Published in May of 1933, the attached is two page report on the much anticipated London Economic Conference which was scheduled to convene the following month in London.
The leaders who agreed to assemble were all of one mind in so much as their shared belief that collectively they would stand a better chance in defeating the economic depression that was bedeviling all their respective countries. It was their intention to meet and review all existing international trade and tariff agreements and to make an effort at stabilizing the currency exchange rates.
The whole affair was doomed by July when it became clear that the representatives from the United States rejected many of the plans to stabilize the currency.
1937 marked the first time since the stock market crashed that Social Washington saw fit to begin hosting enormous parties again. This unnamed journalist intimated that the social season began a few weeks earlier with a grand diplomatic reception at FDR's White House:
"Washington Society, long shackled, kicked the lid off last week, swung into the most dazzling season it has had since the Depression spawned bread lines, and knocked the wealthy back on their heels."
"Money is spinning again; hostesses are plotting major campaigns; diamonds and pearls are coming out for renewed display; caviar and terrapin reign supreme once more..."
Elsa Maxwell kept the party going during the Great Depression...
This is President Herbert Hoover's recollection as to how his administration addressed the mass demonstrations of W.W. I veterans in need of relief. It is very different from the version recalled in high school history books in that Hoover stated that the order to burn the Anacostia shacks came from General MacArthur, not him.
Attached is a small excerpt from the PATHFINDER review of Eugene Lyons' 1948 book, "Our Unknown Ex-President" (1948). The author outlined the various measures taken by the Hoover administration during the earliest years of the Great Depression in hopes that the flood waters would subside:
"He fought for banking reform laws, appropriations for public works, home-loan banks to protect farms and residences. He asked for millions for relief to be administered by state and local organizations".
"A Democratic Congress refused to heed his suggestions. An avalanche of misfortunes, including droughts, floods and world economic crises, made his positions even more difficult... In spite of these obstacles, Lyons believes that the country was well on the road to recovery in 1932 and that it was the election of Roosevelt which induced the bank panic and prolonged the Depression until World War II".
With FDR waiting in the wings, eagerly anticipating the start of his administration, the outgoing president, Herbert Hoover (1874 1964), made his farewell address to the cash-strapped nation:
"Warning against the 'rapid degeneration into economic war which threatens to engulf the world' the President said that 'the imperative call to the world today is to prevent that war.' The gold standard, he said 'is the need of the world,' for only by the early reėstablishment of that standard can the barriers to trade be reduced.'"
Click here to read about the manner in which the Hoover administration addressed the Great Depression.