Since Yesterday: The 1930s in America, September 3, 1929–September 3, 1939
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Since Yesterday: The 1930s in America, September 3, 1929–September 3, 1939

one Bruno Richard Hauptmann. He was arrested in the Bronx, was tried at the beginning of 1935 at the Hunterdon County Court House at Flemington, New Jersey, was convicted, and—after an unsuccessful appeal and a delay brought about by the inexplicable unwillingness of Governor Harold Hoffman of New Jersey to believe in his guilt—was electrocuted on
... See moreThe other quotation is from Louise V. Armstrong’s We Too Are the People,
the amount of money paid out in salaries had dropped 40 per cent, dividends had dropped 56.6 per cent, and wages had dropped 60 per cent.
To say that during the year 1932, the cruelest year of the Depression, the average number of unemployed people in the country was 12½ million
time people had reached the point of laughing at Oh, Yeah, a small book in which were collected the glib prophecies made by bankers and statesmen at the onset of the Depression; of relishing the gossipy irreverence of Washington Merry-Go-Round, which deflated the reputations of the dignified statesmen of Washington; of getting belly-laughs from a
... See morebecoming a matutinal rite as inevitable as coffee and orange juice. When the New York World—famous for its liberalism and the wit of its columnists—had ceased publication in February, 1931, Lippmann, its editor, had gone over to the Herald Tribune and to sudden national fame. Clear, cool, and orderly in his thinking, he seemed to be able to reduce
... See moreThe circulation departments of the public libraries were reporting an increased business, not only in the anodyne of fiction, but also in books of solid fact and discussion.
In the month of September, 1931, a total of 305 American banks closed; in October, a total of 522. Frightened capitalists were hoarding gold now, lest the United States too should go off the gold standard; safe-deposit boxes were being crammed full of coins, and many a mattress was stuffed with gold certificates.