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- A fascinating read into the history that gave the rise to Reagan-ism. I read it more for the life of the president rather than his politics. Having said that, here are some background information that might help others who are too young to understand the rise of Reagan (and before I begin, remember that the world is never black and white. Things change, with it, party position change and people's thinking change):
- In early 1920s, Coolidge rose prominently into power. 20s was widely romanticized as a decades of wealth (hence, terms like Roaring 20s, or in political-talk, the "Coolidge Prosperity" were coined)
- In late 1920s, signs of economic stress was widely seen: even before the stock crash, as Reagan noted in the book, mid-west was already experiencing strains in economics. The problem lies in the excess debt the private sector - particularly individuals as well as companies - took to "keep up with the Joneses"
- Coolidge's VP Hoover was elected as Coolidge's successor, stock market crashed shortly after (no relations). Initially the public didn't see it as a big issue, as they believed - just like Hoover believed - "prosperity is just around the corner". But prosperity never came, the new catchphrase became "Brother Can You Spare a Dime"
- FDR was elected after Hoover (in an election, at the time, seemed like was a close race but result is anything but). FDR came from a wealthy family and a political dynasty (his cousin Theodore Roosevelt was the 26th US president. And - ironically - now probably more known for "Teddy Bear" that was named after him than anything else (personally, I much to be remembered as a adorable stuffed animal than something nonsensical: Samuel Adams, a founding father of America, is now a beer))
- FDR campaigned on a platform - ironically enough to be seen later on - to reduce government deficit and to "balance the book". FDR was very heavily anti-welfare (again, ironic to write now). However, the urgency of collapse of the economy made him quickly change course. He began wide array of agencies that is later known as "alphabet soup" agencies. Such agencies is simply a way for the government to find a reason to give money to people. In this phase of time, government became much bigger than before as a means to provide more bureaucratic jobs to people
- FDR wanted the US to join the war, but the scars US felt after WW1 led US firmly believed in self-isolationism. Pearl Harbor broke out, FDR led the US into war. This action expanded government power even more. Goods were rationed and prioritized for war-effort. Technocrats were employed to direct the flows of goods
- Post WW2, while the Europe was in shambles, the US quickly began filling the void of lack of industrial productivity in Europe (since its own industries never was affected much by any attack in the US mainland soil). Marshall plan was signed, and America quickly went into hyperdrive delivering goods to Europe. Standard of living in America post war grew steadily. However, the legacy of big government steaming from the FDR days to war-time days endured
- As more people grapple with the post-war reality, many former FDR believers (Reagan being one of them. In fact, in his book, Reagan repeatedly affirmed his affection towards FDR) began wondering if big government is still necessary. Since the economy was much better than the 30s and war is no longer around for technocrats to make much sense
(And then enters Reagan)
- In early 1920s, Coolidge rose prominently into power. 20s was widely romanticized as a decades of wealth (hence, terms like Roaring 20s, or in political-talk, the "Coolidge Prosperity" were coined)
- In late 1920s, signs of economic stress was widely seen: even before the stock crash, as Reagan noted in the book, mid-west was already experiencing strains in economics. The problem lies in the excess debt the private sector - particularly individuals as well as companies - took to "keep up with the Joneses"
- Coolidge's VP Hoover was elected as Coolidge's successor, stock market crashed shortly after (no relations). Initially the public didn't see it as a big issue, as they believed - just like Hoover believed - "prosperity is just around the corner". But prosperity never came, the new catchphrase became "Brother Can You Spare a Dime"
- FDR was elected after Hoover (in an election, at the time, seemed like was a close race but result is anything but). FDR came from a wealthy family and a political dynasty (his cousin Theodore Roosevelt was the 26th US president. And - ironically - now probably more known for "Teddy Bear" that was named after him than anything else (personally, I much to be remembered as a adorable stuffed animal than something nonsensical: Samuel Adams, a founding father of America, is now a beer))
- FDR campaigned on a platform - ironically enough to be seen later on - to reduce government deficit and to "balance the book". FDR was very heavily anti-welfare (again, ironic to write now). However, the urgency of collapse of the economy made him quickly change course. He began wide array of agencies that is later known as "alphabet soup" agencies. Such agencies is simply a way for the government to find a reason to give money to people. In this phase of time, government became much bigger than before as a means to provide more bureaucratic jobs to people
- FDR wanted the US to join the war, but the scars US felt after WW1 led US firmly believed in self-isolationism. Pearl Harbor broke out, FDR led the US into war. This action expanded government power even more. Goods were rationed and prioritized for war-effort. Technocrats were employed to direct the flows of goods
- Post WW2, while the Europe was in shambles, the US quickly began filling the void of lack of industrial productivity in Europe (since its own industries never was affected much by any attack in the US mainland soil). Marshall plan was signed, and America quickly went into hyperdrive delivering goods to Europe. Standard of living in America post war grew steadily. However, the legacy of big government steaming from the FDR days to war-time days endured
- As more people grapple with the post-war reality, many former FDR believers (Reagan being one of them. In fact, in his book, Reagan repeatedly affirmed his affection towards FDR) began wondering if big government is still necessary. Since the economy was much better than the 30s and war is no longer around for technocrats to make much sense
(And then enters Reagan)