45 items
The United States harvested a bumper crop of good immigrants in 1955. About 1,000 highly educated Chinese gained citizenship, including acclaimed scientists, professionals, and entrepreneurs such as the architect I. M. Pei, the...
Are Artists “Workers”? Art and the New Deal
As I write this essay in February 2009, the nation is engaged in a great discussion about how to restore confidence during the worst economic downturn since the Great Depression. One contentious issue is whether and how cultural...
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The Life and Death of Roger Romine: A Tuskegee Airman Gone Too Soon
The Tuskegee Airmen were an elite group of African American pilots and support personnel who fought in World War II. Their relevance in the African American struggle for equality and respect cannot be overstated. During World War II,...
Motor City: The Story of Detroit
"You can see here, as it is impossible to do in a more varied and complex city, the whole structure of an industrial society." So wrote essayist Edmund Wilson, reporting on a visit to the Motor City in the 1930s. As the capital of...
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The US Banking System: Origin, Development, and Regulation
Banks are among the oldest businesses in American history—the Bank of New York, for example, was founded in 1784, and as the recently renamed Bank of New York Mellon it had its 225th anniversary in 2009. The banking system is one of...
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The New Deal, Then and Now
Well before Barack Obama’s election in 2008, the New Deal was emerging as an instructive model for those trying to understand, and address, what is now known as the "worst financial crisis since the 1930s." But is the New Deal in fact...
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FDR and Hitler: A Study in Contrasts
The Great Depression and World War II were events in world history, but they touched different countries in sometimes dramatically different ways. To paraphrase Tolstoy, many peoples suffered, but every unhappy people was unhappy in...
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Women and the Great Depression
In 1933 Eleanor Roosevelt’s It’s Up to the Women exhorted American women to help pull the country through its current economic crisis, the gravest it had ever faced: "The women know that life must go on and that the needs of life must...
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The Hundred Days and Beyond: What Did the New Deal Accomplish?
There wasn’t anybody in that entire Brains Trust apparently that had given any thought—they had absolutely no plans—or any real study to the problem created by this banking situation. —Walter Wyatt, Federal Reserve official, amazed at...
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