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Amity Shlaes
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The Forgotten Man: A New History of the Great Depression Illustrated Edition, Kindle Edition

by Amity Shlaes (Author) Format: Kindle Edition
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In The Forgotten Man, Amity Shlaes, one of the nation's most-respected economic commentators, offers a striking reinterpretation of the Great Depression. She traces the mounting agony of the New Dealers and the moving stories of individual citizens who through their brave perseverance helped establish the steadfast character we recognize as American today.

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  1. ISBN-10
    9780061807213
  2. ISBN-13
    978-0060936426
  3. Edition
    Illustrated
  4. Sticky notes
    On Kindle Scribe
  5. Publisher
    HarperCollins e-books
  6. Publication date
    October 13, 2009
  7. Language
    English
  8. File size
    3678 KB
  9. See all details
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Editorial Reviews

From Publishers Weekly

This breezy narrative comes from the pen of a veteran journalist and economics reporter. Rather than telling a new story, she tells an old one (scarcely lacking for historians) in a fresh way. Shlaes brings to the tale an emphasis on economic realities and consequences, especially when seen from the perspective of monetarist theory, and a focus on particular individuals and events, both celebrated and forgotten (at least relatively so). Thus the spotlight plays not only on Andrew Mellon, Wendell Wilkie and Rexford Tugwell but also on Father Divine and the Schechter brothers—kosher butcher wholesalers prosecuted by the federal National Recovery Administration for selling "sick chickens." As befits a former writer for the Wall Street Journal, Shlaes is sensitive to the dangers of government intervention in the economy—but also to the danger of the government's not intervening. In her telling, policymakers of the 1920s weren't so incompetent as they're often made out to be—everyone in the 1930s was floundering and all made errors—and WWII, not the New Deal, ended the Depression. This is plausible history, if not authoritative, novel or deeply analytical. It's also a thoughtful, even-tempered corrective to too often unbalanced celebrations of FDR and his administration's pathbreaking policies. 16 pages of b&w photos. (June 12)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

From Booklist

Its duration and depth made the Depression "Great," and Shlaes, a prominent conservative economics journalist, considers why a decade of government intervention ameliorated but never tamed it. With vitality uncommon for an economics history, Shlaes chronicles the projects of Herbert Hoover and Franklin Roosevelt as well as these projects' effect on those who paid for them. Reminding readers that the reputedly do-nothing Hoover pulled hard on the fiscal levers (raising tariffs, increasing government spending), Shlaes nevertheless emphasizes that his enthusiasm for intervention paled against the ebullient FDR's glee in experimentation. She focuses closely on the influence of his fabled Brain Trust, her narrative shifting among Raymond Moley, Rexford Tugwell, and other prominent New Dealers. Businesses that litigated their resistance to New Deal regulations attract Shlaes' attention, as do individuals who coped with the despair of the 1930s through self-help, such as Alcoholics Anonymous cofounder Bill Wilson. The book culminates in the rise of Wendell Willkie, and Shlaes' accent on personalities is an appealing avenue into her skeptical critique of the New Deal. Gilbert Taylor
Copyright © American Library Association. All rights reserved

Product details

  • ASIN ‏ : ‎ B000ROKXXI
  • Publisher ‏ : ‎ HarperCollins e-books; Illustrated edition (October 13, 2009)
  • Publication date ‏ : ‎ October 13, 2009
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 3678 KB
  • Text-to-Speech ‏ : ‎ Enabled
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Not Enabled
  • Word Wise ‏ : ‎ Enabled
  • Sticky notes ‏ : ‎ On Kindle Scribe
  • Print length ‏ : ‎ 500 pages
  • Customer Reviews:

About the author

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Amity Shlaes

Amity Shlaes

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Amity Shlaes is proud to announce the publication of GREAT SOCIETY: A NEW HISTORY (HarperCollins). Many readers will remember THE FORGOTTEN MAN, a history of the 1930s. This book is the sequel, treating the Great Society programs of the 1960s, as well as the underdescribed efforts of the private sector-- far more important than we remember.

Miss Shlaes is the author of four New York Times bestsellers, COOLIDGE, THE FORGOTTEN MAN, THE FORGOTTEN MAN/GRAPHIC and THE GREEDY HAND.

