The Historian's Wizard of Oz: Reading L. Frank Baum's Classic as a Political and Monetary Allegory

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Greenwood Publishing Group, 2002 - Business & Economics - 149 pages
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"The Historian's Wizard of Oz" synthesizes four decades of scholarly interpretations of L. Frank Baum's classic children's novel as an allegory of the Gilded Age political economy and a comment on the gold standard. The heart of the book is an annotated version of "The Wizard of Oz" that highlights the possible political and monetary symbolism in the book by relating characters, settings, and incidents in it to the historical events and figures of the 1890s, the decade in which Baum wrote his story. Dighe simultaneously values the leading political interpretations of "Oz" as useful and creative teaching tools, and consolidates them in a sympathetic fashion; yet he rejects the commonly held, and by now well-debunked, view that those interpretations reflect Baum's likely motivations in writing the book. The result is a unique way for readers to acquaint themselves with a classic of children's literature that is a bit different and darker than the better-known film version.

Students of history and economics will find two great stories: the dramatic rise and fall of monetary populism and William Jennings Bryan and the original rendering of a childhood story that they know and love. This study draws on several worthy versions of the Oz-as-Populist-parable thesis, but it also separates the reading of Baum's book in this manner from Baum's original intentions. Despite an incongruence with Baum's intent, reading the story as a parable continues to provide a remarkable window into the historical events of the 1890s and, thus, constitutes a tremendous teaching tool for historians, economists, and political scientists. Dighe also includes a primer on gold, silver, and the American monetary system, as well as a brief history of the Populist movement.

 

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very informative book

User Review  - pennywiseknm - Overstock.com

This book isnt exactly what I expected but I still thoroughly enjoyed it. The reading is very indepth about the economic and political times of the late 1800s and doesnt relate as much to the Wizard ... Read full review

Contents

Introduction The Colors of Money
1
If I Only Had a Brain A Primer on Gold Silver and the American Monetary System
11
Populism Will Put Them to Sleep A Short History of the Populist Movement of the 1890s
27
L Frank Baums The Wonderful Wizard of Oz with Annotations
41
Another FiatMoney Metaphor from The Marvelous Land of Oz
131
William Jennings Bryans Cross of Gold Speech
133
The Quantity Theory of Money
141
Bibliography
143
Index
147
Copyright

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Page 145 - You come to us and tell us that the great cities are in favor of the gold standard; we reply that the great cities rest upon our broad and fertile prairies. Burn down your cities and leave our farms, and your cities will spring up again as if by magic; but destroy our farms and the grass will grow in the streets of every city in the country.
Page 143 - I desire to ask him where, in law or in morals, he can find justification for not protecting the debtors when the act of 1873 was passed, if he now insists that we must protect the creditors.
Page 144 - If they come to meet us on that issue we can present the history of our Nation. More than that; we can tell them that they will search the pages of history in vain to find a single instance where the common people of any land have ever declared themselves in favor of the gold standard. They can find where the holders of fixed investments have declared for a gold standard, but not where the masses have. Mr. Carlisle said in 1878 that this was a struggle between " the idle holders of idle capital...

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About the author (2002)

RANJIT S. DIGHE is Assistant Professor of Economics at the State University of New York at Oswego. His specialty is American macroeconomic history, and he has written extensively on American labor markets between the world wars.

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