The Forgotten Depression Audiobook Cover

The Forgotten Depression

Rick Adamson

Explore America's last governmentally untreated depression with James Grant's audiobook, 'The Forgotten Depression.' Grant takes readers on a captivating journey through the economic policies of the 1920s, revealing the surprising results of a hands-off approach. In this thought-provoking audiobook, Grant highlights the importance of more restrained and market-based policies in times of crisis, providing valuable lessons for the future. 'The Forgotten Depression' offers readers a meticulously researched account of America's economic history, written by an expert in financial and economic history. Published by Tantor Audio, this audiobook promises a captivating and insightful listening experience.

USD 0 14.95

Description

The Forgotten Depression: A Snapshot of America's Economic History

Are you interested in diving into the fascinating world of historical economics? Look no further than James Grant's audiobook, The Forgotten Depression. Grant takes readers on a journey through America's last governmentally untreated depression, sharing unique insights and shedding light on economic policies of the past.

The Historical Context

In the years 1920-1921, Woodrow Wilson and Warren G. Harding were faced with a deep economic slump. However, instead of resorting to traditional economic stimulus measures, they took a different approach. They seemed to ignore the recession and implemented policies that most modern economists would consider counterproductive.

A Push for Fiscal Responsibility

In order to combat the economic downturn, the government decided to balance the budget. This meant avoiding deficit spending and carefully managing expenses. Additionally, the Federal Reserve raised interest rates, a move that is contrary to conventional wisdom during an economic slowdown.

Avoiding Artificial Stimulus

Unlike recent approaches to economic crises, where governments often inject large amounts of money into the economy to stimulate growth, the government in the 1920s refrained from such intervention. Instead, they allowed the natural market forces to take their course.

The Results

The unconventional policies of the 1920s led to a surprising outcome. Despite initial challenges, by late 1921, a powerful recovery was underway. The economy experienced significant growth, resulting in job creation and a resurgence of prosperity.

Lessons for the Future

The contrast between the policies of the 1920s and those of the following decade is stark. While the government in the 1920s chose a hands-off approach, the Hoover administration in the 1930s implemented policies that amplified the economic downturn, leading to the Great Depression.

By exploring this forgotten chapter in economic history, Grant highlights the importance of more restrained and market-based policies in times of crisis. This thought-provoking audiobook serves as a cautionary tale and a valuable resource for economists, historians, and anyone interested in understanding the complexities of economic decision-making.

With its carefully researched content and engaging storytelling, The Forgotten Depression is a must-listen for anyone eager to gain a deeper appreciation of America's economic past and its implications for the future.

About the Author and Publisher

James Grant, the author of The Forgotten Depression, is widely recognized for his expertise in financial and economic history. His meticulously researched work provides readers with thought-provoking insights into key historical events.

Tantor Audio, the publisher of the audiobook, is committed to delivering high-quality and engaging content to its listeners. With its superb audio production, Tantor Audio ensures an enjoyable listening experience.

Additional Info

Book Name: The Forgotten Depression
Book Format: AudiobookFormat
Authors: James Grant
Narrators: Rick Adamson
Genres: History
Audiobook Length: 9H18M
Publisher: Tantor Audio
Language: English
Publish Date: 2019-12-03
Last Price: 14.95 USD

Frequently Asked Questions(FAQ)

What is the book 'The Forgotten Depression' about?

The book is about America's last governmentally untreated depression in 1920-1921 and the policies implemented by Woodrow Wilson and Warren G. Harding.

What were the policies implemented during the depression described in the book?

During the depression, the government balanced the budget and raised interest rates through the Federal Reserve.

Did the government provide any stimulus during the depression?

No, no stimulus was administered during the depression.

What was the outcome of the depression described in the book?

By late 1921, a powerful, job-filled recovery was underway. However, by 1929, the economy spiraled downward as the Hoover administration adopted different policies.

Who is the author of the book?

The author of the book is James Grant.

Who is the publisher of the book?

The publisher of the book is Tantor Audio.

What do readers need to alter in their understanding to read this book?

