It's difficult today to imagine how America survived the Great Depression--only through the stories of the common people who struggled during that era can we really understand it. These people are at the heart of this reinterpretation of one of the most crucial events of the twentieth century. Author Shlaes presents the neglected and moving stories of individual Americans, and shows how through brave leadership they helped establish the steadfast character we developed as a nation. Shlaes also traces the mounting agony of the New Dealers themselves as they discovered their errors. She shows how both Hoover and Roosevelt failed to understand the prosperity of the 1920s and heaped massive burdens on the country that more than offset the benefit of New Deal programs. The real question about the Depression, she argues, is not whether Roosevelt ended it--it is why it lasted so long.--From publisher description.

The Crisis of the Old Order, 1919-1933, volume one of Pulitzer Prize-winning historian and biographer Arthur M. Schlesinger, Jr.'s Age of Roosevelt series, is the first of three books that interpret the political, economic, social, and intellectual history of the early twentieth century in terms of Franklin D. Roosevelt, the spokesman and symbol of the period. Portraying the United States from the Great War to the Great Depression, The Crisis of the Old Order covers the Jazz Age and the rise and fall of the cult of business. For a season, prosperity seemed permanent, but the illusion came to an end when Wall Street crashed in October 1929. Public trust in the wisdom of business leadership crashed too. With a dramatist's eye for vivid detail and a scholar's respect for accuracy, Schlesinger brings to life the era that gave rise to FDR and his New Deal and changed the public face of the United States forever.

"There have been two global financial crises in the past century: the Great Depression of the 1930s and the Great Recession that began in 2008. Both featured loose credit, precarious real estate and stock market bubbles, suspicious banking practices, an inflexible monetary system, and global imbalances; both had devastating economic consequences. In both cases, people in the prosperous decade preceding the crash believed they were living in a post-volatility economy, one that had tamed the cycle of boom and bust. When the global financial system began to totter in 2008, policymakers were able to draw on the lessons of the Great Depression in order to prevent a repeat, but their response was still inadequate to prevent massive economic turmoil on a global scale. In Hall of Mirrors, renowned economist Barry Eichengreen provides the first book-length analysis of the two crises and their aftermaths. Weaving together the narratives of the 30s and recent years, he shows how fear of another Depression greatly informed the policy response after the Lehman Brothers collapse, with both positive and negative results. On the positive side, institutions took the opposite paths that they had during the Depression; government increased spending and cut taxes, and central banks reduced interest rates, flooded the market with liquidity, and coordinated international cooperation. This in large part prevented the bank failures, 25% unemployment rate, and other disasters that characterized the Great Depression. But they all too often hewed too closely and too literally to the lessons of the Depression, seeing it as a mirror rather than focusing on the core differences. Moreover, in their haste to differentiate themselves from their forbears, today's policymakers neglected the constructive but ultimately futile steps that the Federal Reserve took in the 1930s. While the rapidly constructed policies of late 2008 did succeed in staving off catastrophe in the years after, policymakers, institutions, and society as a whole were too eager to get back to normal, even when that meant stunting the recovery via harsh austerity policies and eschewing necessary long-term reforms. The result was a grindingly slow recovery in the US and a devastating recession in Europe. Hall of Mirrors is not only a monumental work of economic history, but an essential exploration of how we avoided making only some of the same mistakes twice--and why our partial remedy makes us highly susceptible to making other, equally important mistakes yet again"--

Dancing in the Dark shows how our worst economic crisis, as it eroded American individualism and punctured the American dream, produced in the 1930s some of the greatest writing, photography, and mass entertainment ever seen in this country.

Volume Two in Schlesinger's Age of Roosevelt series, this book describes Roosevelt's first tumultuous years in the White House.

A riveting look at the financial cycles in American economic history from colonial times to the present day, with an eye on the similarities and differences between past and present conditions as analyzed by leading economic historians.

In 1931 Worcester, Massachusetts, Joey Singer, the teenaged son of Jewish immigrants, suffers with his family through the early part of the Great Depression, trying to finish high school, working a milk delivery route, marching on Washington, and eventually even becoming a hobo, all the while trying to figure out how to go to college and realize his dream of becoming a writer. Includes author's note about the Depression.