John Kenneth Galbraith, economist
One of the things you must understand about 1929 and the antecedent years, as about any speculative episode, is the danger… in attributing intelligence to the simple fact that people are associated with large sums of money or large financial operations. We don’t ask whether they’re intelligent. We say, they’re associated with all this money, so they must be intelligent. We attribute intelligence to association with financial operations. And only afterwards do we discover that error and that the people involved can be extremely successful in gulling themselves. That they can be in effect, and I use the word advisedly, marvelously stupid.
I used to be quite an optimist… I thought that by keeping the memory of the 1929 crash alive we would have a warning against the kind of feckless, fatuous optimism which caused people to get in and shove up the markets and shove it up more and get carried away by the illusion of ever-increasing wealth. I’ve given up on that hope because we’ve had it happen too often again since.
Thoroughbred racehorse Seabiscuit was the long shot that captured America's heart during the Depression.
As the star attraction of Buffalo Bill's Wild West Show, Annie Oakley thrilled audiences around the world with her shooting feats. Part of the Wild West collection.
This film follows the 65 "British soldiers" and 67 "American rebels" who reenact the 1775 Battle of Lexington and Concord.
The American effort to relieve starvation in Soviet Russia in 1921 during the worst natural disaster in Europe in 500 years.
A new religion called spiritualism affected the nation in the era of Abraham Lincoln, P. T. Barnum and Frederick Douglass.
It was the deadliest workplace accident in New York City’s history.
Robert Noyce's invention of the microchip launched the world into the Information Age.
Prohibition's effect on Detroit, Michigan, the first major American city to "go dry," and the growth of the liquor smuggling industry.