Hello Dear Readers and Subcribers!
I’m still digesting the fact of the major bailout bill not passing in Congress today. From what I can tell, either through the major news outlets or media sources, this is not a good thing. Tensions are mounting, tempers are frayed and it looks like we are headed into the Darkness.
Or are we?
Contrast the viewpoints you have seen in the news recently with this:
“The Dow Chemical Company was coining magnesium into ‘Dow-metal Money,’ with an arbitrary value of twenty cents….” (1)
“It was, in fact, a shocking measure, ratifying all acts ‘heretofore or hereinafter taken’ by the President and the Secretary of the Treasury. It provided prison terms for hoarders…On Wednesday…the Federal Reserve Board announced that its banks would prepare lists of persons who had withdrawn…..” (2)
Shocking? To me it is…and to those out there up in arms about the intervention this last week…what would they say about the prison terms for hoarders?
The year was 1933, Roosevelt had just been elected, and our country was in the middle of the Depression…the true darkness, the true abyss. Tight credit, dismal business, and a host of other issues makes our current day (so far anyway) look like nothing. However, the first 100 days of Roosevelt’s Administration saw a flurry of legislation, action, as compared to the previous administration, who actually did something, just not on the same scale as Roosevelt.
While my research continues on the Depression, I wanted to share with you some sites that I have come across in doing some studying. Here are three. While they tend to focus more on the latter part of the 1930’s, it would be mistaken to assume that they would not have good information on earlier years. In fact, it’s quite the contrary. There is good information here that goes beyond the normal Depression photos and information. It’s worth a look!