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Frederick Lewis Allen (July 5, 1890 Boston, Massachusetts - February 13, 1954 New York City) was the editor of Harper's Magazine and also notable as an American historian of the first half of the twentieth century. His specialty was writing about what was at the time recent and popular history. His best-known book was Only Yesterday, a book chronicling American life in the 1920s. (wikipedia.org)
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.
The New York Timesbestselling history of the first half of the twentieth centuryfive decades that transformed Americafrom the author of Only Yesterday. During the first fifty years of the twentieth century, the United States saw two world wars, a devastating economic depression, and more social, political, and economic changes than in any other five-decade period before. Frederick Lewis Allen, former editor of Harper's magazine, recounts these yearsspanning World War I, the Progressive Era, the Great Depression, World War II, and the early Cold Warin vivid detail, from the fashions and customs of the times to major events that changed the course of history. Politically, the United States grew into its own as a global superpower during these years, even as domestic developments altered the everyday lives of its citizens. The introduction of the automobile, mass production, and organized labor changed the way Americans lived and worked, while innovations like penicillin and government regulation of food safety contributed to an increase in average life expectancy from forty-nine years in 1900 to sixty-eight years in 1950. With the development of a strong, centralized government, a thriving middle class, and widespread economic prosperity, the nation emerged from the Second World War transformed in virtually every way. Richly informative and delightfully readable, The Big Change is an indispensable volume charting the many changes that ushered in our contemporary age.
"Vividly and with great skills he marshals the men, the mountebanks, the measures, and the events of ten years of American life and causes them to march before us in orderly panathenaic procession."--Saturday Review
Frederick Lewis Allen was one of the pioneers in social history
Frederick Lewis Allen was one of the pioneers in social history
Written in 1931, this new instalment in the 'Wiley Investment Classics' series offers a well-written historical and anecdotal account of the volatile stock market of the 1920s.
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