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may 1, 1935 - "Ickes's Oqpu- the Secret 600" - The Great Depression - Harold Ickes New Outlook Magazine 1935, May

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New Outlook Magazine 1935, May - Ickes's Oqpu- the Secret 600 - The Great Depression - Harold Ickes

"When Harold Ickes (1874 – 1952) took charge [as the Administrator of Public Works Three Billion Dollar Fund] the emphasis was all on speed in spending. He was under direct orders to shovel out three billion, three hundred million dollars as rapidly as possible. It would give work to the workless, get money into circulation and encourage business. The truth is that he did not succeed in this. I don't know how much of the original fund remains in his hands, but it is certain that a very considerable sum must remain unexpended... He was vigorously criticized for his slowness. He was charged with holding back recovery. He was called unreasonable and arbitrary because he refused his assent to projects which had been sentimental pets in many localities for many a generation, but in which no businessman would have invested a dime."

When W.W. II came along, Harold Ickes proved to be much better at running the Japanese-American internment camps

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1 days ago

Date:

may 1, 1935
Now
~ 89 years ago

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