Word: roosevelts
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Dates: during 2000-2009
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Still, President Franklin Roosevelt - who rode into office on a platform of deficit reduction - initially hedged his bets, taking stabs at public-works projects and farm subsidies while also rolling out balanced-budget initiatives. When a British economist visited the White House in 1934 saying deficit spending was the best engine to boost consumer demand and create jobs, Roosevelt balked. (Two years later, the economist - John Maynard Keynes - published that advice in his seminal work, The General Theory of Employment, Interest and Money, which revolutionized economic thought by debunking the widely held belief that the market naturally tends toward full...
...struggling to make a dent in crippling unemployment, Roosevelt had come around to Keynes' advice. It worked: massive New Deal and World War II outlays pushed unemployment down from nearly...
...million people turned out to make Admiral George Dewey, hero of the battle of Manila Bay, the first individual honored with a ticker-tape parade. Former President Teddy Roosevelt got one in 1910 upon returning from his African safari. But it wasn't until 1919, when Grover Whalen was made New York City's official greeter, that ticker-tape parades took off: from 1919 to 1953 he reportedly threw 86 of them, many at the urging of the State Department. The luminaries he feted in his early years included Albert Einstein in 1921 - the only scientist ever honored with...
...captain John Schweer was shot and killed while working as a night watchman at an Oldsmobile dealership in Council Bluffs, Iowa. Two teenagers, Curtis McGhee and Terry Harrington, were convicted of the murder based on evidence they allege was knowingly fabricated by prosecutors. (Watch a 1937 newsreel of President Roosevelt confronting the Supreme Court...
...wage should not exceed five times its lowest. By the late 1890s, the banker J.P. Morgan had increased it to 20 times the average. The Securities and Exchange Commission enacted strict executive-compensation-disclosure laws in 1938, but four years after that, the New York Times denounced President Franklin Roosevelt's attempt to cap Americans' pay at $25,000 (about $331,000 today) as a ploy to "level down from the top"; Congress rebuffed...