New Releases by Frederick Lewis Allen

A “wonderfully written account of America in the ’30s,” the follow-up to Only Yesterday examines Black Tuesday through the end of the Depression (The New York Times). Wall Street Journal Bestseller Opening on September 3, 1929, in the days before the stock market crash, this information-packed volume takes us through one of America’s darkest times all the way to the light at the end of the tunnel. Following Black Tuesday, America plunged into the Great Depression. Panic and fear gripped the nation. Banks were closing everywhere. In some cities, 84 percent of the population was unemployed and starving. When Franklin D. Roosevelt took office in 1933, public confidence in the nation slowly began to grow, and by 1936, the industrial average, which had plummeted in 1929 from 125 to fifty-eight, had risen again to almost one hundred. But America still had a long road ahead. Popular historian Frederick Lewis Allen brings to life these ten critical years. With wit and empathy, he draws a devastating economic picture of small businesses swallowed up by large corporations—a ruthless bottom line not so different from what we see today. Allen also chronicles the decade’s lighter side: the fashions, morals, sports, and candid cameras that were revolutionizing Americans’ lives. From the Lindbergh kidnapping to the New Deal, from the devastating dust storms that raged through our farmlands to the rise of Benny Goodman, the public adoration of Shirley Temple, and our mass escape to the movies, this book is a hopeful and powerful reminder of why history matters.

A “stimulating” account of the capitalists who changed America in the late 19th and early 20th centuries, setting the stage for the 1929 crash and Great Depression (Kirkus Reviews). In the decades following the Civil War, America entered an era of unprecedented corporate expansion, with ultimate financial power in the hands of a few wealthy industrialists who exploited the system for everything it was worth. The Rockefellers, Fords, Morgans, and Vanderbilts were the “lords of creation” who, along with like-minded magnates, controlled the economic destiny of the country, unrestrained by regulations or moral imperatives. Through a combination of foresight, ingenuity, ruthlessness, and greed, America’s giants of industry remolded the US economy in their own image. They established their power and authority, ensuring that they—and they alone—would control the means of production, transportation, energy, and commerce—creating the conditions for the stock market collapse of 1929 and the Great Depression that followed. As modern society continues to be affected by wealth inequality and cycles of boom and bust, it’s as important as ever to understand the origins of financial disaster, and the policies, practices, and people who bring them on. The Lords of Creation, first published when the catastrophe of the 1930s was still painfully fresh, is a fascinating story of bankers, railroad tycoons, steel magnates, speculators, scoundrels, and robber barons. It is a tale of innovation and shocking exploitation—and a sobering reminder that history can indeed repeat itself.

Here, for the first time in one volume, are Frederick Lewis Allen''s two classic studies of America in the early decades of the twentieth century. Only Yesterday and its sequel, Since Yesterday, are a look at the events, the personalities, the politics, and the manners and morals of the nation during a significant and turbulent era in history. Only Yesterday has been called "the best account of all that happened in the United States during the wonderfully wacky 1920s." It deals with that delightful decade from the Armistice in November 1918 to the panic and depression of 1929-30. Here is the story of Woodrow Wilson''s defeat, the Harding scandals, the Coolidge prosperity, the revolution in manners and morals, the bull market and its smash-up. Allen''s lively narrative brings back, revitalized and freshly interpreted, an endless variety of half-forgotten events and fashions, crazes and absurdities. He neglects neither the play of political, social, and economic forces in American life nor those tremendous trifles which immediately concerned ordinary people the significance of short skirts, Eskimo pies, flagpole sitting. Since Yesterday, which is as gracefully written as its predecessor, picks up where the first book ends. Recapping the period of feverish stock market activity that preceded the Crash of 1929, it goes on to look at what happened in the decade that followed, from September 3, 1929, to September 3, 1939. Allen examines the Depression, the election of Franklin D. Roosevelt and the beginning of the New Deal, the Dust Bowl, the way Americans worked (and didn''t work), how they played. He covers the fashions of the times, gangsterism, politics, unions, Hollywood, and a great deal more.

"In this book, we are taken on a tour of twelve rooms, each representative of a significant period on America''s artistic past...we see not only the rooms, but the history, attitudes and biases, the entertainments and amusements, the architecture, the furniture style, and the mode of dress that characterise each period." -- Back cover.

A survey of major changes in American life and ideas during the first half of the twentieth century, focusing on economic expansion and its influence on the American standard of living, thinking, and citizenship.