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936 pages, Paperback
First published January 1, 1999
It was the people who suffered in the Great Depression that receive [the author's] primary attention, and more of them did suffer, and more deeply, and longer, than has been generally assumed. Southern white sharecroppers averaged an annual cash income of $350, black sharecroppers $294. At wages of $1 a day miners subsisted on a diet suggesting that of domestic animals. Emaciated children who never tasted milk wandered the streets, some shoeless in winter, too poorly clad to go to school … More surprising than the people's despair was their prevailing submissiveness … Much more common than rebellion among Americans of those years was a sense of shame and loss of self-respect. Year after year of depression went by with little or no sign of the recovery promised by politicians.
"A heightened sense of class consciousness did emerge in the United States in the Depression years, but it was of a stubbornly characteristic American type … A poll in 1939 revealed that workers had few illusions about their situation. Fully half of the respondents identified themselves as belonging to the lower or lower-middle income categories. But when asked to which social class they belonged, 88 percent replied "middle". Those opinions suggested that workers realistically appraised their economic circumstance but also clung to their faith in an inclusive, egalitarian democracy and to the hope for social mobility. Even in the midst of the country's greatest depression, for millions of working-class citizens the American dream had survived."
Hoover would have none of it. Despite Mellon’s towering prestige and imposing weight of the conventional wisdom that he represented, Hoover believed “that we should use the powers of government to cushion the situation.” (Page 52, and according to the footnote this is quoted from Hoover’s memoirs.)
When the war brought recovery at last, a recovery that inaugurated the most prosperous quarter century America has ever known, it brought it to an economy and a country that the New Deal had fundamentally altered. Indeed, the achievements of the New Deal years surely played a role in determining the degree and the duration of the postwar prosperity. (Page 363)
“Who could have predicted that the nation that had repudiated the League of Nations in 1920 would emerge as the foremost champion of the United Nations a generation later? That the Congress that had passed five neutrality statutes in the 1930s would vote overwhelmingly to make the United States a charter member of the North Atlantic Treaty Organization in 1949? That the country that had so reluctantly armed itself in 1941 would become a virtual garrison state in the postwar decades? ... Who could have foretold that the nation that had flintily refused to cancel the Europeans’ war debts in the 1920s would establish the World Bank in 1945 and commit $17 billion to the Marshall Plan in 1948? That the country that had embraced the Fordney-McCumber and Smoot-Hawley tariffs would take the lead in establishing the General Agreement on Tariffs and Trade, and later the World Trade Organization? That the government that had torpedoed the London Economic Conference in 1933 would create the International Monetary Fund in 1944? That isolationist America would step forward to midwife the European Union, another war baby whose maturation muted centuries of old-world rivalries and symbolized the international regime that by the century’s end came to be called ‘globalization’?”