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The New Deal shaped our nation's politics for decades, and was seen by many as tantamount to the "American Way" itself. Now, in this superb compact history, Eric Rauchway offers an informed account of the New Deal and the Great Depression, illuminating its successes and failures. Rauchway first describes how the roots of the Great Depression lay in America's post-war economic policies-described as "laissez-faire with a vengeance"-which in effect isolated our nation from the world economy just when the world needed the United States most. He shows how the magnitude of the resulting economic upheaval, and the ineffectiveness of the old ways of dealing with financial hardships, set the stage for Roosevelt's vigorous (and sometimes unconstitutional) Depression-fighting policies. Indeed, Rauchway stresses that the New Deal only makes sense as a response to this global economic disaster. The book examines a key sampling of New Deal programs, ranging from the National Recovery Agency and the Securities and Exchange Commission, to the Public Works Administration and Social Security, revealing why some worked and others did not. In the end, Rauchway concludes, it was the coming of World War II that finally generated the political will to spend the massive amounts of public money needed to put Americans back to work. And only the Cold War saw the full implementation of New Deal policies abroad-including the United Nations, the World Bank, and the International Monetary Fund. Today we can look back at the New Deal and, for the first time, see its full complexity. Rauchway captures this whole in a remarkably short space, making this book an ideal introduction to one of the great policy revolutions in history. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

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Book Details

ISBN: 9780195326345
ISBN-10: 0195326342
Format: Paperback
(175mm x 112mm x 11mm)
Pages: 160
Imprint: Oxford University Press Inc
Publisher: Oxford University Press Inc
Publish Date: 23-Feb-2008
Country of Publication: United States

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Author Biography - Eric Rauchway

Eric Rauchway is Professor of History at the University of California, Davis. He is the author most recently of Blessed Among Nations: How the World Made America and Murdering McKinley: The Making of Theodore Roosevelt's America. He has written for The American Prospect, The Financial Times (a regular columnist while teaching at Oxford), The New Republic Online, and MSNBC's "Altercation."

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