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Find archive articles on the Great Depression from the 1930’s. Our site has great information from old magazine and newspaper articles on the Great Depression.
By August of 1932, the Great Depression had finally caught up with the American automobile industry:
For the first time in history auto production has fallen off. Last year’s output was 700,000 cars [fewer than the number produced just two years earlier.]
The research has shown that between the Fall of 1929 and 1932 American automobile manufacturing had decreased by 70%.
In 1930 a seasoned diplomat and respected attorney by the name of James Watson Gerard (1867 – 1951) created quite a dust-up in Depression-era Washington when he took it upon himself to release his list of those Americans who he believed to have the most power on Capitol Hill. The reason his compilation turned as many heads as it did was because there wasn’t the name of a single elected official to be found on the list – not even President Hoover was mentioned (although his treasury secretary was, the millionaire industrialist Andrew Mellon).
Click here if you wish to read more on this subject and see Gerard’s list of the most powerful men in Cold War Washington.
