1934

Articles from 1934

‘Nobody Starves” (New Outlook Magazine, 1934)

This article attempted to explain to that portion of the reading public fortunate enough to have jobs, just how the county relief programs worked and what was provided to the subscribers. The journalist did not weigh-in as to whether she approved or disapproved of the program but sought to explain that in places like the Mid-West, where houses outnumbered apartment buildings, allowances for such possessions were made. In the congested cities of the East it might be expected that the family car be sold prior to receiving relief funds, but in the states where distances were greater subscribers were permitted to hold on to their cars.

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Dormant Capital (Pathfinder Magazine, 1934)

This article reported on a phenomenon that is common in our own day as well as the era of the Great Depression. It exists in any locale that fosters a lousy environment for business – for when the entrepreneurial classes loose their daring for investing in commercial ventures and when bankers refuse to loan money for fear that they will never be paid back, it leads to the creation of what is called dormant capital – money that should be working, but isn’t.

There is now piled up in banks some $46,000,000,000. As opposed to $39,000,000,000 at the low point of 1933, and the idle capital is on the increase. World trade has virtually broken down.


As one editorial makes clear, FDR had a tough time freeing up private capital for investments, click here to read it.

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Unlikely Communists & Red Teachers (New Outlook Magazine, 1934)

This article starts out discussing that during the Great Depression communism was beginning to appeal to a small number of unlikely Americans of the country club variety; by the fifth page, however, it heats up considerably when the subject turns to the number of communists who are charged with the instruction of American youth:

Although no accurate statistics on the subject are available, surveys and various reports indicate that there are 150,000 enthusiastic, thinking young Communists in the public schools and state universities of the United States today. Not nearly that many men are enrolled in the American Army. And the figure is a minimum – some estimates place the scholastic communists at 250,000.


The favorite newspaper among American communists was THE DAILY WORKER – read about it here…

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