The Great Depression A Diary, Benjamin Roth
The Great Depression A Diary, Benjamin Roth
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The Great Depression: A Diary

Author: Benjamin Roth, James Ledbetter, Daniel B Roth

Narrator: Mike Chamberlain

Unabridged: 12 hr 25 min

Format: Digital Audiobook Download

Publisher: PublicAffairs

Published: 01/28/2025

Synopsis

An enlightening and personal daily account of the experience of the Great Depression in the midwest, full of anxieties about the economic future, with powerful echoes for today."Compelling." —New York Times In the early 1920s, Benjamin Roth was a young lawyer fresh out of the army. He settled in Youngstown, Ohio, a booming Midwestern industrial town. Times were good—until the stock market crash of 1929. After nearly two years of economic crisis, it was clear that the heady prosperity of the Roaring Twenties would not return quickly. As Roth began to grasp the magnitude of what had happened to American economic life, he set out to record his impressions in a diary—a document that would grow to span several volumes over more than a decade. Penning brief, clear-eyed notes on the crisis which unfolded around him, Roth struggled to understand the complex forces governing political and economic life, yet he remained eager to learn from the crisis. As he wrote of what is now known as the Great Depression, "To the man past middle life it spells tragedy and disaster, but to those of us in the middle thirties it may be a great school of experience out of which some worth while lesson may be salvaged." Roth's words from that unique time seem to speak directly to readers today. His perceptions and experiences have a chilling similarity to those of our own era. Fearful of inflation and skeptical of big government, Roth yearned for signs of true recovery, and eventually formed his own theories of how a prudent person might survive hard times. The Great Depression: A Diary reveals another side of the Great Depression—one lived through by ordinary, middle-class folks, who on a daily basis grappled with a swiftly changing economy coupled with apprehension about the unknown future.

Reviews

Goodreads review by Chris on February 06, 2019

I read this book as part of a self-imposed homework assignment to learn more about financial history. The book's suggestion came from reading a smaller work by William Bernstein on personal finance. After reading about the dizzying heights of market speculation in "Devil Take the Hindmost" by Edward......more

Goodreads review by Mahesh on December 18, 2018

This classic book is a precious diary (starting in 1931) of a young lawyer, Benjamin Roth, from Youngstown, Ohio. His notes provide a vivid picture into the times of the great depression and the events leading into World War II. The interesting part is that if you were to erase the dates and just re......more

Goodreads review by Chris on April 19, 2025

Read Apr 2025 I enjoyed this read as it feels like we may be entering another market correction / recession / depression with Trump's tariffs, deglobalization, excessive stock-market multiples, demographic challenges, and an unsustainable US debt balance / annual deficit coupled with rising interest......more

Goodreads review by Karl on May 22, 2017

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 resp......more

Goodreads review by Ryan on May 23, 2022

5 stars not necessarily because it's a must-read, but as a thank-you to the author for taking the time. I've really grown to appreciate the power of a thorough journal. History books are filled with 'resulting' and are skewed by the known outcomes. Reading a journal like this does a way better job o......more

Quotes

“Mr. Roth’s diaries … are compelling reading, because they force readers to reflect on both the similarities and the differences between then and now…. We’re all a little like Benjamin Roth, asking questions we don’t know the answer to, and wonder, as he did 70 years ago, whether the crisis is, indeed, over.”—The New York Times

“[Roth’s] entries compellingly detail the everyday.”—Financial Times

“Benjamin Roth has left us a vivid portrait of the Great Depression that is all the more powerful for the similarities and differences with the financial upheavals of today. Roth enables us -- in ways no historian can match -- to immerse ourselves in the sense of despair that Americans of that era felt and their hope that the economy would revive, long before it did. To read the diaries now is both enlightening and chilling.”—Charles R. Morris, The Trillion Dollar Meltdown

“We imagine the Great Depression at two extremes--Franklin Roosevelt's jaunty smile and the haunting images of Dustbowl destitution. But in between were everyday middle class strivers like Benjamin Roth, trying to sort through the wreckage. FDR and the WPA may be long gone but the professional class remains, and the record of its struggle in the Depression has been thin until now. Roth's incisive diaries are more than a precious time capsule. They speak to our economic hopes and fears directly, and to the bewilderment of our own time."—Jonathan Alter, The Defining Moment: FDR’s Hundred Days and the Triumph of Hope

“Here are brief, unsentimental, clear-eyed notes of the growing sense of hopelessness that came over Midwestern American life. This moving book is edited by [Roth’s] son Daniel.”—Spectator Business (UK)

“A fascinating read, and strangely familiar.”—MoneySense

“Roth’s diary is plainly written and professionally edited. It is a window on another age.”—The Seattle Times

“There is an honest searching quality to his day-by-day accounts of banks closing, bread lines forming, friends failing. Striving to understand, he provides a remarkable and often engagingly literate discussion of the great Depression’s impact on people like him.”—Minneapolis Star-Tribune

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