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In 1932 the total national income of all the people in the country had reached the low point of thirty-eight billion dollars in that year. With each succeeding year it rose. Last year, 1937, it had risen to seventy billion dollars despite definitely worse business and agricultural prices in the last four months of last year.
"If you jot down a memo that you will make a deed to David Lannarck to the Bar-O ranch upon payment, on or before October 18th, 1932, of four thousand dollars in cash and a probable expenditure of two hundred dollars in getting possession, and sign it, I will also sign it and it will be an agreement. But before we do anything, I want to get on the phone to see if I can contact Ralph Gaynor.
The ornamentation of the dome was started in June, 1932 and finished in January, 1934. The ornamentation of the clerestory was completed in July, 1935, and that of the gallery unit below it in November, 1938.
We have raised the Nation's income from thirty-eight billion dollars in the year 1932 to about sixty-eight billion dollars in the year 1937. Our goal, our objective is to raise it to ninety or one hundred billion dollars.
Sometimes I took him to the church house door and there he would beg me to come in and meet the Christian people who, he said, would be so glad to see me. Donald learned much of the Scriptures. He would pray and ask God's blessings at the table. In Aug. 1932 we were living in Minneapolis. One evening in particular I shall not forget.
Nasos and I spoke to each other with very simple AM transmitters across the 60 metres or so separating our homes, again without knowing whether anybody else ever accidentally tuned in to our very low power transmissions. In 1932 I was called up for my compulsory Military service and ended up attending the Reserve Officers Cadet School.
In spite, however, of the speculative reaction from the speculative advance, it seems to be well established that during the course of the year 1933 the farmers of the United States will receive 33 percent more dollars for what they have produced than they received in the year 1932. Put in another way, they will receive $400 in 1933, where they received $300 the year before.
The commission concluded that the causes of the riot were rooted in resentment against racial discrimination and poverty. The "promised land" of the large northern cities had not lived up to expectations. The Depression, however, brought its own kind of hope. Franklin Delano Roosevelt, who had been elected in 1932, promised the country a "New Deal."
The Budget for 1932 fiscal year indicates estimated expenditure of about $4,054,000,000, including postal deficit. The receipts are estimated at about $4,085,000,000 if the temporary tax reduction of last year be discontinued, leaving a surplus of only about $30,000,000. Most rigid economy is therefore necessary to avoid increase in taxes.
Some of my opponents and some of my associates have considered that I have a mistakenly sentimental judgment as to the tenacity of purpose and the general level of intelligence of the American people. I am still convinced that the American people, since 1932, continue to insist on two requisites of private enterprise, and the relationship of government to it.
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