Bankers' Depression of the 1930's.
1930 America did not lack industrial capacity, fertile farmlands,
skilled and willing workers or industrious families. It had
an extensive and efficient
transportation system in railroads, road networks, and inland and ocean waterways.
Communications between regions and localities were the best in the world, utilizing
telephone, teletype, radio, and a well operated government mail system.
By this simple ploy America was put in
a "depression" and
bankers took possession of hundreds of thousands of farms, homes,
and business properties. The people were told, "times are hard" and "money
is short." Not understanding the system, they were cruelly robbed
of their earnings, their savings, and their property.