a long recovery essays

a long recovery essays When he accepted the Democratic Party's nomination for the presidency in 1932, Franklin Roosevelt pledged "a new deal for the American people" (Atack, 1994, p. 625). When he assumed office, the American system of democratic capitalism faced a crisis of monumental proportions. Economic distress and social unrest were widespread. In 1929, Hoover's first year as president, the prosperity of the 1920s capsized. Stock prices climbed to unprecedented heights, as investors speculated in the stock market. The bender, in which people bought and sold stocks for higher and higher prices, was fueled by easy credit, which allowed purchasers to buy stock "on margin." If the price of the stock increased, the purchaser made money; if the price fell, the purchaser had to find the money elsewhere to pay off the loan. More and more investors poured money into stocks. Uncontrolled buying and selling fed an upward spiral that ended on October 24, 1929, when the stock market collapsed. The great crash shattered the economy. Fortunes vanished in days. Consumers stopped buying, businesses retrenched, banks cut off credit, and a downward twist commenced. The Great Depression lasted through the 1930s. Since the crash of '29, the value of common stocks had declined from $89 billion to $15 billion. Between 1929 and 1932 GNP dropped in constant 1928 dollars from billions $197.1 to $143. Real output fell 29 percent. Total gross investment fell from 15 percent of GNP to one percent. Consumption dropped by more than one third. Unemployment increased from 3.2 percent in 1929 to 21?25 percent in 1933(Picture 4). About 13 million Americans were officially out of work. Farm prices and farm income had appreciably fallen. On the eve of the March 1933 inauguration, the nation's banking system collapsed as millions of panicky depositors tried to withdraw savings that the banks had tied up in long-term loans. On that evening, Roosevelt declaring in his inaugu...

Using the French Expression À la rentrée

Using the French Expression la rentrà ©e la rentrà ©e!  [a la ra(n) tray] is a French expression used to mean, See you in September! or See you this fall! When translated literally, the phrase means, at the return. This is an common idiomatic phrase of normal register. How to Use the Phrase In August, major sectors of France slow down or close up shop completely. School is out, the government is more or less AWOL, and many restaurants and other businesses are closed as well. Therefore, many French people are on vacation for all or part of the month, which means that la rentrà ©e, in September, is more than just students and teachers going back to school; its also everyone else returning home and going back to work, returning to normalcy. la rentrà ©e! is a valediction, similar to bonnes vacances!  (have a nice vacation), a way of saying good-bye and an acknowledgement that youll see the other person when you both re-enter the real world after your prolonged vacation.You can also use la rentrà ©e as a reference to that point in time, to explain when something will happen, as in Je vais acheter une nouvelle voiture la rentrà ©e- Im going to buy a new car in early September / when school starts back up / after I get back from vacation. A related expression,  les affaires de la rentrà ©e,  means back-to-school deals/sales.