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Written in 1931, this new installment in the Wiley Investment Classics series offers a well-written historical and anecdotal account of the volatile stock market of the 1920s. It traces the rise of post World War I prosperity up to the crash of 1929 before a colorful backdrop that includes Al Capone, Prohibition, the first radio, and the rise and fall of the skirt length.
- Sales Rank: #1976970 in Books
- Published on: 1997-09-08
- Released on: 1997-08-25
- Original language: English
- Number of items: 1
- Dimensions: 8.76" h x 1.03" w x 5.79" l, .87 pounds
- Binding: Paperback
- 304 pages
- ISBN13: 9780471189527
- Condition: Used - Very Good
- Notes: 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold!
Review
''A perfectly grand piece of historical record and synthetic journalism.'' --Chicago Daily Tribune
''A style that is verve itself . . . Besides telling the story of the bull market in fine perspective, Mr. Allen presents the first coherent account that we have seen of the oil scandals that will eventually make the Harding regime match that of President Grant's and the Crédit Mobilier story in the history books of the future.'' --New York Times
''(Narrator) Grover Gardner's reading, with its slightly ironic tone, is effective as he describes the post World War I decade . . . The quality of the sound is excellent, and the reading is well paced and clear.'' --Library Journal
From the Publisher
Originally published in 1931, soon after the era ended, this preprinted edition is still considered a classical account of the 1920s. Beginning with the end of World War I (November 11, 1918) on through to the stock market crash on November 12, 1929 and the ensuing Great Depression, the author provides a well-written history of the times. Some of the events of the day included are: Al Capone and Prohibition, scandals surrounding then president Harding, growth of the automobile industry, the first radio, and the "scandalous" rise of skirt hemlines.
From the Inside Flap
Only Yesterday Hailed as a classic even when it was first published in 1931, Only Yesterday remains one of the most vivid and precise accounts of the volatile stock market and the heady boom years of the 1920’s. A vibrant social history that is unparalleled in scope and accuracy, it artfully depicts the rise of post—World War I prosperity, the catalytic incidents that led to the Crash of 1929, and the devastating economic decline that ensued—all set before a colorful backdrop of flappers, Al Capone, the first radio, and the "scandalous" rise of skirt hemlines. Now, this mesmerizing chronicle is reintroduced to offer readers of today an unforgettable look at one of the most dynamic periods of America’s past. With a novelist’s eye for detail and a historian’s attention to the facts, Frederick Lewis Allen tells a story that will ignite your imagination as its rich pageant of characters and events comes alive. Peppering his narrative with actual stock quotes and financial news, Allen tracks the major economic trends of the decade and explores the underlying causes of the Crash. Here are fresh accounts of Harding’s oil scandals and the growth of the automobile industry, as well as the decline of the family farm, the Coolidge prosperity, and the long bull market of the late twenties. Allen’s virtual hour-by-hour account of the Crash itself, told from multiple perspectives with mounting suspense, is as gripping as anything you are likely to read in fiction. In addition to his power as a storyteller, Allen was a living witness to the events he describes; there is a thrilling you-are-there feeling about the unfolding history. After a brief "return to normalcy" following the War, the pace of life in America quickly escalated to a full gallop. New forces were being unleashed: prosperity with serious inflation, larger-than-life figures such as J. Pierpont Morgan and Henry Ford, and the Big Red Scare of the early twenties. Allen documents the new inventions, fads, and scandals as they affected the daily life of the country, including the impact of Freud and Einstein, Prohibition and Al Capone, Babe Ruth and Jack Dempsey, the trial of Sacco and Vanzetti, and the shocking changes in manners and morals. In Only Yesterday we hear America talking to itself from coast to coast, furiously debating its own rapidly evolving destiny. An engaging narrative that describes the harried, often tumultuous events of Wall street in the twenties, as well as the infectious spirit of the times, Only Yesterday is not only a compelling account of years gone by, but a true classic that will be appreciated for years to come.
Most helpful customer reviews
2 of 2 people found the following review helpful.
"History doesn't repeat, but it does rhyme."
By Jim C
"Only Yesterday" has a feel of a modern day writer that climbed into a time machine, traveled back to 1919, lived 10 years in New York, then wrote this book while living in 1929. I expected to drudge through some outdated language, and have to look up items and names that were relevant at the time. What I got was an amazing glimpse into an era that I knew surprisingly little about.
Frederick Lewis Allen had a tremendous knack for picking details that would be relevant almost 100 years later. From the price of basic staple, the the daily routine of the average couple, down to how they start their automobile. Mr. Allen then recaps the politics of the times, moral attitudes, prohibition, "Yes, We Have No Bananas", corruption, foreign affairs, radio, and culminating in a view of the stock market crash of 1929 that proved many of my pre-conceived notions incorrect.
While there is a certain dryness in the early discussion of the politics of the time (no pun intended), everything else draws you in. This was a book that I found very difficult to put down, and intend to go back for another reading, while looking up some of the less familiar references as I go.
The bottom line is that much of the story of the 1920s relates very closely to the events of today. Living wage, gender equality, moral attitudes, stock and real estate speculation are all discussed. And by merely changing a couple of dates and shifting a decimal place here or there, could Mr. Allen be discussing the modern world.
I'm eager to begin Since Yesterday: The 1930s in America, September 3, 1929-September 3, 1939, which currently awaits me on my Kindle.
1 of 1 people found the following review helpful.
Written by first hand account
By tleeminnieme
A wonderfully written book covering the years 1919-1929. It was written in 1930 and published in 1931. It gives a detailed account of the changing social mores, political movements, rich vs. poor elements, race relations and everything that made the 1920's in America such a decade of upheaval.
Allen, the author was a renowned writer for Harpers magazine the the Atlantic Monthly. His nearness to the decade that had just passed gave him incredible insight into the changing society.
He provides plenty of details and background on social morality, the Teapot Dome scandal, labor unrest, Prohibition, high finance and all the popular plays, authors and the new "moving pictures".
It is well written and he is known for "inventing" this style of historical nonfiction writing much as David McCoullough does today. Rather than a history book (as was the norm then), Allen weaves the events of the day into a story that shows cause and effect.
He closes his book, predictably by the time of it publishing in 1930. He had NO IDEA , as he speculated into the future just how deep the Depression would go and the breadth of the apocalypse that would erupt in Europe 5 years later when Hitler took power. He did write a follow up book covering the 1930's.
I highly recommend this book. I got it as a daily deal for $1.99.
1 of 1 people found the following review helpful.
I love that this was written just after the 1920's by ...
By Heather
I love that this was written just after the 1920's by an educated journalist who lived it. This book shows how history repeats itself. People think the problems of today are new...they're not...for example, did you know Wall Street was bombed once? On the trading floor? But yet we think of bomb threats as being a new idea because of terrorists. How quickly we forget history. And the rush up to the stock market crash? There were economists warning about it for so long but their cries were ignored. And the idea of easy credit available for mortgages and the run to buy houses to re-sell at higher values? That's not new...that happened in Florida during 1928. And people's homes were foreclosed and they lost...just like in 2009. The book is well-written, I appreciate the author's wit and knowledge of the decade. It gets a little long-winded in some areas but that is excusable. The writing helps you imagine a general idea of what the decade was like to live through and not necessarily from one political viewpoint or another.
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