FDR's Advice for the Democrats ... And His Amazing PredictionNews at Home
Delaware attorney Willard Saulsbury was one of those wondering what the Democrats could do. On November 8, just four days after the election that kept Calvin Coolidge in the White House despite the many scandals involving the Teapot Dome investigation, Saulsbury wrote to his friend Franklin Roosevelt to commiserate about the Democrats' unfavorable position."I do not know that we would have had any chance to have anybody President at this time," he wrote glumly.
This was FDR's response, which included an amazing prediction concerning the course the economy would take:
comments powered by Disqus
John Edward Philips - 3/8/2006
You've never heard of the business cycle? By this time the idea that good times are followed by hard times was pretty common, although the "new economy" types, in the 1920s as much as in the 1990s thought the business cycle had been repealed.
What's remarkable is that there was the same corruption among Republicans, their same stranglehold on the press and the same indifference of most Americans.
Dave Livingston - 1/7/2005
In the 60s my father, a life-long Democrat & observer of human affairs but no more deeply involved in politics than to be elected mayor of a small town, told me in the late 50s that "The blicans lead us into depressions; the Democrats get us into wars." Not so as a generalization?
- The Anthropocene epoch: scientists declare dawn of human-influenced age
- ‘No Vacancies’ for Blacks: How Donald Trump Got His Start, and Was First Accused of Bias
- New Yorker profiles activist who's drawing attention to lynchings
- Wisconsin GOP senator wants to replace history professors with Ken Burns videos
- UT removes Confederate inscription that it previously said would stay
- NYT publishes historians' plea for the revival of political history
- Some Ohio University professors ditch the textbooks, and the prices
- Renowned Israeli Holocaust Historian: ‘If I Were a British Jew, I’d Be Worried’
- Heather Ann Thompson pries loose the long-kept secrets of Attica in her new book
- Lonnie Bunch remembers his first day on the job as director of the new black history museum