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The central assertion that social contract theory approaches is that law and political order are not natural, but human creations. The social contract and the political order it creates are simply the means towards an end—the benefit of the individuals involved—and legitimate only to the extent that they fulfill their part of the agreement.
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. "The Stock Market Boom and Crash of 1929 Revisited".
In 1929, after the Scopes and Dennett victories, Baldwin perceived that there was vast, untapped support for civil liberties in the United States. [38] Baldwin proposed an expansion program for the ACLU, focusing on police brutality, Native American rights, African American rights, censorship in the arts, and international civil liberties. [38]
Instead, U.S. banks began making large loans to the nations of Europe. Thus, debts (and reparations) were being paid only by augmenting old debts and piling up new ones. In the late 1920s, and particularly after the American economy began to weaken after 1929, the European nations found it much more difficult to borrow money from the U.S.
The Era of Theodore Roosevelt and the Birth of Modern America, 1900–1912. survey by leading scholar; Pease, Otis, ed. The Progressive Years: The Spirit and Achievement of American Reform (1962), primary documents; Thelen, David P. "Social Tensions and the Origins of Progressivism," Journal of American History 56 (1969), 323–341 in JSTOR
The First New Deal (1933–1934) dealt with the pressing banking crisis through the Emergency Banking Act and the 1933 Banking Act.The Federal Emergency Relief Administration (FERA) provided US$500 million (equivalent to $11.8 billion in 2023) for relief operations by states and cities, and the short-lived CWA gave locals money to operate make-work projects from 1933 to 1934. [2]
Eilaine Roth, American professional baseball player (d. 2011) Elaine Roth, American professional baseball player (d. 2007) January 19 – Red Amick, American race car driver (d. 1995) January 20. Jimmy Cobb, American jazz drummer (d. 2020) Arte Johnson, American comedian and actor (d. 2019) Frank Kush, American football player and coach (d. 2017)
The Great Depression (1929–1939) and the New Deal (1933–1936) were decisive moments in American political, economic, and social history. [185] A financial bubble was fueled by an inflated stock market, which led to the Wall Street crash on October 29, 1929. [186] This, along with other economic factors, triggered a worldwide depression.