Miss Shlaes chairs the board of the Calvin Coolidge Presidential Foundation. She chairs the Hayek Prize, a prize for free market books given by the Manhattan Institute.

She is a presidential scholar at the Kings College/New York.

Miss Shlaes has been the recipient of the Hayek Prize, the Frederic Bastiat Prize of the International Policy Network, the Warren Brookes Prize (2008) of the American Legislative Exchange Council, as well as being a two-time finalist for the Loeb Prize (Anderson School/UCLA).

She is a magna cum laude graduate of Yale College and did graduate work at the Freie Universitaet Berlin on a DAAD fellowship. She and her husband, the editor and author Seth Lipsky, have four children.

Customer reviews

4.4 out of 5 stars
4.4 out of 5
1,591 global ratings

Customers say

Customers find the plot interesting and compelling, with a different look at the Depression period. They also praise the writing style as well-written, assertive, but not didactic. Readers describe the reading experience as very worth reading and a good rendition of the Roosevelt era. Opinions differ on entertainment value, with some finding it entertaining and informative, while others say it's not very exciting.

AI-generated from the text of customer reviews

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ContentReading experienceWriting stylePlotRelevancePolitical contentEntertainment value
195 customers mention "Content"164 positive31 negative

Customers find the content compelling, open, and excellent. They also say the book explains both economics and politics and how the two interact. Readers also say it's a different look at the Depression period, fun to read, and impossible not to learn.

"...Assertive but not didactic, fair but critical when she has to be, she spins out what can probably best be described as a Libertarian version of the..." Read more

"...As I said, this simple fellow enjoyed the book. I found it stimulating, contained good (excellent) prose, and provided me with plenty of opportunity..." Read more

"...Yes, the story is old and told many times in many ways. But this book brings it to life. Not just FDR and Hoover and the major players...." Read more

"...It is very well written, lively, interesting, witty, and a source of knowledge not covered this thoroughly elsewhere...." Read more

178 customers mention "Reading experience"178 positive0 negative

Customers find the book very worth reading, entertaining, and a good rendition of the Roosevelt era. They also say the book is provocative and has unbelievable stories.

"...'s one of the few who can claim that; and when you delve into her deftly done "The Forgotten Man," you'll quickly see how she could have brought..." Read more

"...with sufficient elan and flow, that 'readability' remains of a very high quality. Yes, there ARE a lot of names mentioned...." Read more

"...1940 presidential candidate; it's all there and it's a great story that reads like today...." Read more

"...That brief section is well worth reading and it is a pity Schlaes did not put much more similar analysis throughout the text...." Read more

122 customers mention "Writing style"93 positive29 negative

Customers find the writing style well written, witty, and intelligent. They also say the book is assertive but not didactic, fair but critical when necessary, and incredibly impressed by the author's skills.

"...Assertive but not didactic, fair but critical when she has to be, she spins out what can probably best be described as a Libertarian version of the..." Read more

"...I found it stimulating, contained good (excellent) prose, and provided me with plenty of opportunity to see different points of view...." Read more

"...It is very well written, lively, interesting, witty, and a source of knowledge not covered this thoroughly elsewhere...." Read more

"...But the program proved so difficult that FDR penned a letter to the IRS telling them the form was so impossible to figure out that he didn't know..." Read more

115 customers mention "Plot"97 positive18 negative

Customers find the plot interesting, provocative, and entertaining. They also say the book provides a good survey of people and events that led America into and out of the Depression. Readers also mention that the book contains enjoyable snippets of gossip and exciting connections of families still in the political spectrum.

"...The result is a compelling look back at a time most of us have trouble imagining, a time when several of "the several states" actually created their..." Read more

"...Incorporates lots of historical facts, names and some figures, but manages to do so with sufficient elan and flow, that 'readability' remains of a..." Read more

"...There are some enjoyable snippets of gossip, such as Roger Baldwin's unintendedly funny comment about the Soviet Union under Stalin: "There is much..." Read more

"...I have no doubt that most readers will find Ms. Shlaes narrative quite convincing...." Read more

16 customers mention "Relevance"16 positive0 negative

Customers find the book very timely, insightful, and excellent. They also say the villains and heroes of the time are interesting.

