Prologue
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 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.
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