[jbox color=”platinum” shadow=”2″ width=”490″ content_css=”font-size: 18px; color:#306262; font-variant: small-caps; letter-spacing: 3px;”]Books in Print[/jbox]
New Deal or Raw Deal? How FDR’s Economic Legacy Has Damaged America
by Burton Folsom, Jr.
Summary written by Shelli Dawdy: I personally interviewed Dr. Folsom for the documentary A New America because of this book and others he has written, including Myth of the Robber Barons. I will, of course, treasure my personal copy this book, which I made sure to have personally autographed by the author at the conclusion of our interview.
New Deal or Raw Deal? is a work that makes a devastating case against the policies of the Roosevelt administration. As Folsom states in the book and in our interview together, the idea that Roosevelt’s policies got the United States out of the Great Depression is the greatest economic myth in American history, and may, indeed, be the greatest myth in all of American history.
One of the reasons I believe New Deal or Raw Deal is a very important book is that Folsom makes his case using many verifiable facts and figures. While there have been a number of books written in the past decade or so on this subject, a number of which are very well done, Folsom particularly illustrates exactly how FDR was able to successfully strategically use federal “relief” funds in order to both increase his own electoral margins at re-election time, but also to increase the number of cooperative Democrats in Congress.
New Deal or Raw Deal is a must read, particularly considering the state of the American economy, the disastrous bailout / TARP legislation in 2008, and the “Stimulus” / ARRA legislation in 2009. It is no stretch to state that history appears to be repeating itself with the George W. Bush administration playing the role of Herbert Hoover and the Barack Obama administration playing the role of Franklin Delano Roosevelt. Considering that the disastrous policies of Hoover and Roosevelt ensured a decade long Great Depression, reversing the current trends is an important matter for all to consider.
The Forgotten Man: A New History of the Great Depression
by Amity Shlaes
Publisher Weekly review from Amazon.com: This breezy narrative comes from the pen of a veteran journalist and economics reporter. Rather than telling a new story, she tells an old one (scarcely lacking for historians) in a fresh way. Shlaes brings to the tale an emphasis on economic realities and consequences, especially when seen from the perspective of monetarist theory, and a focus on particular individuals and events, both celebrated and forgotten (at least relatively so). Thus the spotlight plays not only on Andrew Mellon, Wendell Wilkie and Rexford Tugwell but also on Father Divine and the Schechter brothers—kosher butcher wholesalers prosecuted by the federal National Recovery Administration for selling “sick chickens.” As befits a former writer for the Wall Street Journal, Shlaes is sensitive to the dangers of government intervention in the economy—but also to the danger of the government’s not intervening. In her telling, policymakers of the 1920s weren’t so incompetent as they’re often made out to be—everyone in the 1930s was floundering and all made errors—and WWII, not the New Deal, ended the Depression. This is plausible history, if not authoritative, novel or deeply analytical. It’s also a thoughtful, even-tempered corrective to too often unbalanced celebrations of FDR and his administration’s pathbreaking policies. 16 pages of b&w photos. Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. (This text refers to the Hardcover edition.)
FDR’s Folly: How Roosevelt and His New Deal Prolonged the Great Depression
by Jim Powell
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?
A New Deal
by Stuart Chase
Summary written by Shelli Dawdy. (Important note: Just as all the pictures of books here are linked to listings on Amazon.com, the picture to the left is linked to an Amazon listing. Amazon has only one listing available as of this writing (June, 2011). Therefore, I’ve included a second link via the image in the second paragraph of this summary. It is an image of my personal copy, which is one of the original printings.) Democratic Party candidate Franklin Roosevelt, searching for themes in his campaign for president and, later, for his inaugural address, ultimately settled on the term “New Deal”. This phrase became the name widely accepted and generally used for the host of programs employed by Roosevelt and his “Brains Trust” in what Roosevelt himself called an “experiment” to solve the nations’ increasing economic problems.
Few Americans understand nor do historians, curiously, explain, the origin of the phrase “New Deal”. In truth, the phrase was coined by Stuart Chase, who for a time, was a member of Roosevelt’s bevy of experts. Chase’s book, published in 1932, was intended as “a kind of blueprint for the Roosevelt campaign”[1. See essay “Some unconventional reflections on the Great Depression and the New Deal“, by F. William Engdahl.]. The origins of the phrase and the book behind it, it is startling to note, actually came about as the result of a junket taken by the author, and others in 1927 to the Soviet Union. Chase’s book included much praise about the central Soviet planning and directly advocated not for “red dictatorship” or “black (business)” but for “The Third road” which was “…not an attempt to bolster up capitalism, it is frankly aimed at the destruction of capitalism, specifically in the most evil send of ruthless expansion. The redistribution of national income, the sequestration of excess profits, and the control of new investment are all designed to that end.”
A New Deal and its authors, as well as others on the junket, did indeed impact Roosevelt’s policies. This book, its origins, and the truth about the New Deal generally are vitally important to know, particularly considering the repetition of many such policies in the twenty first century.
[jbox color=”platinum” shadow=”2″ width=”490″ content_css=”font-size: 18px; color:#306262; font-variant: small-caps; letter-spacing: 3px;”]Selection of GiN Related Articles[/jbox]
- Does Democracy Balance the Income and Influence Equation?
- Nebraska is Essentially a One Party State
- Virginia Ruling Declaring Health Care Reform Unconstitutional and Social Security Parallels
- E Pluribus Unum? LPS Thinks Not So Much.
- In the News, August 28-September 4, 2009
[jbox color=”white” shadow=”3″ width=”490″ content_css=”font-size: 20px; color:#575757; font-variant: small-caps; letter-spacing: 3px;” icon=”http://grassrootsne.com/wp-content/uploads/2011/06/BW-Camera20px.jpg”]Image Credit & Copyright Notice[/jbox]
A New Deal image courtesy Tarah Dawdy Photo, all rights reserved, no reuse without permission.
[jbox color=”white” shadow=”3″ width=”490″ content_css=”font-size: 20px; color:#575757; font-variant: small-caps; letter-spacing: 3px;” icon=”http://grassrootsne.com/wp-content/uploads/2011/06/open_book.svg_.med25x12.png”]References & Citations[/jbox]