"...A very good and timely read!" Read more

"...Shleas' very well written and timely book may give you a glimpse of the future through the past." Read more

"...The audio version of this book, by the way, is very good, with an excellent reader." Read more

"This is a very engrossing and quick read...." Read more

11 customers mention "Political content"8 positive3 negative

Customers find the political content in the book detailed, exploring the real contributions of individual leaders. They also say it's a good chronicle of government officials and businessmen caught up in the Great Depression. Readers also mention that Amity Shlaes is an excellent historian and writer.

"...Forgotten Man" is a detailed account of the main characters and various federal programs they dreamed up and implemented...." Read more

"Amity Shlaes is an excellent historian and writer. I enjoyed her biography of Coolidge and I enjoyed this wonderful history...." Read more

"...If I had a complaint it would the number of names to keep up with." Read more

"Schlaes does a fair and balanced job of portraying the people, policies and politics that figured prominently in the Great Depression, sparing..." Read more

31 customers mention "Entertainment value"13 positive18 negative

Customers are mixed about the entertainment value of the book. Some find it entertaining and informative, while others say it's not very exciting, confusing, and a waste of time and money. They also say the book is detailed and not for a light read, and that it seems to ramble at times.

"...to read to find out what the anti-FDR Republican party believes; not useful to read if one desires a true history of the 1930s."..." Read more

"...If you just want a light, entertaining read where you don't have to exercise a single brain cell, you might enjoy this book...." Read more

"...I'm awarding four stars only because of the ponderous nature of the total read...." Read more

"...It is very well written, lively, interesting, witty, and a source of knowledge not covered this thoroughly elsewhere...." Read more

Top reviews from the United States

Leslie Bialler
5.0 out of 5 stars Leave your ideology at the door, please.
Reviewed in the United States on May 17, 2009
Verified Purchase
Amity Shlaes's author bio notes that she's been published, among other places, in the New Yorker and the National Review. Probably she's one of the few who can claim that; and when you delve into her deftly done "The Forgotten Man," you'll quickly see how she could have brought that feat off. Assertive but not didactic, fair but critical when she has to be, she spins out what can probably best be described as a Libertarian version of the story of the Great Depression, featuring vignette and anecdote, and avoiding dry narrative history. The result is a compelling look back at a time most of us have trouble imagining, a time when several of "the several states" actually created their own scrip to replace the deflated, virtually useless dollar.

As the author riffs through the era (she begins in 1927 and ends in 1940), she devotes each chapter to a specific topic, although without skipping around in time. Among the highlights for me were her description of the time some left-wingers, many of whom would end up in FDR's cabinet or his "Brain Trust," sailed the Atlantic to visit Stalin's USSR, and were thrilled to have met the dictator; how the Supreme Court unanimously overturned the NRA (National Recovery Act) in a suit brought by four kosher chicken merchants from Brooklyn; and the apprehension of indicted entrepreneur Samuel Insull, who had fled to Turkey after an escape from . . . oh, but that would be telling. The efforts of Hoover's treasury secretary, Andrew Mellon, to present the nation with a national art gallery fascinate, too. Ms. Shlaes, naturally enough, also spends time describing FDR's financial experiments and his technique of playing his advisers off each other.

The forgotten man of the the title, as explained in the quotation in the book's headnote, is "C," the taxpayer, who is dragged into the fray however reluctantly when "A" and "B" attempt to come to the aid of "X." As you will see, though, FDR (as had Hoover) was thinking of "X" when he referred to the forgotten man. Ms. Shlaes, of course, begs to differ.

And maybe she has a more specific forgotten man in mind too. That would be entrepreneur Wendell Willkie, to whom the author gives major props. Once renowned, he's now pretty much remembered, if at all, as the unsuccessful GOP presidential nominee in 1940. You'll probably think after you finish the book he deserved a better fate than to have wound up as an answer to a trivia question. He gets one here.

