Word: recessional
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
What the U. S. entered in 1929 and emerged from in 1935 was a Depression. The current fall of security values and business indices was officially designated by President Roosevelt in his message to Congress this week as a Recession.
In several particulars the Recession is more remarkable than the Depression. It is remarkable because the 35% plummet from last summer's high is the swiftest decline in the history of U. S. business and finance. It is remarkable because the big, obvious factors which are usually held responsible...
Then came the businessmen: President Robert E. Wood of Sears, Roebuck, President Gerard Swope of General Electric, Chairman Marriner Eccles of the Federal Reserve Board, President Henry C. Turner of Turner Construction Co., Banker S. Sloan Colt. When the stock-market promptly registered a hopeful advance after these conferences, it...
Read to both Houses by their clerks, the message started with a discussion of the business recession and legislative means toward ending it. Said the President: "The fundamental situation is not to be compared with the far different conditions of 1929. . . . Obviously an immediate task is to try to increase...
Franklin Roosevelt had another expedient reason besides the Recession for making his peace offer. Up in the Supreme Court last week, two days after the President's proposal was made, came another and significant test case on the old problem of utility rate-fixing. The California Railroad Commission fixed...