A. A Superficial Prosperity
B. Installment Debt
A writer in the American Mercury reports the case of a mechanic in Texas who received, when work was available, $6 a day. Sundry [several] high powered salesmen had sold him a second-hand automobile for which he had contracted to pay $30 a month; a set of plush and fumed-oak parlor furniture for an equal monthly sum; a piano, a gold watch, a baby carriage, and a diamond ring. The sum total of his monthly installments came to more than his total monthly wages, provided he worked every day - which he didn’t… If installment buying of non-essentials continues to grow as it has been growing, it is difficult to predict anything but disaster.
New York Labor Bureau, Inc.
“Installment Buying” Facts for Workers: The Labor Bureau Economic News Letter
April 1926
“Installment Buying” Facts for Workers: The Labor Bureau Economic News Letter
April 1926
c. Stockmarket Overspeculation
D. Farmer's Troubles
In the year 1926, the latest figures available show that one twentieth of one percent of the 430,000 corporations in this country earned forty percent of their profits; forty percent of the corporations actually lost money... Prosperity to the extent that we have it is unduly concentrated and has not equitably touched the lives of the farmer, the wage earner, and the individual businessman.
Al Smith, Democratic Presidential Candidate
Nomination Acceptance Address
August 22, 1928
Nomination Acceptance Address
August 22, 1928
E. Prohibition's Failures
F. Intolerance
WE BELIEVE that the current of pure American blood must be kept uncontaminated by mongrel strains and protected from racial pollution. CREED OF KLANSWOMEN
America for Americans, As Interpreted by the Women of the Ku Klux Klan Little Rock, Arkansas (?), 19-- |