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10 Mar 09

Will This Crisis Produce a 'Gatsby'? - WSJ.com

  • Anderson had anticipated anger and radicalism among the poor and unemployed. Instead, he discovered a people stunned by the collapse of their most cherished beliefs. "Puzzled America," the title of the book he composed out of his journeys, said it all.
  • Never in American history had the vision of social mobility been more forcefully asserted than in the 1920s. And rarely had the image been so far out of keeping with reality. The Republican Party, which dominated national politics throughout the decade, extolled the twin virtues of economic competition and personal ambition
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