Published in May of 1933, the attached article concerned the much anticipated London Economic Conference which was scheduled to convene the following month in London. The world leaders who agreed to assemble were all of one mind in so much as their shared belief that collectively they would stand a better chance in defeating the economic depression that was bedeviling all their respective countries. It was their intention to meet and review all existing international trade and tariff agreements and to make an effort at stabilizing the currency exchange rates.
"In respect to their economic status, it has been estimated that one-half to two-thirds of the city children of America are in homes where annual income is too low to permit the family to buy items called for in an ordinary 'maintenance' budget - a budget of about $1,261 to meet the normal needs of living in a family of four."
CLICK HERE to read about African-Americans during the Great Depression.
Republican President Herbert Hoover had made numerous attempts to get a Federal relief bill through the Congress to the ailing citizenry, but the Democratic congress repeatedly disagreed as to how the funds were to be distributed. Finally an agreement was reached as Hoover's administration was reaching the end of his term and the Emergency Relief and Construction Act was passed into law.
"The obnoxious features which had been injected into the legislation from time to time by Members of the House of Representatives and had so long delayed action, have been eliminated." "No wonder there isn't any dough to be found" -the Commerce Department revealed that immigrant remittances to their countries of origin reached as high as $173,000,000 in 1931. The Italians were the most eager participants, with the Greeks in the number two position.
Click here to read about the American South during the Great Depression.
This article sums up the income data that was collected by the U.S. Department of Commerce and published in June of 1937. The report stated that
"The national income increased in 1936 by a larger amount, absolutely and relatively, than in 1935. Income produced rose to 63.8 billion dollars, an increase of 8.8 billion dollars, an increase over the 1935 total."
A chart has been provided.
Click here to read about the economic disaster that 1937 was "...since the Depression began one out of every six banks has failed, one out of every forty-five hospitals has closed, one out of every twenty-two business and industrial concerns has become bankrupt..."
- for those living in the digital age, the quote posted above is simply another mildly interesting, stale line from American history - but when those words were written in 1932 it meant for those who read it that there world was falling apart. So much of what they were taught to believe in was collapsing before their very eyes and as a result they felt a need to know God - and know Him they did; half way through 1932 "churches and other religious bodies showed a total net gain of 929,252 members thirteen years of age or over - one of the largest gains ever recorded - and the total membership, thirteen years or more of age, reached the record figure of 50,037,209."
Click here to read about the American South during the Great Depression.
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