Transcript “TOO LITTLE TOO LATE!!” “Brother Can You Spare a Dime?”

1936 Migrant Mother
Photo by Dorothea Lange
Depression – A very severe recession;
a period of severely declining
economic activity spread across the
economy (not limited to particular
sectors or regions) normally visible in a
decline in real GDP, real income,
employment, industrial production,
wholesale-retail credit and the loss of
overall confidence in the
economy.
Shanty towns
“Hoovervilles
Breadlines
Central Park NYC, 1931
“In Hoover
we trusted, now we’re busted”
“Too little, too late”
Bonus Expeditionary Force ;
WWI Veterans
July 1932, Washington DC
1932 election, FDR “this will elect me!”
Cavalry led by MacArthur
& Eisenhower
Tear gas
Camps set ablaze
Tanks
Positive Plans begun by Hoover.
“TOO LITTLE TOO LATE!!”
1932 Reconstruction Finance CorporationLoaned
money to major banks, RR companies, and factories to get
their feet back on the ground. Attempt to refuel business
expansion. $2 Billion worth of financing. This favored the
“trickle down” effect. Critized!
Federal Home Loan Bank ActAgency designed to prevent
foreclosures on homes/farms. Lower mortgage rates &
allow refinancing.
*He asked employers not to cut wages/layoffs. Asked
unions to not make demands. He also helped Af.Americans
by app. some to Federal positions.
Positive Plans begun by Hoover.
“TOO LITTLE TOO LATE!!”
1930-1936 Created the public work projects to provide
jobs. Ex.Boulder Dam. $800 million allotted.
Federal Farm Board Tried to decrease supply to raise
prices by using farm cooperatives.
National Credit CorporationLarge banks loaning $$ to
smaller banks.
“Brother Can You Spare a Dime?” 1932 Yip Harburg
They used to tell me I was building a dream, and so I followed the mob,
When there was earth to plow, or guns to bear, I was always there right on the job.
They used to tell me I was building a dream, with peace and glory ahead,
Why should I be standing in line, just waiting for bread?
Once I built a railroad, I made it run, made it race against time.
Once I built a railroad; now it’s done. Brother, can you spare a dime?
Once I built a tower, up to the sun, brick, and mortar, and lime;
Once I built a tower, now it’s done. Brother, can you spare a dime?
Once in khaki suits, gee we looked swell,
Full of that Yankee Doodle Dum,
Half a million boots went marching through Hell,
And I was the kid with the drum!
Say, don’t you remember, they called me Al; it was Al all the time.
Why don’t you remember, I’m your pal? Brother, can you spare a dime?
Once in khaki suits, gee we looked swelling,
Full of that Yankee Doodle Dum,
Half a million boots went marching through Hell,
And I was the kid with the drum!
Say, don’t you remember, they called me Al; it was Al all the time.
Say, don’t you remember, I’m your pal? Brother, can you spare a dime?