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The Great Depression, by John A. Garraty
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- Sales Rank: #1955959 in Books
- Published on: 1987-08-04
- Released on: 1987-08-04
- Original language: English
- Number of items: 1
- Binding: Paperback
- 292 pages
From Publishers Weekly
Unable to foresee, prevent, appraise correctly or reverse plunging property values, soaring unemployment and stagnant business conditions of the Great Depression, economists have been trying to sort it all out ever since. A definitive study is attempted here, tracing 20th century social, industrial, financial and political forces. Garraty, Columbia University historian, distills contemporary writings of the 1930s, and in a facile and informative, if less than stirring, narrative he analyzes the interrelated passage of various nations through deflation, inflation, farm price collapse, unemployment, factory closings, relief programs and public works. He decries failure of vitally needed international cooperation and pervasive official fear of national deficits. Surprises in retrospect: Hitler and Roosevelt in their early recovery plans had much in common and Britain actually did achieve recovery in the 1930s, though it went unnoticed. Garraty's opus is thoughtful and well organized but something of the Depression's sui generis mystery remains.
Copyright 1986 Reed Business Information, Inc.
From Library Journal
Garraty succeeds marvelously in doing what few recent writers on the Depression have even attempted: treating the economic crisis of the Thirties as a worldwide event. With this approach, he brings genuinely new insight to the topic. By examining how major Western nations suffered through and reacted to the Depression, he broadens our knowledge of the world in that era. Moreover, the effective comparison and contrast with the United States helps us understand our own experience better. Garraty successfully conveys both the human elements and policy issues. While one wishes he had included more on the impact of the Depression on the non-Western and underdeveloped world, that is a minor point, for overall this is a superb, readable book. Charles K. Piehl, Director of Grants Management, Mankato State Univ., Minn.
Copyright 1986 Reed Business Information, Inc.
Most helpful customer reviews
6 of 6 people found the following review helpful.
Possibly an important book.
By Allan Lee Davidson
It's surprising there aren't any reviews for this one. I came to the page to read other people's reviews. Anyway, after looking over the book I read many years ago, it still seems to make a lot of sense. The author looked at the Depression as a world crisis. Some of the blowhards on cable and radio have been saying the Depression wasn't that important in other countries, that it was all Roosevelt's fault, and without World War II it wasn't going to end. John Garraty says it would have ended in a year or two without The war and that it was a big deal in other countries. In England it was called the Great Slump instead of Depression, but still very serious. In Germany they ended it early by becoming a militaristic society, and we know how that turned out. The book shows several problems "The" depression caused for many countries and I think it is an excellent perspective. Maybe there has been recent information to refute some of his thesis or maybe people just aren't reading older books on this subject, but I think it is a good book.
3 of 3 people found the following review helpful.
Interesting read to understand today's recession
By www.NealArt.com
After all that has been going on in the economy today and the comparisons to the Great Depression I wanted to read something that would give me an overall view of what occurred in the 1930's without the bias of current day events. This is a great book for understanding the economic dynamics between nations during that time (it was the first "world economy" to fail) and the different approaches they took to rectify the economic crisis. Also, it has a great section on unemployment and studies of how ordinary people dealt with idleness. Many arguments of today about welfare are addressed. I found this book very enlightening and now have a better grasp of what is happening around us today and where it might all lead. A must read for anyone nervous about our economic crisis and who thinks, like me, that it is going to last a long time.
On a side note, I wish the author would have mentioned more about the effects of Roosevelt's bank holiday after taking office.
4 of 5 people found the following review helpful.
ONE OF THE BEST BOOKS ON THE GREAT DEPRESSION
By D. Farr
I READ THIS BOOK BACK IN THE 80'S AND AM REREADING IT AGAIN. IT DOES A MAGNIFICENT JOB OF EXPLAINING THE CAUSES OF THE GREAT DEPRESSION FROM A WORLD WIDE PERSPECTIVE IN AN EASY TO UNDERSTAND FORMAT.
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