' Economic Problems'
Geoffrey Crowther
In previous talks in this series listeners have seen America depicted against a background of history. Today that well-known broadcaster and economist Geoffrey Crowther is to discuss her economic history in the last twenty years, and particularly in the last seven and a half years. He will speak of her unrivalled prosperity and then of her unrivalled depression.
' In 1928 Mr. Herbert Hoover was elected President of the United States on the slogan of "two cars
.. in every garage and a chicken in every pot".' .Few could believe it when the golden period came to a sudden end in the autumn of 1929, and shares slumped, and banks closed, and unemployment was to reach the appalling figure of six millions.
Crowther will discuss the reasons for the depression and speak of the determination of the American people that such a depression shall never occur again.