Lessons from the Great Depression provides an integrated view of the depression, covering the experience in Britain, France, Germany, and the United States. Do events of the 1930s carry a message for the 1990s? Lessons from the Great Depression provides an integrated view of the depression, covering the experience in Britain, France, Germany, and the United States. It describes the causes of the depression, why it was so widespread and prolonged, and what brought about eventual recovery. Peter Temin also finds parallels in recent history, in the relentless deflationary course followed by the U.S. Federal Reserve Board and the British government in the early 1980s, and in the dogged adherence by the Reagan administration to policies generated by a discredited economic theory—supply-side economics.
A Wall Street Journal and National Bestseller! The man who predicted the worst economic crisis in US history shows you how to survive it. The current crisis is not like 2008 or even 1929. The New Depression that has emerged from the COVID pandemic is the worst economic crisis in U.S. history. Most fired employees will remain redundant. Bankruptcies will be common, and banks will buckle under the weight of bad debts. Deflation, debt, and demography will wreck any chance of recovery, and social disorder will follow closely on the heels of market chaos. The happy talk from Wall Street and the White House is an illusion. The worst is yet to come. But for knowledgeable investors, all hope is not lost. In The New Great Depression, James Rickards, New York Times bestselling author of Aftermath and The New Case for Gold, pulls back the curtain to reveal the true risks to our financial system and what savvy investors can do to survive -- even prosper -- during a time of unrivaled turbulence. Drawing on historical case studies, monetary theory, and behind-the-scenes access to the halls of power, Rickards shines a clarifying light on the events taking place, so investors understand what's really happening and what they can do about it. A must-read for any fans of Rickards and for investors everywhere who want to understand how to preserve their wealth during the worst economic crisis in US history.
From the Nobel Prize–winning economist and former chair of the U.S. Federal Reserve, a landmark book that provides vital lessons for understanding financial crises and their sometimes-catastrophic economic effects As chair of the U.S. Federal Reserve during the Global Financial Crisis, Ben Bernanke helped avert a greater financial disaster than the Great Depression. And he did so by drawing directly on what he had learned from years of studying the causes of the economic catastrophe of the 1930s—work for which he was later awarded the Nobel Prize. This influential work is collected in Essays on the Great Depression, an important account of the origins of the Depression and the economic lessons it teaches.
4 stories of resilience, mutual aid, and radical rebellion that will transform how we understand the Great Depression Drawing on little-known stories of working people, What Can We Learn from the Great Depression? amplifies voices that have been long omitted from standard histories of the Depression era. In four tales, Professor Dana Frank explores how ordinary working people in the US turned to collective action to meet the crisis of the Great Depression and what we can learn from them today. Readers are introduced to * the 7 daring Black women who worked as wet nurses and staged a sit-down strike to demand better pay and an end to racial discrimination * the groups who used mutual aid, cooperatives, eviction protests, and demands for government relief to meet their basic needs * the million Mexican and Mexican American repatriados who were erased from mainstream historical memory, while (often fictitious) white “Dust Bowl migrants” became enshrined * the Black Legion, a white supremacist fascist organization that saw racism, antisemitism, anti-Catholicism, and fascism as the cure to the Depression While capitalism crashed during the Great Depression, racism did not and was, in fact, wielded by some to blame and oppress their neighbors. Patriarchy persisted, too, undermining the power of social movements and justifying women’s marginalization within them. For other ordinary people, collective action gave them the means to survive and fight against such hostilities. What resulted were powerful new forms of horizontal reciprocity and solidarity that allowed people to provide each other with the bread, beans, and comradeship of daily life. The New Deal, when it arrived, provided vital resources to many, but others were cut off from its full benefits, especially if they were women or people of color. What Can We Learn from the Great Depression? shows us how we might look to the past to think about how we can shape the future of our own failed economy. These lessons can also help us imagine and build movements to challenge such an economy—and to transform the state as a whole—in service to the common good without replicating racism and patriarchy.
From the Pulitzer Prize–winning author of The Good War: A masterpiece of modern journalism and “a huge anthem in praise of the American spirit” (Saturday Review). In this “invaluable record” of one of the most dramatic periods in modern American history, Studs Terkel recaptures the Great Depression of the 1930s in all its complexity. Featuring a mosaic of memories from politicians, businessmen, artists, striking workers, and Okies, from those who were just kids to those who remember losing a fortune, Hard Times is not only a gold mine of information but a fascinating interplay of memory and fact, revealing how the 1929 stock market crash and its repercussions radically changed the lives of a generation. The voices that speak from the pages of this unique book are as timeless as the lessons they impart (The New York Times). “Hard Times doesn’t ‘render’ the time of the depression—it is that time, its lingo, mood, its tragic and hilarious stories.” —Arthur Miller “Wonderful! The American memory, the American way, the American voice. It will resurrect your faith in all of us to read this book.” —Newsweek “Open Studs Terkel’s book to almost any page and rich memories spill out . . . Read a page, any page. Then try to stop.” —The National Observer
When the stock market crashed in 1929, Benjamin Roth was a young lawyer in Youngstown, Ohio. After he began to grasp the magnitude of what had happened to American economic life, he decided to set down his impressions in his diary. This collection of those entries reveals another side of the Great Depression—one lived through by ordinary, middle-class Americans, who on a daily basis grappled with a swiftly changing economy coupled with anxiety about the unknown future. Roth's depiction of life in time of widespread foreclosures, a schizophrenic stock market, political unrest and mass unemployment seem to speak directly to readers today.
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.
When Dorothy's father loses his job and cannot find another, the family borrows a car and sets off for Idaho where jobs picking potatoes can be found. This true story gives children a vivid sense of the Great Depression on a level they can understand. Full-color illustrations.
An in-depth look at the lessons from one of the worst times in America's financial history Are you worried about the economy? You're certainly not alone. According to most economists, the turmoil that Americans will face over the next four years will be the roughest financial times since the Great Depression-and many are looking backward to learn how to survive an ongoing and sustained economic downturn. Lessons from the Great Depression For Dummies takes a historic look at the events and circumstances leading up to the 1929 crash and subsequent depression, then the economic aftermath-particularly the economic response. This book paints a historic picture of those times and examines not only the critical failures that led to a decade of depression, but also the positive and negative aftershocks that created the modern American lifestyle. You'll see how the lessons we learned have shaped today's political and financial landscape-and how they'll continue to be part of the American experience for future generations. Provides information on what was learned from the Great Depression and how those lessons have shaped the economic foundation of modern society Looks at the various factors that combined to create the Great Depression Examines the social and cultural impact that the Depression had on the American people-and how our lives today are very much a product of those factors Steve Wiegand, n award-winning political journalist and history writer, is the also the author of U.S. History for Dummies, 2nd Edition For anyone looking to understand how the American people survived and emerged from a financial disaster with their heads held high and their spirit intact, Lessons from the Great Depression For Dummies is the ideal resource.
East Texas, the 1930s—the Great Depression. Award-winning author Jonah Winter's father grew up with seven siblings in a tiny house on the edge of town. In this picture book, Winter shares his family history in a lyrical text that is clear, honest, and utterly accessible to young readers, accompanied by Kimberly Bulcken Root's rich, gorgeous illustrations. Here is a celebration of family and of making do with what you have—a wonderful classroom book that's also perfect for children and parents to share.
