The Forgotten Man: A New History of the Great Depression
Book by Amity Shlaes / From Wikipedia, the free encyclopedia
The Forgotten Man: A New History of the Great Depression is a book by Amity Shlaes published by HarperCollins in 2007. The book is a re-analysis of the events of the Great Depression, generally from a free market perspective. The book criticizes Herbert Hoover and the Smoot-Hawley Tariff as exacerbating the Depression through government intervention. It opines that Franklin D. Roosevelt pursued erratic policies that froze investment and failed to take the steps needed to stop the Depression, and that the New Deal extended the length of the Depression and had deleterious effects on individuals.
Author | Amity Shlaes |
---|---|
Cover artist | Jaime Putorti |
Language | English |
Subject | Great Depression |
Genre | History |
Publisher | HarperCollins |
Publication date | June 12, 2007 |
Publication place | United States |
Media type | |
Pages | 480 |
ISBN | 0-06-621170-0 |
973.91/6 22 | |
LC Class | E806 .S52 2007 |
Shlaes praises the model offered by Wendell Willkie before the 1940 presidential election, where the New Deal would have been scaled back and business would have stepped in.
The book begins with an anecdote of the 1937 recession, eight years after the Depression began, when Roosevelt adopted budget-balancing policies indistinguishable from the stereotype of what Hoover supposedly did. Shlaes presents her arguments in part by telling stories of self-starters who showed what the free market could have accomplished without the New Deal.[1]
The book argues that members of FDR's "Brain Trust", including Rexford Tugwell of Columbia University, had connections to the Soviets and their interest in central planning.
Shlaes used the term forgotten man in the sense famous classical liberal thinker William Graham Sumner coined the term to refer to the middle class.[2]