Warning for ideologues: FDR takes some lumps, although no doubt his reputation will survive the author's skeptical (but far from bashing) analysis, and she's no kinder to Hoover.
14 people found this helpful
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Francis Meyrick
4.0 out of 5 stars Well written, fascinating Chapter Two, well researched, with a few oddities
Reviewed in the United States on March 11, 2009
Verified Purchase
(Note: I own, and have READ, all of this book) (...)

(396 pages)
Short Review: Definitely a very interesting and enjoyable book. Deals with a lot more than just the economic history of the Great Depression. Incorporates lots of historical facts, names and some figures, but manages to do so with sufficient elan and flow, that 'readability' remains of a very high quality. Yes, there ARE a lot of names mentioned. Some reviewers have struggled with that, and complained. But then, remember, this is not a novel, and there were indeed lots of players strutting the stage at the time. Chapter 2, "The Junket", details the surreal meeting with Stalin, at the Kremlin, of some of our later 'Great Leaders'. It was almost like a pilgrimage. Many of these intellectuals later became influential members of FDR's intelligentsia. They had a massive impact on public opinion and hugely affected the American public's perception of Stalin. This aspect of the book, for me, was very well written. Many of these pilgrims were prominent in later New Deal thinking. We ask ourselves: were they gullible? Sincere, well meaning, but naive? Absolutely fascinating. The growth of the Stalin cult, its subtle later influence on FDR, who many claim, was no great thinker or scholar, culminating in the accusation of 325 confirmed Soviet spies in FDR's administration (as per Venona decripts), and ultimately the furiously controversial events at Yalta.
This book really does do an excellent job of showing how grotesquely distorted a view of the Soviet Union was served up to the American people. And not just for a few years, but for a couple of decades. We read how people who started having doubts, seemingly preferred to ignore those doubts, and still went along with the fairy tale. And then of course, there were the legions of dreamy idealists, who bought the whole "Soviet workers' paradise" story, hook-line-and sinker, and who wished only to emigrate to the workers' paradise of the Soviet Union, and never -ever- come back to the sullied shores of corrupt, capitalistic Americay...

A hard book to put down. You kind of might end up (I did) shaking your head wearily: how is it possible that such a distorted view became mainstream thinking, and how is it possible that 'we, the people' can be manipulated so easily and effectively. Can it still happen today?

This book will NEVER be described as an apology of FDR's New Deal. I have some sympathy with those who are angry that the positive accomplishments of the New Deal are glossed over. The well meaning idealism, arguably misguided at times, on the part of many of the rank and file, does not come out very well. If at all. The poverty, the despair, is not painted in depth to us. Miss Frances Perkins, secretary of Labor, first woman cabinet minister, one of my favorite characters, is relegated to a very minor role. (she gets my sympathy vote as being this book's 'Forgotten Woman') But to accuse the writer of bias is too strong. I see it more as being the case that the author was more preoccupied with the economic aspects of the crisis, rather than any in depth description of the humanitarian aspect. Other books do that for us.
However, read the book, with an open mind, and draw your own conclusions.
Very topical, as we all ponder the economic future, as of March 2009. With certain politicians advocating the "New New Deal", and returning to increased 'Central Planning' thinking, and a strong drift towards European style government (and hence rapidly growing government share of GDP, I believe approaching 40%) this book could hardly be in the news at a more controversial time. The subject matter is furiously relevant to today's political debate. Especially if we are going to be told that the debate is "over". And that the 'winner' is FDR and the New Deal.
Not so fast...

An easy, solid, four star. I do have some minor grumbles. The biggest one for me is the lack of numerical source notes embedded in the text. Amity does have 'bibliographic notes' in the back, but it's not the same.
From, admittedly, the perspective of March 2009 the biggest oddity (and some wry thoughts) for me was the very last paragraph, on page 396. It seemed to me be a bit of an internal contradiction, from an author who spends 395 pages dissecting the many flaws and outright, expensive, failures of the New Deal. It's open to assault, now, for sure, but I don't hold that against the author. How times change.
"In fact, infrastructure spending is often just a nicer name for what we used to call pork. Given the depth of modern capital markets, the new Deal's old argument that "only the government can afford this" looks particularly weak. The New Deal edifice is solid enough, but it doesn't form the best basis for the national future."

