Posts Tagged ‘Great Depression’

FDR Inaugurated

Posted on 03/04/09

On March 4, 1933, at the height of the Great Depression, Franklin Delano Roosevelt is inaugurated as the 32nd president of the United States. In his famous inaugural address, delivered outside the east wing of the U.S. Capitol, Roosevelt outlined his “New Deal”–an expansion of the federal government as an instrument of employment opportunity and welfare–and told Americans that “the only thing we have to fear is fear itself.” Although it was a rainy day in Washington, and gusts of rain blew over Roosevelt as he spoke, he delivered a speech that radiated optimism and competence, and a broad majority of Americans united behind their new president and his radical economic proposals to lead the nation out of the Great Depression.

Born into an upper-class family in Hyde Park, New York, in 1882, Roosevelt was the fifth cousin of Theodore Roosevelt, who served as the 26th U.S. president from 1901 to 1909. In 1905, Franklin Roosevelt, who was at the time a student at Columbia University Law School, married Anna Eleanor Roosevelt, the niece of Theodore Roosevelt. After three years as a lawyer, he decided to follow his cousin Theodore’s lead and sought public office, winning election to the New York State Senate in 1910 as a Democrat. He soon won a reputation as a charismatic politician dedicated to social and economic reform.

Roosevelt supported the progressive New Jersey governor Woodrow Wilson in his bid for the Democratic presidential nomination, and after Wilson’s election in 1912 Roosevelt was appointed assistant secretary of the U.S. Navy, a post that Theodore Roosevelt once held. In 1920, Roosevelt, who had proved himself a gifted administrator, won the Democratic nomination for vice president on a ticket with James Cox. The Democrats lost in a landslide to Republicans Warren Harding and Calvin Coolidge, and Roosevelt returned to his law practice and undertook several business ventures.

In 1921, he was stricken with poliomyelitis, the virus that causes the crippling disease of polio. He spent several years recovering from what was at first nearly total paralysis, and his wife, Eleanor, kept his name alive in Democratic circles. He never fully covered and was forced to use braces or a wheelchair to move around for the rest of his life.

In 1924, Roosevelt returned to politics when he nominated New York Governor Alfred E. Smith for the presidency with a rousing speech at the Democratic National Convention. In 1928, he again nominated Smith, and the outgoing New York governor urged Roosevelt to run for his gubernatorial seat. Roosevelt campaigned across the state by automobile and was elected even as the state voted for Republican Herbert Hoover in the presidential election.

As governor, Roosevelt worked for tax relief for farmers and in 1930 won a resounding electoral victory just as the economic recession brought on by the October 1929 stock market crash was turning into a major depression. During his second term, Governor Roosevelt mobilized the state government to play an active role in providing relief and spurring economic recovery. His aggressive approach to the economic crisis, coupled with his obvious political abilities, gave him the Democratic presidential nomination in 1932.

Roosevelt had no trouble defeating President Herbert Hoover, who many blamed for the Depression, and the governor carried all but six states. During the next four months, the economy continued to decline, and when Roosevelt took office on March 4, 1933, most banks were closed, farms were suffering, 13 million workers were unemployed, and industrial production stood at just over half its 1929 level.

Aided by a Democratic Congress, Roosevelt took prompt, decisive action, and most of his New Deal proposals, such as the Agricultural Adjustment Act, National Industrial Recovery Act, and creation of the Public Works Administration and Tennessee Valley Authority, were approved within his first 100 days in office. Although criticized by many in the business community, Roosevelt’s progressive legislation improved America’s economic climate, and in 1936 he easily won reelection.

During his second term, he became increasingly concerned with German and Japanese aggression and so began a long campaign to awaken America from its isolationist slumber. In 1940, with World War II raging in Europe and the Pacific, Roosevelt agreed to run for an unprecedented third term. Reelected by Americans who valued his strong leadership, he proved a highly effective commander in chief after the December 1941 U.S. entrance into the war. Under Roosevelt’s guidance, America became, in his own words, the “great arsenal of democracy” and succeeded in shifting the balance of power in World War II firmly in the Allies’ favor. In 1944, with the war not yet won, he was reelected to a fourth term.

Three months after his inauguration, while resting at his retreat at Warm Springs, Georgia, Roosevelt died of a massive cerebral hemorrhage at the age of 63. Following a solemn parade of his coffin through the streets of the nation’s capital, his body was buried in a family plot in Hyde Park. Millions of Americans mourned the death of the man who led the United States through two of the greatest crises of the 20th century: the Great Depression and World War II. Roosevelt’s unparalleled 13 years as president led to the passing of the 22nd Amendment to the U.S. Constitution, which limited future presidents to a maximum of two consecutive elected terms in office.

HISTORY.COM
Date: 2009-03-04

Golden Gate Bridge is Born

Posted on 01/05/09

On January 5, 1933, construction begins on the Golden Gate Bridge, as workers began excavating 3.25 million cubic feet of dirt for the structure’s huge anchorages.

Following the Gold Rush boom that began in 1849, speculators realized the land north of San Francisco Bay would increase in value in direct proportion to its accessibility to the city. Soon, a plan was hatched to build a bridge that would span the Golden Gate, a narrow, 400-foot deep strait that serves as the mouth of the San Francisco Bay, connecting the San Francisco Peninsula with the southern end of Marin County.

