Book Review: The Forgotten Man - A New History of the Great Depression by Amity Shales

From the Roaring Twenties to the bleating nineteen thirties the American economy entered like a lion and left like a lamb–the Great Depression was at hand. In addition to the infamous market crashes, unemployment rose to almost a quarter of the total population, international trade slowed, deflation abounded, banks failed at an alarming rate, and bleak shantytowns huddled on the outskirts of the gray American cityscape. One song that made up the incidental music of the lean days of the Great Depression was the ditty "Brother Can You Spare a Dime."

Once I built a railroad, I made it run, made it race against time.
Once I built a railroad; now it's done. Brother, can you spare a dime?
Once I built a tower, up to the sun, brick, and rivet, and lime;
Once I built a tower, now it's done. Brother, can you spare a dime?

Much to the chagrin of the wait-and-see economists, President Franklin Delano Roosevelt did spare a dime in the form of New Deal policies, which would–for good or ill–transform the American economic landscape for years to come. Some experts argue FDR was right on the money while others argue his policies exacerbated an already dire situation. In The Forgotten Man Amity Shales presents an argument against the policies and philosophies of the New Deal that she claims negatively affected the "forgotten man" in America during the Great Depression.

Who is the "forgotten man" one might ask? It depends who you ask. Yale Professor William Graham Sumner coined the "forgotten man" as "C" who is excluded from the equation where person "A" and "B" attempt to politically fix the suffering of "X." Franklin Delano Roosevelt arranged things differently when he looked at the problem of the "forgotten man." FDR and the New Deal philosophy assigned the "forgotten man" the variable "X." So the "forgotten man" is either "C" who gets left out of socio-economic reforms or the suffering citizen "X." Shales tends to side with Professor Sumner who argued that "C" is the true "forgotten man" and addends that "A," "B," "C," and "X" could equally benefit exponentially by simply bolstering free markets.

The question of who the "forgotten man" was in America’s greatest hour of need was critical for the administrations that formed policy to counteract the effects of the Great Depression. History played out that "X" was the individual that the government should intervene for and intervene it did. Shales writes this intervention although morally heroic came with costs that ultimately outlasted its benefit.

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Article Author: James O'Neil

James O'Neil is a book reviewer and blogger. He has been a Blogcritics contributor since 2005.

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