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Page 55 text:
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The Great Wall Street Crash The fol1ow1ng 1S a report based on arncles wrmtten by John K Galbralth Harper s Magaz1ne, and ed1tor1a1s from Newsweek The great depress1on 1n New York mn October 1929 was one of the most harmful thmgs that ever occurred 1n the lustory of the Umted States allowmg only one exceptzon The C1v1l War ' There was a lot of d1scuss1on at the t1me as to what day the great panlc selzed the mar ket The rnajorzty of the people beheve lt struck on Thursday October 24 On Monday and Tuesday the losses were very great but on Wednesday thmgs were tolerably qu1et The great crash lasted all of the autumn of 1929 The reason for the stock crash was because durlng the early 20's there was a great boom 1n manufacturlng 1h the bu1ld1ng of modern bu1ld1ngs and m 1ndustry Before the great CraSh 21 large group of people were buymng stocks because they had heard that the stock market was a place where they could get rlch fast and the1r r1ght of gett1ng r1ch was as good as anyone else's For an example of the great change of stock prxces one hundred dollars worth of shares wh1ch provxded an average return of S5 90 1n 1921 pa1d only S3 50 1n 1929 Stock that had been worth S47 1n 1932 dropped to a mere S6 per share On October 24 the crash came and 1n that one day more than 12 000 000 shares were sold at tumblxng prmces that rumed the fortunes of thousands Dur1ng thxs depresslon there were hard t1mes because the consumer dollars were scarce and as unbought products gathered dust on the Nat1on's shelves manufacturers had to cut down further on productxon Th1s meant lay1ng off help The v1c1ous cycle cont1nued Unemployed workers had no money to buy goods and goods were not pro duced because there was no market Farm 1ncome dropped from a total of S7 b1l11on 1n 1929 to S2 b1ll1on 1n 1932 Money needed to buy farm equxpment was nonex1stent The bhght extended to 1ndustr1es wh1ch produced farm machlnery Salar1es of those work1ng were cut By the end of 1932 about 15 000 O00 Amerlcans were unemployed Some people beheved that 1929 would be d1fferent because Mr Hoover would replace Pre sldent Cool1dge Mr Hoover sa1d that Pres1dent Cool1dge knew nothmg and cared less aoout the speculatwe orgy 1n wh1ch the country was 1ndu1g1ng xtself But 1 don't th1nk lt mattered as to who was pres1dent because the stock crash rn my op1n1on, under the c1rcumstances couldn't have been prevented at the tlme The government took over by hav1ng Pre s1dent Hoover adm1n1ster the Reconstruct1on Fmance CorpO1'at1On an agency to a1d 1n the fmancmg of 1ndustry and agrxculture Under Pres1dent Roosevelt the alphabet took on new meamng for those out of work The WPA PWA CCC and NYA were all government projects 1n wh1ch men women and young people were put to work and paxd w1th tax money Dur1ng th1s per1od 10 b1111on was spent for work re11ef through these agencles Projects 1ncluded erectwn of pubhc bu11d1ngs constructlon of roads plant1ng of trees and bu1ld1ng of parks creatmg cler1ca1 jobs for students on college campuses etc In add1t1on the Federal Emergency Rehef Adm1n1strat1on prov1ded d1rect rehef to de st1tute fam1l1es Some happemngs from the Great Crash to the present t1me affectmg our econom1c status are World War II wh1ch brought death to more than 407 O00 Amer1cans atomlc bomb 1n 1945 mass product1on of telev1s1on sets creat1on of conservatlon projects such as TVA and the enormous productlon of goods to meet the demands of our defense pro gram and ever mcreasmg popu1at1on Annuallly we now produce 112 M tons of steel 7 M cars and trucks l M new homes and 275 M tons of food Even so, our unemploy ed at the present numbers about 3 m1l11on I th1nk that the Umted States may and probably 1n t1me w1l1 have another slump but that we shall never aga1n see what 15 known as a great depressmn because the govern ment has orgamzed and st1l1 wxll orgamze d1fferent dev1ces to employ men and that by these government projects we w1l1 stay out of a depress1on Leon Fowler 51 . . . . , H I ' 1 1 1 1 ll I . , . 1 . 71 , . 1 1 1 1 1 1 1 ' . , , . 1 1 I T 1 - 1 1 1 1 1 ' , 1 1 1 j 1 , . 1 1 1 S 5 1 , - . - , . , . . . ' I 1
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Page 54 text:
