Dealers and Dreamers: A New Look at the New Deal

Pulitzer Prize-winning biographer Joseph Lash's last work is an account of the men and women who helped Roosevelt pull the country out of the Great Depression. When FDR took office in 1933, he set into motion the promise he made when he was first nominated: the New Deal, also called the Roosevelt Revolution, charged the energies and imaginations of some of the most brilliant minds in the country. Lash draws heavily on the private and unpublished papers of Thomas Corcoran and Benjamin Cohen, the two most influential brain trusters of the time, whose policies invigorated the nation and who, independently and together, were driven to promote the social and economic transformations of the thirties.

"This 'new look at the New Deal,' as the book is subtitled,... [is] a history of New Deal legislation, from the banking bill that recast the Federal Reserve System, on through the Public Utility Holding Company Act, the Wagner Labor Relations Act, the Social Security Bill and the creation of the alphabetocracy that, as Mr. Lash believes, helped to shift control of the American economy from Wall Street to Washington... a dual biography of two young New Deal lawyers, Benjamin V. Cohen and Thomas G. Corcoran... a roster of New Deal players Adolph A. Berle, William O. Douglas, Marriner Eccles, Jerome Frank, Leon Henderson, Alger Hiss, Harry Hopkins, Harold Ickes, Hugh S. Johnson, James Landis, Max Lowenthal, Isador Lubin, Raymond Moley, Frances Perkins, Joseph Rauh, Samuel I. Rosenman and Rexford G. Tugwell [and] Harvard Law professor (and later Supreme Court Justice) Felix Frankfurter... the ideological struggle that went on between people like Tugwell, who wanted to plan the economy, and those like Frankfurter and Supreme Court Justice Louis D. Brandeis, who wanted to break up the trusts and restore freedom to the marketplace. Dealers and Dreamers will be valuable to any reader with certain specific questions about the New Deal in mind." Christopher Lehmann-Haupt, New York Times

"Dealers and Dreamers is a fascinating, informative book, indispensable for students of the Roosevelt presidency." Arthur Schlesinger Jr., The New York Review of Books

"The story of how our present-day institutions were created... [Lash's] excellent exploitation of the papers of both Cohen and Corcoran, plus judicious use of interviews, makes this a valuable work." Warren F. Kimball, Los Angeles Times

"Joseph P. Lash's last book is a fitting capstone to a noble career. Dealers and Dreamers is a vivid evocation of an era and a fascinating portrait, written with the skill of a master, of some of the most wonderfully engaging figures of a glorious age in American history. But more than that, it is like all of Joe Lash's books, and like Joe Lash's life itself a work of the most rare sincerity and integrity. What shines forth from every page as it shines forth from Mr. Lash's life is his unshakable determination to be truthful, honest and scrupulously fair. Joe has always been the standard of integrity to which I tried to hold fast, and this book is a final, triumphant example of the fact that he held that standard high to the last." Robert Caro

"I found Dealers and Dreamers a veritable treasure trove of historical information about Roosevelt's Washington. For that reason alone it is an important book." Thomas Fleming

"Dealers and Dreamers not only reports the achievements and operations of the New Deal, but also the spirit of the participants, a spirit which I think was very much like that which must have existed among the persons who drafted the U.S. Constitution and put it in force in each case, reflecting the excitement and satisfaction of participating in a successful revolution, not against government but for government." Eugene McCa