Incoming president Franklin D. Roosevelt took office at a troubled time in US history. Hoover had failed to fix the economic problems facing the nation.
This cartoon shows Uncle Sam and Hoover watching as Congress hands FDR a broom for making sweeping changes to the nation.
The Library of Congress is a national treasure as far as we’re concerned. So many amazing resources for teaching students about the American experience over the years.
Taken by photographers of the Farm Security Administration/Office of War Information (FSA/OWI), there are 70 amazing images of the effects of the Great Depression and WWII available online.
For more resources on teaching this era check out our resources:
This historical footage shot from an airplane, shows the airplanes, ships, cars, bikes, and pedestrians that came out to celebrate the opening of the Gold Gate bridge.
This newsreel-style video details the benefits of the National Housing Act for workers and the economy during the Great Depression. We are given a tour of a house built as a result of the program, which highlights the new innovations in construction. A couple interested in the home can now afford to buy as a result of the legislation.
This seems timely given the mortgage crisis we are facing.
We have been getting great feedback from our recent posts on the Great Depression, so today’s is in the same vein.
The Household Finance Corporation was started in 1878 by Frank J. Mackey to offer loans. They were one of the first companies to offer installment repayments, rather than owing the entire balance at the end of a loan period. The company went public on the NYSE in the 1920s and made many loans throughout the Great Depression.
This film from 1935 shows that the answer to a family in debt was to borrow money from HFC. After a home inspection deems them worthy, they received the $300 loan. The loan officer, when asked what might happen if they are unable to make a payment, explains that HFC wouldn’t expect them to do the impossible as long as they were paying whatever they could. Jump ahead to the 8 minute mark to see the loan approval scene.
Given our current banking and mortgage crises we thought this video might highlight the deep roots of our cycle of borrowing.