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The New Deal: A Modern History (Hardcover)

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Description


Franklin Roosevelt’s New Deal began as a program of short-term emergency relief measures and evolved into a truly transformative concept of the federal government’s role in Americans’ lives. More than an economic recovery plan, it was a reordering of the political system that continues to define America to this day.

With The New Deal: A Modern History, Pulitzer Prize–winning writer Michael Hiltzik offers fresh insights into this inflection point in the American experience. Here is an intimate look at the alchemy that allowed FDR to mold his multifaceted and contentious inner circle into a formidable political team. The New Deal: A Modern History shows how Roosevelt, through the force of his personality, commanded the loyalty of the rock-ribbed fiscal conservative Lewis Douglas and the radical agrarian Rexford Tugwell alike; of Harold Ickes and Harry Hopkins, one a curmudgeonly miser, the other a spendthrift idealist; of Henry Morgenthau, gentleman farmer of upstate New York; and of Frances Perkins, a prim social activist with her roots in Brahmin New England. Yet the same character traits that made him so supple and self-confident a leader would sow the seeds of the New Deal’s end, with a shocking surge of Rooseveltian misjudgments.

Understanding the New Deal may be more important today than at any time in the last eight decades. Conceived in response to a devastating financial crisis very similar to America’s most recent downturn—born of excessive speculation, indifferent regulation of banks and investment houses, and disproportionate corporate influence over the White House and Congress—the New Deal remade the country’s economic and political environment in six years of intensive experimentation. FDR had no effective model for fighting the worst economic downturn in his generation’s experience; but the New Deal has provided a model for subsequent presidents who faced challenging economic conditions, right up to the present. Hiltzik tells the story of how the New Deal was made, demonstrating that its precepts did not spring fully conceived from the mind of FDR—before or after he took office. From first to last the New Deal was a work in progress, a patchwork of often contradictory ideas. Far from reflecting solely progressive principles, the New Deal also accommodated such conservative goals as a balanced budget and the suspension of antitrust enforcement. Some programs that became part of the New Deal were borrowed from the Republican administration of Herbert Hoover; indeed, some of its most successful elements were enacted over FDR’s opposition.

In this bold reevaluation of a decisive moment in American history, Michael Hiltzik dispels decades of accumulated myths and misconceptions about the New Deal to capture with clarity and immediacy its origins, its legacy, and its genius.

About the Author


Michael Hiltzik is a Pulitzer Prize–winning journalist and author who has covered business, technology, and public policy for the Los Angeles Times for three decades. He currently serves as the Times’s business columnist and hosts its business blog, The Economy Hub. His books include Big Science, The New Deal, Colossus, Dealers of Lightning, and The Plot Against Social Security. Mr. Hiltzik received the 1999 Pulitzer Prize for articles exposing corruption in the entertainment industry. He lives in Southern California with his wife and two children. Follow him on Twitter @HiltzikM.

Praise For…


“Hiltzik tells the dam's tale well, with majestic sweep and a degree of detail; every iota of material fits snugly into the narrative, which, unlike the river, flows freely.”
San Francisco Chronicle

“Detailed and vividly written – destined to be the standard history for decades to come.”
Washington Post

“[A] superb new history of the dam's conception, construction and legacy… And in Hiltzik's hands, it makes very good history, indeed.”
Cleveland Plain Dealer

 “The parade of grim particulars might make Colossus a depressing read were it not for the vigor of Hiltzik's prose and the lively gallery of individual portraits and anecdotes that convey a wonderfully textured sense of what it was like to work on Hoover Dam.”
Los Angeles Times

“In the grand tradition of David McCullough, Mr. Hiltzik clearly explains the technological and physical difficulties posed by the dam project, but he also fixes the endeavor in its time and captures the personalities of the people involved. May inspire in readers a longing for something . . . that will summon up once again America’s famous self-confidence and daring. A national monument to the American can-do spirit.” —John Steele Gordon, The Wall Street Journal


Product Details
ISBN: 9781439154489
ISBN-10: 1439154481
Publisher: Free Press
Publication Date: September 13th, 2011
Pages: 512
Language: English