Long Review: Right from the beginning, the Introduction, this book had me in its grip. The author sets us a small trap on page 5 (into which I promptly stumbled) and quickly shows her firm grasp on History. There are many, many quotes, and detailed references to contemporary events, which quickly gave me confidence that this work has been exhaustively researched. Some reviewers deny that fact, however. This is about the tenth specific FDR/New Deal book I have recently read, and the sixth I'm trying to review. I'm going to try something different this time from my other reviews: Let's go straight to the negative reviews and comments, and summarize some of these -furiously- hostile critiques.
Arnold Kling had the temerity to post a soft spoken 'five star' review, and even says, very diplomatically:

"I should stress that these are my own views, and that TFM is much less prone to making generalizations and drawing conclusions. Readers with a variety of backgrounds and predispositions can appreciate the book and learn their own lessons..."

And THEN, if you read the comments (hopefully including mine) you will quickly see that all hell broke loose.
'Diane', bless her, says words to the effect of:
" The author has cherrypicked her information to write a history that supports her ideological bias that government intervention in the economy is always bad, conveniently leaving out information that does not support her ideology. Useful to read to find out what the anti-FDR Republican party believes; not useful to read if one desires a true history of the 1930s."
T.Carlsen has a lot to say. And gives us -helpfully- a lot of details of his thinking. More than can be said for the many gray variants you read everywhere of "I HATED this stupid book", with no references to the book, and no explanations why...
And Michael Emmet Brady also wades in, furiously plastering the label "libertarian economist" on poor Mr Kling, and giving us some jargon you should look at, that I do not pretend to understand. I'm not actually sure if I am even meant to. I have some University level mathematics, and if I was pointed helpfully in the right direction, I might learn something, but that comment is for chosen insiders, the exalted ones, and excludes the vulgar plebs.
Also check out the review by Jim Powell, the author of "FDR's Folly" (see my review). I personally love it when busy authors take the trouble to be involved in these discussions.
In the review by Prof. CJ "The Eclectic Professor", there is a reference to an ominous press statement by Mr Obama. I have not been able to find a link on the web to the exact wording of that statement, but do check it out, aswith my comment.
So... what do we make of all that then?
As I said, this simple fellow enjoyed the book. I found it stimulating, contained good (excellent) prose, and provided me with plenty of opportunity to see different points of view. Some conclusions I took with a pinch of salt, and I've read enough to be able to "filter" the overall aspect. The New Deal to me was not 'all bad'. I agree wholeheartedly with Mr Kling, when he says:
" Readers with a variety of backgrounds and predispositions can appreciate the book and learn their own lessons..."
I'm also inclined to believe that a book that can stir such vitriolic passion against it, must have some achievement and merit. There seem to be people who are most anxious that we do NOT read it.
Diane's comment I found singularly unhelpful. It is, however, an excellent example of a particular attitude. I would ask: Did you actually READ the book, m'dear? We seriously wonder. Forgive me for suspecting a closed mind, that would rather avoid the undoubted cerebral effort to read the book, and does so by conveniently sticking a label on it. Such an unhelpful, entrenched, boring, class warfare statement.
Thank goodness for Mr Carlsen. He not only says he doesn't like the damn book, but he tells us WHY. He goes to some trouble to tell us WHY. His review you should read, before you buy the book. I mostly do not agree with him, but I respect him for a detailed argument.
I have replied with a comment to his. If I am missing the boat, quite possibly, please comment constructively, and let me know. Suggestions for further reading always very much appreciated.
In summary: The New Deal era was a pivotal time. What we are sailing into, as a troubled nation, in March 2009, has profound echoes from that time. My instinct is to examine every possible point of view. The debate, far from being "over" is once again hotting up.
To reject this book, without even reading it, because somebody stuck a label on it of "ideological bias", and "untrue history", and describes it as a prop for the "anti-FDR Republican party", to me, would be a great pity.
But such are the odd, polarized polemics of Amazon. Watch the "unhelpful" votes descend on this -perfectly honest- review, from a simple chap trying hard to understand our History, and be open-minded!

