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jmdaly95 's review for:
The Forgotten Man: A New History of the Great Depression
by Amity Shlaes
Book 3 of 40 for 2016....
As is commonly said the winner often gets to write the first draft of history which in someways explains why its commonly though that the New Deal pulled the US out of the depression of the 1930's. This is where Amity Shlaes The Forgotten Man comes in. This excellent re-examination of the New Deal that was published in 2007 and has been on my to-read list for far too long comes into play.
Shlaes' presents an argument that the New Deal provided only a temporary band-aid to an economy that was still not recovered by the time the country begins to prepare for the Second World War. As we are all aware the New Deal had some spectacular failures including the NRA and the court packing plan.
In light of the Great Recession of 2007 this book provides an excellent example of how too much intervention can prevent recovery.
On a side note I've always had problems with the management style of FDR who would constantly have two people performing two different functions attempting to achieve one goal. This kind of duel management always presented problems with staff and cabinet member feeling like they were lied too or sent on wild goose chases. Shales presents several examples of this failing management style and how it lead to a few staff members leaving the administration.
I highly recommend you pick this book up if your interested in the history of the 30's and a reexamination of a period of history that we only have a general knowledge of.
As is commonly said the winner often gets to write the first draft of history which in someways explains why its commonly though that the New Deal pulled the US out of the depression of the 1930's. This is where Amity Shlaes The Forgotten Man comes in. This excellent re-examination of the New Deal that was published in 2007 and has been on my to-read list for far too long comes into play.
Shlaes' presents an argument that the New Deal provided only a temporary band-aid to an economy that was still not recovered by the time the country begins to prepare for the Second World War. As we are all aware the New Deal had some spectacular failures including the NRA and the court packing plan.
In light of the Great Recession of 2007 this book provides an excellent example of how too much intervention can prevent recovery.
On a side note I've always had problems with the management style of FDR who would constantly have two people performing two different functions attempting to achieve one goal. This kind of duel management always presented problems with staff and cabinet member feeling like they were lied too or sent on wild goose chases. Shales presents several examples of this failing management style and how it lead to a few staff members leaving the administration.
I highly recommend you pick this book up if your interested in the history of the 30's and a reexamination of a period of history that we only have a general knowledge of.