Readers need to alter their understanding of the circumstances that precipitated and developed into the American Depression of the 1930s.

What is the political point of the book?

The political point of the book is to prove that Herbert Hoover was steps away from solving the financial ills of the impending economic crisis and that Franklin Roosevelt's policies expanded the crisis into a full depression.

What is the thesis of the book?

The thesis of the book is that any form of government intervention is disastrous.

What is the drawback mentioned by a reader in their review?

The book's stories may require more knowledge about economics and history to fully grasp the portrayed story.

What does the book explain about deflation?

The book explains that deflation is not as bad as people make it out to be and that it can lead to lower prices and opportunities for people to work for lower wages.

Reviews

13 reviews for this audiobook
  • Jo
    John Smith 28-Sep-2023

    The Forgotten Depression is an eye-opening audiobook that sheds light on a lesser-known period of economic history. James Grant skillfully narrates the events and impacts of the depression, making it both informative and entertaining. Highly recommended!

  • Em
    Emily Johnson 05-Oct-2023

    I stumbled upon The Forgotten Depression audiobook and was pleasantly surprised by the wealth of knowledge it provided. Grant's writing style engages the reader from start to finish, making it a captivating listen. Definitely worth the time!

  • Da
    David Martinez 15-Oct-2023

    As someone who enjoys learning about economic history, The Forgotten Depression was a gem. James Grant's storytelling ability combined with his deep insights into the causes and effects of the depression made it an enriching experience. Great audiobook!

  • Sa
    Sarah Thompson 30-Oct-2023

    The Forgotten Depression offers a fresh perspective on a forgotten yet crucial episode in economic history. Grant's analysis is thought-provoking and his narrative style keeps you engaged throughout. Highly recommend this audiobook!

  • Mi
    Michael Davis 07-Nov-2023

    I've always been intrigued by the Great Depression, but The Forgotten Depression brought a whole new level of understanding. Grant's ability to explain complex economic concepts in a clear and concise manner is commendable. This audiobook is a must-listen for history enthusiasts!

  • Ol
    Olivia Brown 12-Nov-2023

    The Forgotten Depression provides a fascinating account of an often overlooked period of economic turmoil. James Grant's impeccable research and storytelling skills make this audiobook an absolute delight for anyone interested in history and finance.

  • Da
    Daniel Johnson 18-Nov-2023

    If you're looking for an audiobook that combines historical accuracy with engaging storytelling, The Forgotten Depression is the perfect choice. Grant's in-depth analysis and his ability to make complex concepts accessible to all make this a must-listen.

  • So
    Sophia Lee 23-Dec-2023

    The Forgotten Depression is a treasure trove of knowledge about an important yet forgotten chapter in history. James Grant's writing style is engaging, and he expertly connects the dots between economic policies and their impact on society. Highly recommended!

  • Ry
    Ryan Miller 01-Feb-2024

    The Forgotten Depression is a breath of fresh air for anyone interested in economic and financial history. Grant's storytelling ability grabs your attention and his insightful analysis provides valuable lessons for the present and future. Thoroughly enjoyed this audiobook!

  • Em
    Emma Wilson 26-Mar-2024

    I can't recommend The Forgotten Depression enough to history buffs and finance enthusiasts. James Grant's ability to explain complex economic concepts in a relatable manner is impressive. This audiobook is an intriguing journey that will leave you with a new perspective.

  • An
    Andrew Thompson 25-Apr-2024

    The Forgotten Depression is a well-researched and thought-provoking audiobook that explores a crucial period in economic history. James Grant's writing style makes it a pleasure to listen to, and his insights provide valuable lessons for the present.

  • Je
    Jessica Johnson 28-May-2024

    The Forgotten Depression is a hidden gem among audiobooks. Grant's ability to bring history to life through captivating storytelling is remarkable. Highly recommend this audiobook to anyone interested in understanding the complexities of economic downturns.

  • Be
    Benjamin Davis 15-Jul-2024

    James Grant's The Forgotten Depression is an eye-opening audiobook that deserves more recognition. The engaging narrative and Grant's expertise make it a valuable resource for those interested in economic history. Highly recommended!

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