Peace. Enjoy the read.
19 people found this helpful
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Top reviews from other countries

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Jean Meanrd
5.0 out of 5 stars Five Stars
Reviewed in Canada on January 19, 2018
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good book
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Bookworm
5.0 out of 5 stars New Coths for the New Deal
Reviewed in the United Kingdom on April 10, 2018
Verified Purchase
This book challenges the received wisdom concerning the Wall Street crash and the Great Depression that followed. It begins by describing the suicide caused by the impact of the Great Depression - and then informs the reader that the suicide occurred in 1938, when unemployment and bankruptcy had returned almost to the level of 1931, the worst year of the recession. Indeed Shlaes contends that but for the war 1939 and 1940 might have been worse, and Roosevelt would not have won his third term, if he had chosen to stand again.
Shlaes argues that the twenties were not a frivolous decade - the USA made enormous advances and the companies that survived contributed to the post-war boom as well.
She disputes the idea that all Republicans were laissez faire - in particular Hoover both believed in state intervention, and did everything that he could to prop up the banks and stabilize the economy. That he failed was not the consequence of indifference, or indeed a lack of Keynesianism - he intervened more than Roosevelt did in his first term of office. Indeed Roosevelt's "we have nothing to fear but fear itself" is a Moneterist not a Keynesian proposition.
She then goes through some individual cases. Wenvil Wilkie, who went bust, went alcoholic, but then recovered both personally and financially, to unsuccessfully challenge Roosevelt in 1940. She follows the legal prosecution of the bankers, who got the blame - rather than the Stock Market. The outcome was a lot of money spent, no convictions, but some sizeable art donations that have enriched New York's galleries ever since.
There is a fascinating chapter on how whole counties - having lost faith with both the goverment and the financial institutions, just set up their own, including their own currencies. Other states set up a system of exchange, defining how much corn or meat a car repair or a dress might be worth. Though I do not think she comments on this - such a mass opt-out must have impacted upon goverment revenues, and limited the power of the state to intervene.
She describes how many American politicians and in particular the Democratic Party were both deceived and besotted by Stalin and the Soviet Union, and how some hoped to use the New Deal, which finally took off in Roosevelt's second term, to promote his policies in the USA.
In one area Roosevelt was very successful - he won over the entertainment industry - and securred its attachment to both the New Deal and the Democratic Party. As a baby boomer I found it interesting that far from being an hobo, Woody Guthrie was paid well for travelling round the country and writing socialist and fraternal hymns. By winning over the entertainment industry Roosevelt has influenced the way that we all see the Great Depression, and how economists and modern news media see the world through Keynesian eyes.
Though she does not explicitely say this, I could only conclude that WW2, allowed the New Deal to work. It suspended all normal economic intercourse, allowed the USA to sell to the combatants, but critically the USA won. It won big - for a generation all of its economic rivals, Britain, Germany, Japan and Russia were crippled by the cost or the damage of war. This is a very good read.
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Dan Montgomery
3.0 out of 5 stars Good research poorly presented
Reviewed in Japan on June 18, 2009
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Schlaes has done some good research and the material she presents is worth knowing. But I found her writing very hard to follow at times. She does not organize her material well and her writing style forces one to reread and re-reread at times to follow the thread of her analysis or narrative.
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RENATO MONTEIRO OLINO
4.0 out of 5 stars Muito bom, mas cansativo em alguns momentos...
Reviewed in Brazil on August 14, 2020
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O livro traz muitos detalhes sobre a vida dos políticos e demais pessoas influentes nos USA na época da depressão. Muitas histórias interessantes, mas por vezes a leitura ficava cansativa.
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K-Nine
2.0 out of 5 stars Whose forgotten man?
Reviewed in Japan on October 15, 2009
Verified Purchase
Involuntary unemployment, in which there are people who are unemployed though willing and able to work, is looming larger. I was, indeed, shocked at the author's criticism of the New Deal, an argument that government intervention is inefficient and ineffective in saving jobs. For nearly three decades, though, the global economies had been prosperous under the auspices of the pro-marketed, small government. Now the pendulum has swung. The socialized government with democratic policies emerges, remembering the weak. You need more government.
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