The Great Depression was a time of possibly unequaled financial hardships and mental despair for America. From the stock market crash of 1929 to the end of the Depression, usually connected with the beginning of World War Two, America experienced a time of fear and turbulence. While there are many different opinions on to what extent the New Deal helped the economy, and in some cases to what extent the New Deal hindered recovery, it would be harder to dispute how many changes and new programs Roosevelt implemented. Both books deal with the chronological history of the Depression and in part the New Deal's effect on America's economy. The Forgotten Man by Amity Shlaes, offers a perspective meant to be more modern, and emphasize "the forgotten man" of America. William E. Leuchtenburg, an often cited expert on the era, offers a condensed, straight forward of The Depression without a clear theme like Shlaes, in the book, FDR and the New Deal. While he seems to look on the New Deal, and Roosevelt, with a favorable point of view, he still critics it in several aspects, similar to Shlaes. The two authors differ in numerous ways like the staggering difference of almost half a century between the publications of each book. Another aspect is the known ideology of each author with Shlaes being a noted Republic, and Leuchtenburg being a distinguished working member of the Democratic Party. While both books offer insights on the highs and lows of Roosevelt and the New deal, differences in the way certain aspects are explained can be seen. Historiography clearly plays a part in the differences in the telling of such a chaotic and controversial era of American history. The TVA was one of the first legislation of the First Hundred Days... ... middle of paper ... ...der for a case to be made for him, but he shows his fairness through his criticisms when they are due. Another problem with Shlaes’ approach is a basic problem of the book: when trying to write a theme in a history book, evidence may be manipulated, or forgotten, to support the theme. A common theme is essential for books of fiction, but when it is the key to a book delving in true history, the book may become shaky and less believable. Through these books, one can learn to be wary of books promising a “new history”, and to always look for evidence backing up declarations. Biasness plays a part in almost all writing, so one must not be naïve or take anything completely at face value. By being attentive to things that can affect ones point of view, like political standings or the time in history, one can better weigh whose words are more believable and trustworthy.
The Great Depression tested America’s political organizations like no other event in the United States’ history except the Civil War. The most famous explanations of the period are friendly to Roosevelt and the New Deal and very critical of the Republican presidents of the 1920’s, bankers, and businessmen, whom they blame for the collapse. However, Amity Shlaes in her book, The Forgotten Man: A New History of the Great Depression, contests the received wisdom that the Great Depression occurred because capitalism failed, and that it ended because of Roosevelt’s New Deal. Shlaes, a senior fellow at the Council on Foreign Relations and a syndicated financial columnist, argues that government action between 1929 and 1940 unnecessarily deepened and extended the Great Depression. Amity Shlaes tells the story of the Great Depression and the New Deal through the eyes of some of the more influential figures of the period—Roosevelt’s men like Rexford Tugwell, David Lilienthal, Felix Frankfurter, Harold Ickes, and Henry Morgenthau; businessmen and bankers like Wendell Willkie, Samuel Insull, Andrew Mellon, and the Schechter family.
The Great Depression of 1929 to 1940 began and centered in the United States, but spread quickly throughout the industrial world. The economic catastrophe and its impact defied the description of the grim words that described the Great Depression. This was a severe blow to the United States economy. President Roosevelt’s New Deal is what helped reshape the economy and even the structure of the United States. The programs that the New Deal had helped employ and gave financial security to several Americans. The New Deals programs would prove to be effective and beneficial to the American society.
"America's Great Depression and Roosevelt's New Deal."DPLA. Digital Public Library of America. Web. 20 Nov 2013. .
During the 1920’s, America was a prosperous nation going through the “Big Boom” and loving every second of it. However, this fortune didn’t last long, because with the 1930’s came a period of serious economic recession, a period called the Great Depression. By 1933, a quarter of the nation’s workers (about 40 million) were without jobs. The weekly income rate dropped from $24.76 per week in 1929 to $16.65 per week in 1933 (McElvaine, 8). After President Hoover failed to rectify the recession situation, Franklin D. Roosevelt began his term with the hopeful New Deal. In two installments, Roosevelt hoped to relieve short term suffering with the first, and redistribution of money amongst the poor with the second. Throughout these years of the depression, many Americans spoke their minds through pen and paper. Many criticized Hoover’s policies of the early Depression and praised the Roosevelts’ efforts. Each opinion about the causes and solutions of the Great Depression are based upon economic, racial and social standing in America.
The Great Depression America 1929-1941 by Robert S. McElvaine covers many topics of American history during the "Great Depression" through 1941. The topic that I have selected to compare to the text of American, Past and Present, written by Robert A. Divine, T.H. Breen, George M. Frederickson and R. Hal Williams, is Herbert Hoover, the thirty-first president of the United States and America's president during the horrible "Great Depression".
