Word: offing
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Dates: during 1990-1999
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When Roosevelt assumed the presidency, America was in its third year of depression. No other decline in American history had been so deep, so lasting, so far reaching. Factories that had once produced steel, automobiles, furniture and textiles stood eerily silent. One out of every four Americans was unemployed, and...
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...
It was Roosevelt's lasting accomplishment that he found a middle ground between the unbridled laissez-faire of the '20s and the brutal dictatorships of the '30s. His conviction that a democratic government had a responsibility to help Americans in distress--not as a matter of charity but as a...
Massive public works projects put millions to work building schools, roads, libraries, hospitals; repairing bridges; digging conservation trails; painting murals in public buildings. The Securities and Exchange Commission regulated a stock market that had been run as an insiders' game. Federal funds protected home mortgages so that property owners could...