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False Dawn: The New Deal and the Promise of Recovery, 1933-1947
George Selgin
Page: 384
Format: pdf, ePub, mobi, fb2
ISBN: 9780226832937
Publisher: University of Chicago Press

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A definitive history of the United States’ recovery from the Great Depression—and the New Deal's true part in it. FDR’s New Deal has long enjoyed a special place in American history and policy—both because it redefined the government’s fundamental responsibilities and because Roosevelt’s “bold experimentation” represented a type of policymaking many would like to see repeated. But “the thing about bold experiments,” economist George Selgin reminds us, “is that they often fail.” In False Dawn Selgin draws on both contemporary sources and numerous studies by economic historians to show that, although steps taken during the Roosevelt administration’s first days raised hopes of a speedy recovery from the Great Depression, instead of fulfilling those hopes, subsequent New Deal policies proved so counterproductive that over seventeen percent of American workers—more than the peak unemployment rate during the COVID-19 crisis—were still either unemployed or on work relief six years later. By distinguishing the New Deal’s successes from its failures, and explaining how the U.S. finally managed to lay the specter of mass unemployment to rest, Selgin draws salient lessons for dealing with future recessions.

James Madison Program in American Ideals and Institutions
False Dawn: The New Deal and the Promise of Recovery, 1933–1947" (University of Chicago Press, April 2025). We investigate how the United .
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unpacks the myths and realities of FDR's New Deal through the lens of his book, False Dawn: The New Deal and the Promise of Recovery, 1933–1947 (University .
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George Selgin: False Dawn: The New Deal and the Promise of Recovery, 1933–1947. Shawn Kantor. Book Review 10 May 2025. From the editor. Charles Steindel.
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In this insightful conversation, Selgin unpacks the myths and realities of FDR's New Deal through the lens of his book, False Dawn: The New Deal .
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A definitive history of the United States' recovery from the Great Depression—and the New Deal's true part in it .
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False Dawn. The New Deal and the Promise of Recovery, 1933-1947. von. Selgin . His most recent book is The Menace of Fiscal QE. Weitere Produkte von .