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The New Dealers: Power Politics in the Age of Roosevelt

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The New Dealers: Power Politics in the Age of Roosevelt

Paperback(1st Vintage Books ed)

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Paperback(1st Vintage Books ed)
$19.00

View All Available Formats & Editions

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Overview

With scholarly depth and perception this engrossing narrative of 20th-century history sheds new light on both the New Deal and current debate of American industrial policy. Out of portraits of Brandeis, Corcoran, Lilienthal and others comes a book that conveys the true scope of Roosevelt's experiment.

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Product Details

ISBN-13:	9780679747819
Publisher:	Knopf Doubleday Publishing Group
Publication date:	04/26/1994
Edition description:	1st Vintage Books ed
Pages:	432
Product dimensions:	5.50(w) x 8.50(h) x 1.00(d)

	Introduction	xi
I.	Wilsonians
1.	State Capitalism	3
	The Southern Society of New York	3
	"A Statesman Grafted Upon a Promoter"	10
	The Two-thirds Rule	21
2.	State Cartelism	32
	The War Managers on the Farm	32
	President Hoover	43
II.	Businessmen
3.	The Credit Revolution	59
	Houston	59
	New Capital	70
	The Emperor Jones	83
4.	Raising Prices	96
III.	Lawyers
5.	"Isaiah," Zion and Democratic Development	109
6.	Disinterested Politics	123
7.	The Fixer	138
8.	The War Against Wall Street	157
9.	Public Investment	177
10.	Making America Over Again	195
	"People's Lawyer"	195
	"White Coal"	202
	"A.E.": Honesty, Contumacy and Democracy	216
	EHFA: Consumer Credit	235
IV.	Texans
11.	Rural America's Champion	249
12.	Politics and Projects	264
13.	The Last Brandeisian	285
V.	New Dealers Abroad
14.	New Deal Earth and Money Mover	297
	How the West Was Built	297
	"Dreamers With Shovels": The New Dealers at War	308
	The Exportable New Deal	324
	Afterword: Development's Contraction	343
	Acknowledgments	351
	Unpublished Sources	353
	Notes	357
	Index	399

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Editorial Reviews

"A timely reminder that the debate over federal economic policies that took shape during the Great Depression has considerable relevance to the choices we face today." — Newsday

"A significant contribution both to New Deal scholarship and contemporary policy debates." — New Republic

From the Publisher

Sure to be widely debated, this radical reappraisal of the New Deal argues that New Dealers created new markets in underdeveloped regions of the U.S.--especially the South and West--by weakening the Northeast's control of capital. Schwarz, a historian at Northern Illinois University and the author of books on Bernard Baruch and Herbert Hoover, credits FDR's New Deal with expanding state capitalism and building the modern middle class. His challenging study unfolds as a group portrait, beginning with sketches of Baruch, Hoover and William McAdoo, who in 1917-1918 ``brought into being a previously unimagined state capitalism for expansion.'' He then focuses on 12 New Dealers, among them Louis Brandeis, David Lilienthal and a trio of Texans--Sam Rayburn, Wright Patman and LBJ--who championed regional development. Schwarz contends that New Deal-style state capitalism would succeed today, had it not been derailed by inflation and waste from the Vietnam War, and by Reagan's deregulation and his policies favoring the rich. (Apr.)

Publishers Weekly - Publisher's Weekly

Schwarz ( The Speculator , LJ 6/1/81, and Liberal , LJ 11/15/87, about Bernard Baruch and Adolph Berle, respectively) turns a biographer's lens upon the New Deal in 14 sketches of those who had a role in the era's revolution in public investment. He aims to expand the New Deal's very definition, arguing that historians emphasizing social welfare slight a legacy of state capitalism shaped by such careers as the Reconstruction Finance Corporation's Jesse Jones; the Tennessee Valley Authority's David Lilienthal; and dealmakers like Sam Rayburn and Henry Kaiser, who were instrumental in developing the South and West. Schwarz's book, as the New Deal itself, is fresh and bold, less heedful of order and structure than intent upon breaking new ground. His goal is a reinterpretation of the age and, more, an assertion for today of the power and good of government as an agent of economic growth and transformation. More purposeful than Katie Louchheim's Making of the New Deal ( LJ 2/15/83) and Joseph Lash's Dealers and Dreamers ( LJ 6/1/88), Schwarz's book will be widely debated. Highly recommended for all academic and many public libraries.-- Robert F. Nardini, North Chichester, N.H.

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