By Hanes S.M., Hanes R.C.
Offers an summary of the good melancholy during the phrases and writings of the time: greater than twenty-five excerpts from speeches, poems, fiction and non-fiction works.
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Extra resources for Great Depression and New Deal. Primary Sources
Roosevelt: Volume Two, 1933 Published in 1938 “I pledge you—I pledge myself—to a new deal for the American people. Let us all here assembled constitute ourselves prophets of a new order of competence and of courage. This is more than a political campaign; it is a call to arms. ” Franklin D. Roosevelt made this speech in acceptance of the nomination to be the Democratic candidate for president in 1932. His words are recorded in The Public Papers and Addresses of Franklin D. Roosevelt: Volume Two, 1933.
Rods: Trains. Panhandlers: Beggars. Demoralization: Loss of spirit; giving up. Given too much credit: Allowed customers to take out goods with a promise to pay later. Irreversible: Impossible to turn around. 18 But everything was down. Nobody could get a job. The grocer didn’t employ the young boys to deliver goods any more. He couldn’t afford to. The grocer himself finally went bankrupt and closed up. He had given too much credit. I mean the people who were out of work had credit at the grocery store at first and they could eat; but they couldn’t pay their bills, and finally, the grocer couldn’t pay his bills; and eventually somebody came and sold him out.
S. business. These companies produced no real product, instead only managing other businesses. Americans who invested in holding companies were at risk, because such companies could collapse more easily in this “house of cards” structure. • Investors were buying stocks with loaned money and assuming the stocks’ value would continue to go higher and higher. For example, if an investor wanted to buy a $100 stock certificate, he could buy it with $10 of his own money and $90 borrowed from a stockbroker.
Great Depression and New Deal. Primary Sources by Hanes S.M., Hanes R.C.