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The beginning of the Great Depression made the Viking unprofitable for Oldsmobile, which had enough trouble selling its own models that were just under half the price, and it was discontinued at the end of 1930. [29] Existing parts were assembled into the final Vikings for the 1931 model year. [42]
Oldsmobile's dream/concept car was called "The Golden Rocket". 1970 Oldsmobile 442. The Dr. Oldsmobile theme was one of Oldsmobile's most successful marketing campaigns in the early '70s, it involved fictional characters created to promote the wildly popular 442 muscle car. 'Dr. Oldsmobile' was a tall lean professor type who wore a white lab coat.
Production at the factory was halted during the Great Depression for about a year. In 1937 union organizers led a sit-down strike, part of a nationwide series of strikes at GM, which quickly resulted in a national contract. [5] During World War II, the Janesville plants were taken over by General Motors' Oldsmobile Division, and produced ...
The failure of this program and the effects of the Great Depression caused such losses that Olds ended his retirement during 1933 and assumed control of REO again, but resigned in 1934. During 1936, REO abandoned the manufacture of automobiles to concentrate on trucks.
The Great Depression did not strongly affect Japan. The Japanese economy shrank by 8% during 1929–31. Japan's Finance Minister Takahashi Korekiyo was the first to implement what have come to be identified as Keynesian economic policies: first, by large fiscal stimulus involving deficit spending; and second, by devaluing the currency ...
Accordingly, we cite the late, great Governor of the State of New York, Al Smith, who frequently said, "Let's look at the record." Did FDR's New Deal end the Depression? Did FDR's New Deal end the ...
Herbert Hoover and the Great Depression (1959). scholarly history online; Watkins, T. H. The Great Depression: America in the 1930s. (2009) online; popular history. Wecter, Dixon. The Age of the Great Depression, 1929–1941 (1948), scholarly social history online; Wicker, Elmus. The Banking Panics of the Great Depression (1996) White, Eugene N.
At 12:01 a.m., Jan. 17, 1920, America was cut off. Saloons closed their doors. Taps stopped flowing. People stockpiled their whiskey, beer and wine to weather the dry spell that would last 13 years.