The Great Depression: A Diary

The Great Depression: A Diary

The Great Depression A Diary When the stock market crashed in Benjamin Roth was a young lawyer in Youngstown Ohio After he began to grasp the magnitude of what had happened to American economic life he decided to set down

  • Title: The Great Depression: A Diary
  • Author: Benjamin Roth James Ledbetter Daniel B. Roth
  • ISBN: 9781586489014
  • Page: 185
  • Format: Paperback
  • When the stock market crashed in 1929, Benjamin Roth was a young lawyer in Youngstown, Ohio After he began to grasp the magnitude of what had happened to American economic life, he decided to set down his impressions in his diary.This collection of those entries reveals another side of the Great Depression one lived through by ordinary, middle class Americans, who on a daWhen the stock market crashed in 1929, Benjamin Roth was a young lawyer in Youngstown, Ohio After he began to grasp the magnitude of what had happened to American economic life, he decided to set down his impressions in his diary.This collection of those entries reveals another side of the Great Depression one lived through by ordinary, middle class Americans, who on a daily basis grappled with a swiftly changing economy coupled with anxiety about the unknown future Roth s depiction of life in time of widespread foreclosures, a schizophrenic stock market, political unrest and mass unemployment seem to speak directly to readers today.

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      Published :2020-01-22T17:16:55+00:00

    781 Comment

    I suspect there are few people who will love this book as much as I did. It is essentially a financial affairs diary kept by an attorney living in Youngstown, Ohio during the Great Depression. As an attorney with a thirsty interest in investment theory and an indecent obsession with all things Great Depression, this book was really right up my alley.What made this book remarkable was the author's uncanny insight into investment theory. Over the course of a single decade -- the 1930's -- he singl [...]

    So torn about this book. It's such a wonderful concept, and it covers ten years of U.S./world events during the Great Depression. Because it was a man's recounting of what he observed and how he felt about economic events, there wasn't a lot of "meat" to the book. There wasn't much compelling me to finish it, but I did just to see if more of a personal narrative developed. He points out some very good ideas about how to stay above water during a financial crisis, for example always having some l [...]

    Who would have thought that cash was trash during a depression? Well it is if you can't get it out of the bank. People sold their passbook savings accounts for 60¢ on the dollar! Government bonds were the only useful form of liquid purchasing power. A fantastic account.

    Reading historical diaries is important for internalizing how uncertain reality is. Read and internalize this! It is likely that a new depression or at least 2008 will happen in your lifetime so be prepared for the randomness such events entail.Reading this book Benjamin Roth quickly earns your respect as a level headed observer. None the less - time after time he gets things wrong. For some time he thought the depression would only last for a year or two. Time after time he finds a great invest [...]

    I found this a fascinating read - mostly. There are entries that perhaps would have been better left out and they bordered on tedious. I find books about the Depression tend to fall into 2 categories: the black and white image of depressed poverty or the glories of the New Deal. This book is the life of one man. Just a guy who ponders what the heck is going on. I never tire of seeing the ways history repeats itself and Roth does a fine job of pointing that out.

    I admit this book was hard to finish. It is a diary without a plot. At times it gets old. But the subject matter was very interesting. I was fascinated by the questions raised as they are the same questions many of us are asking today. If you are interested in this period of time this is worth reading.

    During the great depression, banks fearing a bank run held onto their deposits. So if you had money in the bank, you couldn't withdraw it! People were selling their bank pass books for 60 cents on the dollar in order to get their hands on cash. Real estate investors with hotels and other buildings tore down the structures; this is so that they could lower the assessed value and afford the property tax payments. Work for all types of people including lawyers dried up. Stocks took a beating and di [...]

    This book not only brings you into the world of the Great Depression, it is also a real-world testament and reminder to some widely known but often forgotten truths: you can't time the market top, you can't pick the market bottom, most predictions are wrong, buying stocks on leverage is not a great idea, you will lose money if you speculate, having cash around waiting for great opportunities is probably not a bad idea, and anything can happen so you should be prepared [for the downside].

    I was disappointed that it didn’t include more stories of life during the depression. A repetitive diary account of the status of the stock market. The investment hindsight to buy low and sell high was not insightful, but after reading this book I was motivated to increase my cash reserves.

    Very good about 1/2 of the book, creates a unique frightening atmosphere. Than repeats itself.My full review (in Ukrainian) is heresimeinyi-budzhet/investmen

    MehInteresting initially, but quickly became repetitive. Still, probably worth a quick perusal for those interested in the depression. Very poor predictor of election outcomes. Hah.

    Interesting to see the depression over time especially pertaining to the stock market. Started to drag on towards the end, with similar journal entries almost repeated.

    Gives you a great insight not only into Great Depression but also generally into USA and even world history between 1920s and World War II.

    (4.5) Excellent read, a first-hand account of the Great DepressionA few interesting things about this:* written by a lawyer (as opposed to manual laborer or a tycoon, perspectives more commonly represented)* fairly dispassionate (well, he is a lawyer ;) ): without much reference to his own situation, Roth reports on the state of national elections, the stock market, local business, inflation rumors etc so it's not a depressing account of how miserable he and those around him were. It's more a re [...]

