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The Great Depression: America 1929-1941
Free Download The Great Depression: America 1929-1941
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Review
A New York Times Notable Book “It would be hard to find a fairer or more balanced account of how the American people and their leaders learned to grapple with their greatest economic crisis.” —New York Times Book Review “A thorough work of scholarship, a lively story, and a highly original feat of analysis.”—Business Week “This is essential reading.” —Studs Terkel
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A perennial backlist performer.
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Product details
Paperback: 448 pages
Publisher: Times Books; Reprint edition (December 6, 1993)
Language: English
ISBN-10: 0812923278
ISBN-13: 978-0812923278
Product Dimensions:
6.2 x 1.1 x 9.2 inches
Shipping Weight: 1.4 pounds (View shipping rates and policies)
Average Customer Review:
3.5 out of 5 stars
62 customer reviews
Amazon Best Sellers Rank:
#79,159 in Books (See Top 100 in Books)
So disappointed with this book. It stayed on my Kindle while I read 5 other books and I was really looking forward to reading this. It is supposed to be one of the better books about the depression and is highly praised.McElvaine exhibits such slanted bias, that I put the book down after reading the lengthy introduction and half of the first chapter. I rarely do that. I usually stick with a book because I'll have an interest in the subject. I was beginning to believe that the book was more about bashing conservatives and Reagan, than the depression. I decided that I probably wasn't going to learn as much about the people and their challenges during this time, more strictly economics.I really hate that I spent money on this book instead of choosing a different history book on my Wish List.I would've chosen 0 stars if I had that option.
Writing this in January 2014 and I wish everyone, but particularly those on Wall Street and at the Fed, would read this. Just read chapter 2, Origins, pages 38 to 41 if you don't have time for more. We are here all over again. I had to look at the preface to see when this was written! A different series of events has led again to the same scenario. Great advances in production capability (this time computers, overseas factories), workers pay not keeping up, spending ability of the masses shrinking while the 0.1% grows. He explains why the extravagant spending of the millionaires was not enough to keep the whole economy going. One-sided foreign movement of goods (then exports, now imports) causing global inequalities in money flow. The downturn in Europe (sound familiar?). Together with the fact of psychological cycles in the population, and how group views swing from the liberal to conservative, just like business cycles over 10-20 periods. Nothing we can really do about it, but this book makes it obvious the picture is much bigger than can be addressed by QE. We appear to be right now facing the diminishing of confidence in the market, and in the end that's all that will matter. If the next Depression is imminently upon us, it's all predicted in this book. Not that I think we could really stop this whole cycle, but it's interesting to understand what's happening in the big picture. I recommend this book highly.
Having just read "The Forgotten Man" by Amity Shlaes, and "The Great Depression" by Robert McElvaine, back-to-back, I have the opportunity to compare how both authors treat this complex topic.What struck me is that Shlaes' approach seems to be "top-down" while McElvaine's approach is "bottom-up". McElvaine sprinkles into his text the correspondence from ordinary Americans to the Roosevelts; the language is rich, heartfelt, evocative, and infuses the text with a deep sense of melancholy. Shlaes focuses more on the major players, people in a position of power, thought leaders.Both authors approach the topic of the New Deal from diametric economic and political camps. McElvaine's commentary is definitely biased toward a liberal belief in government. His swipes at President Reagan may seem anachronistic (I believe the book was published in the early eighties, and then re-published in the early nineties) so Reagan-bashing may have been more au courant at the time, but now it seems like cheap jabs. Fortunately, these remarks are not too distracting.Shlaes makes a strong case that the New Deal was concident to the easing of the economic downturn, while McElvaine plays both sides - he attributes the New Deal as "saving capitalism" but as having little influence on ending the Depression.Both books emphasize the experimental nature of FDR's attempts at righting the economy, and ascribe much of the direction of the New Deal to political rather than economic forces. Both books are required reading for the student who wishes to understand how America changed from the Roaring Twenties to the Great Depression.
The book is a long and tedious read, but there are many interesting historical overviews regarding the Great Depression. I used the book to help by granddaughter write a research paper for college.
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