Auburn High School - Follies Yearbook (Auburn, IN)

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DEDICATION We dedicate the Black Annual to the Spirit of the Depression, that skeleton which periodically haunts mankind ' s cave, hut, or office. Speculation is an instinct in human nature. In prehistoric days man bet on his ability to kill wild game to eat. Today man gam- bles on his business ability in order that he may dine more luxuriously. When prehistoric man over-speculated the wild beasts of the jungle quickly made his mistake fatal. When modern man over- speculates, the wild bears of Wall Street kill his economic life. In the past decade men were too willing to speculate on their neighbor ' s business. Stocks were cheap at any price. Then came the crash and the subsequent failing of businesses, banks, and corporations. Dur- ing the past four years, the Spirit of the Depression has haunted us. 200 THEPEPIIESSIOM 150 OO 50 ' -- a iw mo 1131 1132 1133

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EOKHART PUBLIC LIBRARY PROLOGUE Billions of dollars crashed in the Fall of ' 29. The stock market debacle precipitated the present depression on a money mad world. Years of hardship and privation have followed. Now, in the spring of our senior year, the world apparently is starting the long slow climb back to prosperity. Therefore, we chose for the theme of the Follies of 1933, a phenomenon which has directly affected the life of every member of our class and which has run parallel to the dates of our high school history: the world wide economic depression following 1929. In keeping with our theme, we have given our book the sobriquet the Black Annual. The Black Annual is divided into three sections. The first. Autumn, corresponds with the Crash; the second. Winter, with the Depression; and the third. Spring, with the Recovery. EOKHART PUBLIC LIBRARY

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The Spirit of the Depression 200 THEBEFMESSIOM ISO 100 SO a 1121 (130 1131 1132 1133 1