Volume 54, Number 17 · November 8, 2007
FDR & the Depression: The Big Debate
By Benjamin M. Friedman
The Forgotten Man: A New History of the Great Depression
by Amity Shlaes
HarperCollins, 464 pp., $26.95
Long-Range Public Investment: The Forgotten Legacy of the New Deal
by Robert D. Leighninger Jr.
University of South Carolina Press, 265 pp., $24.95 (paper)
The depression of the 1930s was a worldwide event. In most economically advanced countries the fall in output and employment was the deepest and the most protracted in recorded history. In many of these countries the economic disaster also had profound political consequences, most prominently the rise to power of the Nazi Party in Germany, but also the ascendency of right-wing nationalists and fascists who soon enough made up the core of the Vichy regime in wartime France and likewise encouraged Britain's flirtation with organized fascism. America—along with Germany one of the two countries hit hardest by the economic collapse—was no exception in this regard, although here political developments took a different course.
Review, 4745 words
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