LYCOS RETRIEVER
America's Great Depression: United States
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This book is a compilation of oral recountings of the Great Depression of the 20th Century, taken by Studs Terkel. The book can be regarded as an excellent primary source of information from a historical point of view. These are anecdotes from people ranging from sharecroppers on up to highly placed executives, politicians, and professionals. Terkel leaves no stone unturned, as these stories (grouped by occupation and social stratum) show how the Depression affected people in all walks of life in the United States.
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In any case, the economic statistics are far from being as engrossing as the impact the Great Depression had on the American people. To fully understand this aspect requires either an extremely long memory or the availability of an extensive visual data bank - to bring back the disturbing images that defined this definitive era in American socioeconomic history.
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On May 6, 1935, the Works Progress Administration (W.P.A.) was created to help provide economic relief to the citizens of the United States who were suffering through the Great Depression. The Federal Art Project was one of the divisions of the W.P.A. under Federal Project One.
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Schwartz at the end of their Monetary History of the United States, 1867-1960, published in 1963, about the causes of the Great Depression, is virtual dogma. And so it is for Mr Bernanke. To quote Friedman:
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