National Affairs 1931: Labor : Third Winter

Third Winter

"One good old word—work" was President Hoover's first prescription for meeting the Depression which crashed down upon the country in the fall of 1929. On his orders a potent army of industrialists, railmen, motormen, bankers, manufacturers, public utilitarians and labor leaders marched to the White House where they pledged "business-as-usual." More public works were planned to absorb unemployment. Private companies were urged to go in heavily for new construction. Income taxes were cut 1% to spur economic recovery.

In spite of the President's best efforts, the conservative American Federation of...

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