Amity Shlaes

This is an incredible book, one that should be read by everyone who believes the federal programs put in place during the 1960s are successful. The detail of how these programs were set up, the arguing between governments, and their out of control growth are all covered, as well as the individuals that were involved in implementing them (Lyndon Johnson, Sargent Shriver and Richard Nixon in particular). The escalation of the Vietnam War is also covered.

The author clearly demonstrates how government programs often do not accomplish things that are projected and how their growth simply gets out of control despite attempts to control costs.

Another excellent history recap by this author.… (mais)

Summary: An account of the Depression years, focusing on why the Depression lasted so long, and the impact it had on so many different kinds of “forgotten men” and women.

Many accounts of the Depression have focused on the magnetic leadership of Franklin Roosevelt, creating work programs, declaring bank holidays, and seeking to give hope to the “forgotten man.” Amity Shlaes also considers various forgotten people, but asks the searching question of why the Depression lasted so long.

We are introduced to an impressive array of characters, many who recur as central figures throughout the account. There is the brain trust around Roosevelt, the “best and brightest” of his generation, who conceived of a variety of social and reform programs, mostly ineffectual: Harold Ickes, Raymond Moley, and Rex Tugwell. We meet the entrepreneurs and business people who find themselves on the wrong side of a government crusade against business, from Andrew Mellon to electrification pioneers Samuel Insull and Wendell Willkie, to the Schechter Brothers, kosher poultry wholesalers prosecuted for violating regulations of the National Recovery Act, and ultimately vindicated in court.

There are a variety of colorful figures, from Father Divine, a cult leader teaching Black self-sufficiency, John Llewellyn Lewis, a strong labor leader, David Lilienthal who headed up the Tennessee Valley Authority, a federalized effort to bring electric power to the South and “Bill” Wilson, the Wall Street alcoholic who founds Alcoholics Anonymous and in the 1930’s writes AA’s Big Book.

The book is basically an argument that the reason the Depression lasted so long was that the financial tinkering, taxation, and New Deal programs and over-reaching attacks on business “forgot” the people who made the country prosper. It recognizes the value of public works efforts like the WPA, the foundations of which were laid in the Hoover administration resulting in important infrastructure development that both put money into and facilitated the economy.

The book raises important questions about the role of government in economic downturns, arguing a classic conservative line that an activist, interventionist approach may prolong an economic downturn. Yet it also reflects the pressure a government faces from those suffering the most to “do something,” to appear to have not forgotten the little guy.

I personally found the work a tough read because it tried to follow so many threads, so many figures in a chronological account that at time the narrative felt like a lot of disparate stories and events strung together rather than the cohesive and compelling accounts the best historians render.

In the end, a global war lifted the country out of the Depression. Shlaes leaves us wondering if it needed take that long.… (mais)