Although the idea went back as far as 1869, the proposal took root in 1916. A former engineering student, James Wilkins, working as a journalist with the San Francisco Bulletin, called for a suspension bridge with a center span of 3,000 feet, nearly twice the length of any in existence. Wilkins’ idea was estimated to cost an astounding $100 million. So, San Francisco’s city engineer, Michael M. O’Shaughnessy (he’s also credited with coming up with the name Golden Gate Bridge), began asking bridge engineers whether they could do it for less.

Engineer and poet Joseph Strauss, a 5-foot tall Cincinnati-born Chicagoan, said he could.

Eventually, O’Shaughnessy and Strauss concluded they could build a pure suspension bridge within a practical range of $25-30 million with a main span at least 4,000 feet. The construction plan still faced opposition, including litigation, from many sources. By the time most of the obstacles were cleared, the Great Depression of 1929 had begun, limiting financing options, so officials convinced voters to support $35 million in bonded indebtedness, citing the jobs that would be created for the project. However, the bonds couldn’t be sold until 1932, when San-Francisco based Bank of America agreed to buy the entire project in order to help the local economy.

The Golden Gate Bridge officially opened on May 27, 1937, the longest bridge span in the world at the time. The first public crossing had taken place the day before, when 200,000 people walked, ran and even roller skated over the new bridge.

With its tall towers and famous red paint job, the bridge quickly became a famous American landmark, and a symbol of San Francisco.

HISTORY.COM
Date: 2009-01-05

Radio City Music Hall Opens

Posted on 12/27/08

At the height of the Great Depression, thousands turn out for the opening of Radio City Music Hall, a magnificent Art Deco theater in New York City. Radio City Music Hall was designed as a palace for the people, a place of beauty where ordinary people could see high-quality entertainment. Since its 1932 opening, more than 300 million people have gone to Radio City to enjoy movies, stage shows, concerts, and special events.

Radio City Music Hall was the brainchild of the billionaire John D. Rockefeller, Jr., who decided to make the theater the cornerstone of the Rockefeller Complex he was building in a formerly derelict neighborhood in midtown Manhattan. The theater was built in partnership with the Radio Corporation of America (RCA) and designed by Donald Deskey. The result was an Art Deco masterpiece of elegance and grace constructed out of a diverse variety of materials, including aluminum, gold foil, marble, permatex, glass, and cork. Geometric ornamentation is found throughout the theater, as is Deskey’s central theme of the “Progress of Man.” The famous Great Stage, measuring 60 feet wide and 100 feet long, resembles a setting sun. Its sophisticated system of hydraulic-powered elevators allowed spectacular effects in staging, and many of its original mechanisms are still in use today.

In its first four decades, Radio City Music Hall alternated as a first-run movie theater and a site for gala stage shows. More than 700 films have premiered at Radio City Music Hall since 1933. In the late 1970s, the theater changed its format and began staging concerts by popular music artists. The Radio City Music Hall Christmas Spectacular, which debuted in 1933, draws more than a million people annually. The show features the high-kicking Rockettes, a precision dance troupe that has been a staple at Radio City since the 1930s.

In 1999, the Hall underwent a seven-month, $70 million restoration. Today, Radio City Music Hall remains the largest indoor theater in the world.

HISTORY.COM
Date: 2008-12-27

First Issue of Life is Published

Posted on 11/23/08

On November 23, 1936, the first issue of the pictorial magazine Life is published, featuring a cover photo of the Fort Peck Dam by Margaret Bourke-White.

Life actually had its start earlier in the 20th century as a different kind of magazine: a weekly humor publication, not unlike today’s The New Yorker in its use of tart cartoons, humorous pieces and cultural reporting. When the original Life folded during the Great Depression, the influential American publisher Henry Luce bought the name and re-launched the magazine as a picture-based periodical on this day in 1936. By this time, Luce had already enjoyed great success as the publisher of Time, a weekly news magazine.

From his high school days, Luce was a newsman, serving with his friend Briton Hadden as managing editors of their school newspaper. This partnership continued through their college years at Yale University, where they acted as chairmen and managing editors of the Yale Daily News, as well as after college, when Luce joined Hadden at The Baltimore News in 1921. It was during this time that Luce and Hadden came up with the idea for Time. When it launched in 1923, it was with the intention of delivering the world’s news through the eyes of the people who made it.

Whereas the original mission of Time was to tell the news, the mission of Life was to show it. In the words of Luce himself, the magazine was meant to provide a way for the American people “to see life; to see the world; to eyewitness great events … to see things thousands of miles away … to see and be amazed; to see and be instructed … to see, and to show …” Luce set the tone of the magazine with Margaret Bourke-White’s stunning cover photograph of the Fort Peck Dam, which has since become an icon of the 1930s and the great public works completed under President Franklin Roosevelt’s New Deal.

Life was an overwhelming success in its first year of publication. Almost overnight, it changed the way people looked at the world by changing the way people could look at the world. Its flourish of images painted vivid pictures in the public mind, capturing the personal and the public, and putting it on display for the world to take in. At its peak, Life had a circulation of over 8 million and it exerted considerable influence on American life in the beginning and middle of the 20th century.

With picture-heavy content as the driving force behind its popularity,the magazine suffered as television became society’s predominant means of communication. Life ceased running as a weekly publication in 1972, when it began losing audience and advertising dollars to television. In 2004, however, it resumed weekly publication as a supplement to U.S. newspapers. At its re-launch, its combined circulation was once again in the millions.

HISTORY.COM
Date: 2008-11-23