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In March 1933, in one of his first acts as president, Franklin Delano Roosevelt declared a bank holiday throughout the United States. Considered by many to be a bold step to curb the mounting bank crisis, the decree closed banks in all 48 states and overseas territories, putting money out of reach of citizens, businesses and all levels of government. This narrative history recounts and explains the economic, financial and political backgrounds of the banking panic, arguing that the holiday was not only unnecessary but actually damaging to the economy. The holiday did, however, provide Roosevelt with the momentum to push through a series of historic reforms that remade the federal government. This revisionist work not only reveals the circumstances around the panic but debunks numerous myths that have clung to it ever since.
During World War II, French citizens expressed that the German occupiers behaved more "correctly" than the American combat troops who replaced them. In The Struggle for Cooperation: Liberated France and the American Military, 1944–1946, author Robert L. Fuller presents a unique perspective on the relations between France and the United States during the Second World War. Until the summer of 1944, the German Army made real efforts to fare well with the French to make their occupation duties easier. The Americans also tried to get along with the French; however, American GIs were subjected to looser discipline than German soldiers. Most GIs behaved appropriately, but the small number who did...
In Resistance and Liberation, Douglas Porch continues his epic history of France at war. Emerging from the debâcle of 1940, France faced the quandary of how to rebuild military power, protect the empire, and resuscitate its global influence. While Charles de Gaulle rejected the armistice and launched his offshore crusade to reclaim French honor within the Allied camp, defeatists at Vichy embraced cooperation with the victorious Axis. The book charts the emerging dynamics of la France libre and the Alliance, Vichy collaboration, and the swelling resistance to the Axis occupation. From the campaigns in Tunisia and Italy to Liberation, Douglas Porch traces how de Gaulle sought to forge a French army and prevent civil war. He captures the experiences of ordinary French men and women caught up in war and defeat, the choices they made, the trials they endured, and how this has shaped France's memory of those traumatic years.
This narrative history explores the emergence of one of the most influential Nationalist movements of modern Europe. It explains how and why the movement united the far right with the far left in a militant campaign to wrest control of France from the moderate republicans who were attempting to stabilize the country after a century of political volatility. The agitation groups, propaganda machines, street-fighting gangs, and political hustlers, who made up the Nationalists, all campaigned for one end: to overthrow the Third Republic. The eruption of the Dreyfus Affair (1894-1899) provided the Nationalists with a convenient target for their assaults: the "Dreyfusard" defenders of a wrongly convicted Jewish army captain, Alfred Dreyfus. This work, based on original archival research in France, argues that the Nationalists posed a real and dangerous threat that dissipated only when their goals were adopted by more moderate competing groups.
This thoroughly revised edition has been updated to incorporate recent case studies, biographies, syntheses, journal articles and scholarly conferences that appeared in conjunction with the centenary of the outbreak of the First World War in 2014. The original version of this work, published by James Joll in 1984, quickly became established as the authoritative introduction to the subject of the war’s origins. Significantly expanded by Gordon Martel in 2007, this volume continues to offer a careful, clear, and comprehensive evaluation of the multitude of explanations advanced to explain the causes of the cataclysm of 1914, addressing each of the major interpretive approaches to the subject...
The inspiring story of 162 US paratroopers, dropped hopelessly off target, and the French villagers who assisted and supported them.
Rethinking the causes and consequences of Britain's default on its First World War debts to the United States of America The Long Shadow of Default focuses on an important but neglected example of sovereign default between two of the wealthiest and most powerful democracies in modern history. The United Kingdom accrued considerable financial debts to the United States during and immediately after the First World War. In 1934, the British government unilaterally suspended payment on these debts. This book examines why the United Kingdom was one of the last major powers to default on its war debts to the United States and how these outstanding obligations affected political and economic relati...
The Great Depression was a difficult time in American history, and it eventually became an economic crisis that affected the entire world. Readers uncover important facts and enlightening details about the Great Depression, including what caused it, how average Americans dealt with financial hardships during this time, and what programs were created to get Americans back to work. As readers explore the detailed main text, engaging sidebars, and historical images, they gain a deeper understanding of the idea that one event in one country can have a ripple effect over the entire world.
“Read this book. It explains so much about the moment...Beautiful, heartbreaking work.” —Ta-Nehisi Coates “A deep accounting of how America got to a point where a median white family has 13 times more wealth than the median black family.” —The Atlantic “Extraordinary...Baradaran focuses on a part of the American story that’s often ignored: the way African Americans were locked out of the financial engines that create wealth in America.” —Ezra Klein When the Emancipation Proclamation was signed in 1863, the black community owned less than 1 percent of the total wealth in America. More than 150 years later, that number has barely budged. The Color of Money seeks to explain ...