Among the more popular and successful of these was the creation of the Public Works Administration (PWA) and the Civilian Conservation Corps (CCC), jobs programs which were modeled on similar programs in New York State. [Read more…] about Wall Street History: The Great Depression & A New Deal For Working People
Initially many thought the severe Wall Street crash of October 1929 was a temporary phenomenon and like many subsequent crashes (i.e. 1987, 2008) the stock market would recover in a few months or years.
Unfortunately, this did not prove to be the case. After some upward spurts, stocks on the New York Stock Exchange continued to fall for the next three years and economic conditions throughout the country continued to worsen, so that by 1932 the market closed at 41, a drop of 89% over its 1929 high of 381. Employment in Wall Street firms plummeted, as the once heady activity evaporated and the Great Depression took hold.
The response would require a great reset between Wall Street and working Americans. [Read more…] about The First Great Reset: Wall St, the Great Depression & the Pecora Commission
The break-up of Standard Oil and other monopolies during the Trust-busting Era, created somewhat greater competition, but did not significantly impact Wall Street, or its major players. For example, after the success of the Justice Department in the 1911 Supreme Court Case United States v. Standard Oil (in which the Court ruled that Standard Oil of New Jersey violated the Sherman Antitrust Act), the company was ordered broken into 34 ostensibly independent companies. *
The stock in each of these companies was distributed to Standard Oil Company shareholders (principally the Rockefeller family) and each company had separate boards of directors and separate management, but by and large they continued to operate on separate floors of the same building — 26 Broadway in Manhattan. [Read more…] about Wall Street History: Individual Investors & The Crash of 1929
Between 1935 and 1942 photographers of the New Deal’s Farm Security Administration (FSA) documented the lives and struggles of Americans enduring the Great Depression.
Considered one of the largest documentary photography projects ever undertaken, the photographs include some of the most familiar and powerful images of the nation to emerge from the Depression. Many have reached iconic status in American culture.
The images, held at the Library of Congress, were made in every region of the nation and number in the tens of thousands, and include are photographs made by Dorothea Lange, Gordon Parks, Ben Shahn, Walker Evans, Arthur Rothstein, Carl Mydans, Russell Lee, John Vachon, Marion Post Wolcott, Jack Delano, and many others. [Read more…] about Featured Collections: Great Depression Photos
A map of Van Rensselaer Patroonship leases made in 1787 does not shows anyone living on West Mountian, but white settlers probably started clearing land there within a few years of that date. A few years later there were enough folks to organize the Baptist Church of Christ, just north of the Rensselaerville-Berne town line. A schoolhouse was built next door, jointly operated by both towns. [Read more…] about Albany County’s West Mountain: Some History
Through Sophie’s Eyes (Cahaba, 2008) is a remarkable memoir by Sophie Kussmaul (1875-1968), granddaughter of Princess Regina Henry, first cousin to Frederick III, Emperor of Germany, and niece of Dr. Adolf Kussmaul, a noted Heidelberg physician.
Edited by Sinclair Seevers, the memoir spans her first six decades, two thirds of Kussmaul’s long life. It’s a vivid account of her shy childhood in the 1870s through the years of the Great Depression. [Read more…] about Memoir Recounts The Remarkable Life of Sophie Kussmaul
During the Great Depression of the 1930s the federal government started numerous programs to provide jobs. One, based on an earlier New York State program established by then Governor Franklin Delano Roosevelt, was the Civilian Conservation Corps (CCC).
The CCC employed about 3.5 million young men nationwide, with about 210,00 of them at 116 camps across New York State. The camps, for men only, were supervised by the U.S. Army and the Soil Conservation Commission. [Read more…] about A Visit To The Deansboro, Oneida Co, CCC Camp
In the 1990s I would visit Association for the Protection of the Adirondacks (AfPA) vice president and archivist Paul Schaefer (1908-1996) at his home in Niskayuna to learn as much as I could from him about wilderness preservation.
After he died, Paul was named one of the 100 top conservationists in the United States by Audubon magazine. I was the executive director of the AfPA and learned a great deal from Paul during the last decade of his life. [Read more…] about Cutting The Scotia Runway: An Adirondack Conservationist During The War
The Civilian Conservation Corps (CCC) began on March 31, 1933 under President Roosevelt’s “New Deal” to relieve the poverty and unemployment of the Depression.
Workers built trails, roads, campsites, & dams, stocked fish, built & maintained fire tower observer’s cabins & telephone lines, fought fires, & planted millions of trees. The CCC disbanded in 1942 due to the need for men in WWII. [Read more…] about Adirondack CCC Camps History Talk Set for Oneonta
The Museum of the City of New York will present “From Ship to Shore: Reginald Marsh & The U.S. Custom House Murals,” a glimpse at rarely seen works from the celebrated American painter known for bringing city scenes to life from the beaches of Coney Island to the burlesque stage, and the United States Custom House. [Read more…] about Exhibit: Reginald Marsh, US Custom House Murals