Word: capitalisme
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When Roosevelt took office at the beginning of 1933 (the same week that Hitler assumed emergency powers in Germany), unemployment in the U.S. had, in three years, jumped from 4 million to 12 million, at least a quarter of the work force. Fathers of hungry kids were trying to sell...
It is tempting to view these triumphs as the consequence of irresistible historical forces. But inevitability is merely an illusory label we impose on that which has already happened. It does not tell us what might have happened. For that, we need to view events through the eyes of those...
As the Great Depression circled the globe, democracy and capitalism were everywhere in retreat. The propaganda of the day proclaimed that the choice was one of two extremes--fascism or communism. In Germany, economic collapse led to the triumph of the Nazi party and the installation of Adolf Hitler as...
"Capitalism is dying," theologian Reinhold Niebuhr argued. "Let no one delude himself by hoping for reform from within." The American Communist Party believed its moment had come. "If I vote at all," social critic Lewis Mumford said, "it will be for the Communists." "The destruction of the Democratic Party," argued...
1930 The Chrysler Building, New York City (1,046 ft.), was quickly surpassed by the Empire State Building--but only in height. Its Art Deco beauty celebrated a Golden Age of American capitalism.