Sunday, April 29, 2007

January 4, 1934 - The Situation in 1934

1934 is a Depression year and the first full year of Franklin D. Roosevelt's (pictured) presidency.

The National Industrial Recovery Act has recently been enacted to get Americans back to work. New federal laws have been passed governing banking and securities, and other areas of the economy, many of which have traditionally been regulated only at the state level. 1934 will mark the continuation of the creation of various "alphabet soup" agencies aimed at solving different aspects of the Depression and a further expansion of the federal government's role in American society to combat the Depression and bring Americans a sense of financial security.

Internationally, the world is in turmoil as the Depression becomes a global phenomenon. The resulting turmoil creates the environment in which fascism and militarism from German and Italy to Japan will grow.

As 1934 opens, however, spirits are at least temporarily raised (literally and figuratively) as the promise of the New Deal is still fresh and Prohibition has been repealed for a month now. FFF

Americans are ready for some diversion from their troubles and worries.

PLAY BALLLLLLL!

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