usgovernment spending.com
Wednesday April 19, 2017 
developed by Christopher Chantrill
President

Franklin D. Roosevelt

Congress

76th Congress

Alben Barkley

Carl Hatch

William B. Bankhead

Agencies

Works Progress Administration

Legislation

Hatch Act

Neutrality Act of 1939

Parties

Democratic Party History

Republican Party History

Analysis

Economic Recovery in the Great Depression



all years | 1929 | 1939

 1939  Economy Revives

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President: Roosevelt (D); Senate: Barkley (D-KY); House: Bankhead (D-AL).

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 sources
The economic recovery that began in 1938 continued robustly in 1939 with GDP increasing by 7 percent over the year. However unemployment continued in double-digits for the entire year, and stocks, influenced perhaps by the gathering storm in Europe hardly budged by the end of the year.

Meanwhile, after the Republican surge of 1938 it was time for payback, and Congress passed the Hatch Act which forbade federal employees from engaging in political activities. The bill was sponsored by Senator Carl Hatch (D-NM) after disclosures about employees of the Works Progress Administration using their positions to win Democratic votes.

With isolationism a political factor Congress passed a Neutrality Act requiring all belligerents in the World War to pay cash for munitions (i.e., "cash and carry"). In practice this policy favored Britain and France since they had control of the oceans.


all years | 1929 | 1939

1929-1939: “A Decade that will live — in stupidity.”

Why Stuck on Stupid?

Seventy years ago the leaders of both US political parties turned away from the policies that had created an economic powerhouse we call the Roaring Twenties. For ten long years Americans suffered through wrenching economic dislocations: deflation, inflation, a four-year economic contraction, endless unemployment, mindless political experiments, and ruthless attacks on businessmen for political gain as their leaders stayed Stuck on Stupid.

Today, after a twenty-five year economic boom, Americans are once more faced with a political elite that wants to monkey with success. It wants to raise tax rates. It wants to restrict trade. It wants to increase government power.

It’s time to look back and remind ourselves how it came to be, starting in 1929, that America got itself Stuck on Stupid. Otherwise it could happen again.

 — Christopher Chantrill

 

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