Great Depression was one of the most severe economic situation the world had ever seen. It all started during late 1929 and lasted till 1939. Although, the origin of depression was United Sattes but with US Economy being highly correlated with global economy, the ill efffects were seen in the whole world with high unemployment, low production and deflation. Overall it was the most severe depression ever faced by western industrialized world. Stock Market Crashes, Bank Failures and a lot more, left the governments ineffective and this lead the global economy to what we call today- ‘’Great Depression’’.(Rockoff). As for the cause and what lead to Great Depression, the issue is still in debate among eminent economists, but the crux provides evidence that the worst ever depression ever expereinced by Global Economy stemed from multiple causes which are as follows:
October 29th, 1929 marked the beginning of the Great Depression, a depression that forever changed the United States of America. The Stock Market collapse was unavoidable considering the lavish life style of the 1920’s. Some of the ominous signs leading up to the crash was that there was a high unemployment rate, automobile sales were down, and many farms were failing. Consumerism played a key role in the Stock Market Crash of 1929 because Americans speculated on the stocks hoping they would grow in their favor. They would invest in these stocks at a low rate which gave them a false sense of wealth causing them to invest in even more stocks at the same low rate. When they purchased these stocks at this low rate they never made enough money to pay it all back, therefore contributing to the crash of 1929. Also contributing to the crash was the over production of consumer goods. When companies began to mass produce goods they did not not need as many workers so they fired them. Even though there was an abundance of goods mass produced and at a cheap price because of that, so many people now had no jobs so the goods were not being purchased. Even though, from 1920 to 1929, consumerism and overproduction partially caused the Great Depression, the unequal distribution of wealth and income was the most significant catalyst.
The Great Depression was a period from October 29, 1929 to around 1940, close to when the U.S. entered World War II. This period was an economic depression that was started by the Stock Market crash. Such a catastrophic time span has many different causes that can all relate and combine. The Great Depression had many underlying causes that started originated after World War I. A series of events, including the economic boom of the 1920’s were contributors to the Great Depression.
The Great Depression was a period, which seemed to go out of control. The crashing of the stock markets left most Canadians unemployed and in debt, prairie farmers suffered immensely with the inability to produce valuable crops, and the Canadian Government and World War II became influential factors in the ending of the Great Depression.
The causes and far-reaching effects of The Great Depression are examined. Discussion includes its impact on both American cultures and nations around the world. The role of World War II and the New Deal in overcoming the Depression are explored.
The Great Depression was one of the greatest challenges that the United States faced during the twentieth century. It sidelined not only the economy of America, but also that of the entire world. The Depression was unlike anything that had been seen before. It was more prolonged and influential than any economic downturn in the history of the United States. The Depression struck fear in the government and the American people because it was so different. Calvin Coolidge even said, "In other periods of depression, it has always been possible to see some things which were solid and upon which you could base hope, but as I look about, I now see nothing to give ground to hope—nothing of man." People were scared and did not know what to do to address the looming economic crash. As a result of the Depression’s seriousness and severity, it took unconventional methods to fix the economy and get it going again. Franklin D. Roosevelt and his administration had to think outside the box to fix the economy. The administration changed the role of the government in the lives of the people, the economy, and the world. As a result of the abnormal nature of the Depression, the FDR administration had to experiment with different programs and approaches to the issue, as stated by William Lloyd Garrison when he describes the new deal as both assisting and slowing the recovery. Some of the programs, such as the FDIC and works programs, were successful; however, others like the NIRA did little to address the economic issue. Additionally, the FDR administration also created a role for the federal government in the everyday lives of the American people by providing jobs through the works program and establishing the precedent of Social Security...
The education of an author on their topic is the biggest contributor to their reliability; having enough prior knowledge and background information on a subject is crucial when providing a historical analysis. An author’s personal background is of great importance as well, because their personal heritage and beliefs may lead to bias and misrepresentation of information, which removes all credibility of them and/or their work as source. Partiality, favoritism, and/or prejudice towards a specific demographic can create a blurred line between what is fact and what is opinion, which in turn can allow for personal assessments to be presented as arguments and facts even though they have been influenced to a great extent by prior thoughts and opinions.
The United States faced the worst economic downfall in history during the Great Depression. A domino effect devastated every aspect of the economy, unemployment rate was at an all time high, banks were declaring bankruptcy and the frustration of the general public led to the highest suicide rates America has ever encountered. In the 1930’s Franklin D Roosevelt introduced the New Deal reforms, which aimed to “reconcile democracy, individual liberty and economic planning” (Liberty 863). The New Deal reforms were effective in the short term but faced criticism as it transformed the role of government and shaped the lives of American citizens.
Professor’s Comments: This is a good example of a book review typically required in history classes. It is unbiased and thoughtful. The Student explains the book and the time in which it was written in great detail, without retelling the entire story… a pitfall that many first time reviewers may experience.
Historical Criticism is criticism that “considers how military, social, cultural, economic, scientific, intellectual, literary, and every other kind of history helps us to understand the author and the work” (Lynn 142). Simply stated, unlike the previously discussed criticisms, Historical Criticism connects a work to certain times or places, revealing its historical influences. Therefore, the reader is required to perform research in order to learn more about the author’s life, the author’s time period and culture, and the way of reasoning during that time. Accordingly, with a critical eye, the reader should relate the information back to the work which will provide the reader with a richer understanding of the reading as well as with author’s message to the reader (Lynn 29-31). Beyond “close reading”, the reader must research what establishes the foundation of the work. Although, below the foundation of a work there lies an even richer understanding of the