INDUSTRY: Blue Eagles & Dead Cats

Late one night last week National Recovery Administrator Hugh Samuel Johnson marched proudly out of the White House with President Roosevelt's signature to a program which they both hoped would put 6,000,000 persons to work by Labor Day. Nothing like it had ever before been seen in the U. S. in peacetime. It was a "war" measure designed to mobilize the entire nation and march it patriotically forward into the biggest and perhaps the final battle with its old enemy, the Depression.

Signed by the President were orders for setting up a...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!