Several years ago when I was researching a very different subject at the Franklin D. Roosevelt Presidential Library in Hyde Park, New York, I happened across several archival documents related to FDR’s first inaugural address. As a very famous presidential oration—arguably the most famous inaugural address ever delivered—FDR’s speech and the related documents were intriguing. How many drafts of the address survive? What do those drafts tell us about the strategy and tactics behind the speech? And how did the very perilous times affect the...
Banks and banking seem rather mysterious. What do banks do? Why have they for so long been an integral part of our economy? Why, as in the financial crisis that commenced in 2007, do banks every so often get into trouble and create serious problems for the country?
In November of 1936, a young man named Robert Johnson traveled from Mississippi to San Antonio, Texas, for his first recording session with the American Record Corporation. His music was a potent fusion of older styles learned from local musicians in the rural Delta and Memphis with the latest sounds on records, radio, and jukeboxes.
Congress enacted the National Industrial Recovery Act “to foster fair competition, and to provide for the construction of certain useful public works.” The act was later invalidated by the Supreme Court in the case of Schechter Poultry Corporation v. the United States in May 1935.