also tells about ordinary people during the worst conditions in the state's history. 18 photos.
The stock market crash of 1929 triggered the worst economic crisis in U.S. history, the Great Depression. After Franklin Delano Roosevelt became president in 1933, he implemented the New Deal, a series of federal programs designed to ease unemployment and bolster the economy. These programs received mixed responses. The U.S. economy would ultimately continue to suffer until World War II started in 1939, when American industries were revitalized as they produced planes, ships, and weapons. In this book, students will read primary-source materials about the crash, the struggles of the American people, and the programs that helped pull the country out of the Great Depression.
Presents a history of the Great Depression, including the events that led up to it and the New Deal that followed, with chronologies, personal narratives, and documents.
Pranav Gupta and Jonathan Lee present information on the Great Depression of the 1930s and the New Deal of 1933 to 1938 in the United States. The authors provide definitions of key terms and highlight the causes and problems of the Great Depression, the philosophies of President Herbert Hoover and President Franklin D. Roosevelt, and the successes and failures of Roosevelt's New Deal programs. The causes of the Great Depression include the stock market crash of 1929, an unstable economy, and speculation on the financial markets.
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.
