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Great Depression
The pitfalls of protectionism
After 20 years of looking for someone who could perform the “middle deal,” Dai Vernon had pretty much decided that this supreme piece of sleight of hand was a fable. Then, one night in a Wichita jail, a prisoner told Vernon he’d seen a man do it…
Will the current bull market die spectacularly, a la 1929, or—as in 1974—will it strangle in weird silence?
J.P. Morgan did not have much use for either the stock market or reporters. So, when one reporter importunately asked him what the market was going to do one day, he replied, with about equal parts contempt and truth, “It will fluctuate.”
When American cars ruled the world
THE CURRENT VOGUE FOR PUSHING TO SELL AMERICAN AUTOMOBILES ABROAD can certainly be called overdue. No one has seriously tried such a thing in generations.
A veteran recalls the everyday courage of a threadbare generation.
My brother called me from Youngstown recently with a bright idea. Why not get up a three-piece band for a meeting of his musical club next month when I planned to be in town?
On a hot July night about 15 years ago, a young New Yorker on his way out for the evening decided on a quick shave. When he flicked on his electric razor, however, the lights in his apartment went out.
At a time when many are concerned by the nation’s loss of the unassailable economic position it occupied just after World War II, one historian argues that our real strength and our real peril lie elsewhere.
For generations, it was the mainspring, the proof, and the reward of a civilized social life. Now, a fond student of the ritual looks back on the golden age of the dinner party and tells you just how you should have behaved.
You probably haven’t seen it, but it’s out by the tracks of the Chicago & North Western.
DeKalb, Illinois, our nearest city, is the site of Northern Illinois University. Some 25,000 young people, mostly urban, from Chicago and environs, make Northern their home.
It depends on whose interpretation of both history and the current crisis you believe. For one of America’s most prominent supply-side economists, the answer is yes.
Jude Wanniski was among the early leaders in the revival of supply-side economic theory.
The crisis swept over France and Germany and Britain alike, and they all nearly foundered. Now more than ever, it is important to remember that it didn’t just happen here.
Back in 1955, John Kenneth Galbraith called the Great Depression of the 1930s “the most momentous economic occurrence in the history of the United States,” and 30-odd years later that judgment, recorded in Galbraith’s bestseller, The Great Crash
The 20s and 30s saw a host of new ways to separate customers from their money. Those methods have not been forgotten.
No era provides such revealing insights into the cultural values of both producers and consumers of American advertising as the 1920s and 1930s, when admen not only claimed the status of professionals but also saw themselves as missionaries of modernity.
Frank Hamer, a former Texas Ranger, got a tip that the bank robbers Clyde Barrow and Bonnie Parker would be coming down a road near Arcadia, Louisiana. Hamer had been after them for six months.
Using the same bold colors that drew the rubes in to see the Giant Rat of Sumatra and the Three-Headed Calf, he painted a fanciful record of his world
T HE GREAT DEPRESSION was as hard on circuses as it was on every other enterprise, but during those years, R. G.
In 1984 Los Angeles will once again play host to the Summer Olympics. It’s got to be easier that the first time. That was just fifty years ago, when, in the teeth of the Great Depression, a group of local boosters boldly set about planning
March 1925.
A Graphic Treatment
The Department of Labor first began publishing a Cost of Living Index in 1919. Since then this measurement of the prices of the goods and services used by ordinary people in their day-to-day lives has been many times modified and refined.
The Plains Acrossi The Overland Emigrants and the Trans-Mississippi West, 1840-60
by John D. Unruh, Jr. University of Illinois Press Illustrations, tables, maps 565 pages, $20.00
People who have been turned out of their homes make keen historians. Forced from the land of their ancestors and onto the open road without a destination, they have a way of remembering—often to the minute of the day—the trauma of departure.
For hoboes, the West was the land of milk and honey, of adventure, scenery, and easy living. A “land stowaway” hopped the first transcontinental train, and for six more decades they rode the rails
When young Jack London described the Reno of 1892 as “filled with … a vast and hungry horde of hoboes,” he was reporting no isolated phenomenon; shaggy, rootless men—tramps or hoboes—could be seen in every part of the West from the 1870’s down to the Second W
AMERICAN DESIGN II THEY COMBINED BEAUTY AND UTILITY IN ORDINARY OBJECTS
We observed in the February issue of AMERICAN HERITAGE that the compilation of the Index of American Design was a singularly happy byproduct of the Great Depression of the 1930’s.
To what extent did greatness inhere in the man, and to what degree was it a product of the situation?
Seldom has an eminent man been more conscious of his place in history than was Franklin D. Roosevelt. He regarded history as an imposing drama and himself as a conspicuous actor.
By freight train, on foot, and in commandeered trucks, thousands of unemployed veterans descended on a nervous capital at the depth of the Depression—and were run out of town by Army bayonets
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