David m kennedy freedom from fear david
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FREEDOM FROM FEAR
The latest volume of the Oxford History of the United States, an exhaustive survey spanning 16 years of crises, ordeals, fears, and insecurities. Kennedy (History/Stanford Univ.; Over Here: The First World War and American Society, ) writes of post-WWI disillusionment, the collapse of farm prices that had been driven higher by the war, and the great movement of rural people to the cities. President Hoover, the laissez-faire whipping boy of the Great Depression, emerges here as a well-intentioned workaholic who tried valiantly with many plans and experiments, despite some faulty philosophy, to bring his country out of the economic free fall that resulted from the effects of the Treaty of Versailles (huge and ruinous war reparations imposed on Germany, record tariffs that severely damaged international trade), a gold standard that restricted the money supply, and an unregulated, speculative stock market that fed on excess credit and caused widespread bank failures and massive unemployment. Kennedy describes the great fear paralyzing the country when FDR came to power. The flood of New Deal legislation attempted to use the government to build social and economic security for its citizens. It didn—t end the Depression, but it did create permanent monuments in Am
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Books by King M. Kennedy
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Freedom from Fear : the American People in Depression and War,
xviii, pages, 32 unnumbered pages of plates : 25 cm
Between and , two great travails were visited upon the American people: the Great Depression and World War II. In a single volume the author tells how America endured, and eventually prevailed, in the face of those unprecedented calamities. He demonstrates that the economic crisis of the s was more than a reaction to the excesses of the s. For more than a century before the Crash, America's unbridled industrial revolution had gyrated through repeated boom and bust cycles, consuming capital and inflicting misery on city and countryside alike. Nor was the alleged prosperity of the s as uniformly shared as legend portrays. Countless Americans eked out threadbare lives on the margins of national life. Roosevelt's New Deal wrenched opportunity from the trauma of the s and created a lasting legacy of economic and social reform, but it was afflicted with shortcomings and contradictions as well. The author details the New Deal's problems and defeats, as well as its achievements. Yet, even as the New Deal was coping with the Depression, a new menace was developing abroad. Exploiting Germany's own economic burdens, Hitler reached out the disaffected, turning their aimle