The Journal of Southern History, May 1st, 2004
Rethinking the Great Depression. By Gene Smiley. The American Way Series. (Chicago: Ivan R. Dee, c. 2002. Pp. xii, 179. $24.95, ISBN 1-56663-472-5.)
Gene Smiley's Rethinking the Great Depression is a book-length essay that seeks to distill for nonspecialists recent scholarship on the causes of the Great Depression and the reasons for its seventy and duration. It also puts forth a revisionist critique of the system of activist government that emerged out of the 1930s. No longer, Smiley insists, is it possible to argue that the Great Depression demonstrated "the instability of market economies ...
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