    I am enjoying this book on my Kindle DX. As I read I think the narrative is today's story. Some cute quotes follow: [Insurance? No loans!:] It is the old story of lending you an umbrella when the sun is shining and then demanding it back when it rains.- Note Loc. 674-75[The socialist party is eating this up!:] People who are ordinarily moderate predict freely that if things do not get better very soon we will have a revolution in the U.S.A. and some form of Communism or dictatorship.- Note Loc [...]

    A great real-time walk through of the emotions that gripped the country during the Great Depression.Roth mixes the personal with the local with wider events as they occur. This is complemented by the editors commentary describing the wider political and economic events of the day. Certainly a worthy companion to those looking for some understanding of what happened during the 'Great Recession / credit crunch' of 2008 - 2012 and counting. Given how bad things were in the 1930's, it gives a signif [...]

    An extraodinary observation of the depression through the eyes of an ordinary citizen caught up in the thick of it all. Roth records economic events as they occur on an incremental basis and then we realise he becomes deeply immersed and caught up and deeply affected by the crisis. He has gone to the trouble of researching earlier economic events and to also include Government attempts to mitigate the problems and the cause and effect of these policies. He describes how people around him reacted [...]

    I enjoyed this book a lot. That said, it's best read by someone who can skim well. It is repetitive in parts and, depending on your interest, parts may be very boring for you. The good: It's a fascinating slow-motion look at how the Great Depression unfolded in the USA, from the vantage point of a professional Midwesterner. His observations about what's happening to currency, employment, local stores, other professionals, real estate, all (for me) fascinating. I feel like I learned a whole lot. [...]

    This is the edited diary of a lawyer in Youngstown, Ohio that he compiled from 1931 to 1941. It has a good deal of information for someone interested in the Depression, but Roth's story is unlike most other depression diaries. First, Roth was very well educated, so he spends a lot of time focusing on things your average poor worker wouldn't focus on. For example, most of the information he covers is on financial plans, economic theory and stories about acquaintances who lost everything in the st [...]

    "For 10 years I have longed for normalcy but it does not seem so destined. My generation has already lived through war, boom and panic, but evidently we still have some excitement ahead of us." -- from the diary of Benjamin Roth, September 12, 1939.Benjamin Roth was a young lawyer in Youngstown, Ohio when the Great Depression broke out. In 1931, he began keeping a diary, recording the economic chaos around him and trying to make sense of it. His story is dry, dispassionate, and fascinating.I can [...]

    This book does an excellent job of discussing what it was like to live through the Great Depression from the eyes of a businessman (actually a lawyer). Typically, most accounts focus on farmers, factory workers or the unemployed. While it was largely impersonal (Roth did not discuss much of his own life outside of how poorly the legal profession generally was)it was still a very enlightening story.Roth regularly quoted economic statistics and stock prices, which gave some financial color to the [...]

    This book was recommended as a book of the week on Consuela Mack's Wealthtrack show on my local PBS station. Benjamin Roth was a lawyer with a sole proprietorship practice in Youngstown, Ohio and the sole provider for his young family. He kept a diary about the hard times and the developments as a way to understand and to learn from it. This book feels so current as he writes about his own worries about cashflow and bewilderment about government policies. These are real concerns for us today: ha [...]

    I read the book The Great Depression: A Diary by Benjamin Roth. I did not like this book. The book went from one topic to the next and it was very hard to follow. I also didn't like that there were no characters. Having characters would give you a better understanding for what people went through during the great depression. Even when the author discussed the stock market crash and people losing their money it would have had more of an impact if it was based on real characters. I would have like [...]

    The Great Depression took place during the 1930s. The timing of the Great Depression varied across nations; however, in most countries it started in 1929 and lasted until the late 1930s. The Youngstown, OH lawyer that kept the economic diary that is the basis of the book did not know it was The Great Depression until it was well under way for a few years and did not know it was over until the US was in WW II, and even then the threat lingered. So, this memoir is a very human recollection of thes [...]

    This is a fascinating diary of a lawyer in Youngstown OH during the Great Depression. It is a riveting read and a great way to experience life in the 1930's. It is hard to understand how long and depressing it was - 1 out of 4 Americans were out of work! The Supreme Court was busy overturning the New Deal's encroachments on the constitution, the markets were totally unpredictable and totalitarianism was rising in Europe.Benjamin Roth a veteran of WWI describes his life and notes the downs and do [...]

    As a read it is three stars; for me personally, in terms of making me think (and shudder) definitely four to five stars.Heard about this book on some podcast and was intrigued. Picked it up finally from the library, and began the experience of realizing how little I know about American history and more specifically what went on during the years of the Great Depression (beyond the WPA project results, which is mainly how I, biased as I am by my arts education, thinks of those years).Stunning for [...]

    Very interesting "ground level" account of the depression form the point of view of a lawyer with a family living in Ohio. In contrast to the typical academic ivory tower and rear-view telescope analysis with struggling people depicted as "unemployment" statistics" or lack of essentials and no cash to buy things as " monetary constriction", Roth's frequent journal entries depict his attempt to figure out just why things were the way they were and people's real struggles with an uncertain present [...]

    For those who think that 2008 crisis was special - please read historical recollections like this. Every time a cycle of boom and bust repeats itself, it's an integral part of capitalistic system. It's ironic how events back then rhyme with GFC:Public opinion turned sharply against bankers - Senate often did hearings with bank heads and some were jailed. Mistrust in banks reaches highs, it's hard to rent a deposit box. There's no money in circulation, nobody os able/willing to pay on cash and ch [...]

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