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Going To College 'No I'm not go1ng to college I can't afford lt ' I am My fam1ly has saved for years for th1s purpose 'l've got a Job wa1t1ng I m golng r1ght o work after I gradua e These are some react1ons to the quest1on of go1ng to college Before a person de c1des whether or not he IS go1ng to college he should carefully analyze the advantages a college educat1on In th1s age of tough compet1t1on for the best Jobs a college educat1on 1S 1mportant Doctors, lawyers teachers sc1ent1sts and clergymen must be college tralned The buslness and 1ndustr1al world needs men and women wlth a college educat1on for pos1t1ons of leader Shlp Many other Jobs demand men and women who through the1r college tralnlng have mastered the skllls of the1r trades SIat1St1CS have proved that college graduates earn S50 000 more dur1ng the1r l1fet1me than h1gh school graduates One of the most 1mportant th1ngs however that a college educatxon can do for you 15 to help you become an 1nterest1ng personallty Your college courses expand your know ledge and sharpen your m1nd A college educat1on helps you to have a better soc1al l1fe and how to get along w1th other people In college you learn to apprec1ate the better thlngs 1n Today w1th the many scholarshlp and student a1d plans lt 1S POSS1ble for anyone to go to college 1f he or she really wants to and has the ab111ty to learn Whatever you do I don't th1nk there 1S a subst1tute for a good college educat1on Ronald L1ttlef1eld '56 A Moment To Remember It w1ll be a moment to remember when I-Ierble and I take off 1n our space Shlp to the planet Mars We expect to have our sh1p completed on or about the year of 1969 We have not yet begun the actual structure but we have all the blue prlnts and plans We founded our corporat1on back 1n 1955 Last year we test flew a new rocket sh1p for the U S A1r Force Our f1rst stop was the moon There we found a new k1nd of metal that can be heated to a h1gh degree put 1nto shape and hardened Bullet proof t 1S so tough that 1f a space sh1p constructed of th1S materlal should crash lt would not dent or scratch Our next stop was to be Mars but we ran low on fuel and had to come home We don't expect to have d1ff1culty wlth fuel agaln because wh1le we were dolng some research work 1n the laboratory the other day we made an eye st1ng1ng d1scovery We found a new for mula for space Shlp fuel We call lt I-I UMSIF We th1nk our fuel W111 revolut1on1ze the whole f1eld of space travel When we land on the Planet Mars we w1ll send a deta1l report of our trlp back to earth by a superson1c carrler p1geon Roger Lawrence Herbert Shores 55 50 O I ' . ' I , . . , . . . ' , . . t t . . . , of ' I 1 I . 9 3 . . , , . . life such as good books, music, etc. , . . - . , . . . ' 2 , . . , . l , i , . 7 . C , ll ll
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Page 56 text:
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,Iuvemle Delinquency Juven1le del1nquency 1S someth1ng that most people don't th1nk too much about When people do th1nk of Juvemle delmquents they usually thank of boys who come from slum areas of the Clty These people bel1eve that 11' a ch1ld 16 g1ven a congemal home and good env1ronment he w11l turn out to be a n1ce young man Tl'11S op1n1on however 1S somewhat wrong for almost one half of the Juvemle delmquents come from well to do homes w1th dot1ng parents For 1nstance Sammy Sm1th a young boy who l1VeS down the street from us has a n1ce home There 1sn't anythmg h1s parents wouldn't do for h1m but yet he runs around w1th the wlldest gang 1n town It certa1nly 1sn't money he needs' Then what could lt be 'P Maybe 1t'S affect1on and understand1ng for there must be some reason for h1s wayward ness D1d you know that 1n the last f1ve years Juvenxle del1nquency has lncreased 45911 and that 1f lt keeps 1ncreas1ng at thls rate that by 1960 there w1ll be Z 000 O00 Juvenlle de l1quents annually 'P If people could only real1ze the enorrruty of these startl1ng facts they wouldn't just shrug the1r shoulders and say What 15 th1s younger generat1on com1ng to'P o Why don't the P0l1Ce do somethmg about 1t'P The pol1ce alone can't decrease Juvemle de11n quency In order to prevent these Juverule atroc1t1es people must study the cause to de termlne the cure In many Juvemle cases lt has been found thet the teen ager has been exposed to un favorable c0nd1t10ns at home We bel1eve that the tra1n1ng 1n the home 1S the prlmary factor that 1nfluences the cluld The parents therefore should do the1r utmost to help the1r ch1ldren EdUCat1On or money alone doesn't make a good home Parents understand 1ng love and humor are necessary elements Parents should g1ve the1r ch1ldren what Perhaps 1f a parent had to pay for the damage caused by h1s ch1ldren he would make more of an effort to be a good parent Th1s pressure would be most apt to make the par ents keep a closer eye on the klnd of fun the1r chlldren enjoy Act1v1t1es are good for teen agers tak1ng up the1r m1nd and extra t1me For th1s reason much effort should be g1ven to C1V1C school, and church organ1zat1ons Wh1Ch pro v1de worthwh1le programs for youth If more law ab1d1ng c1t1zens 1n every commumty would co operate and do the1r part there 1S no reason why Juven11e dehnquency can't reduced Just remember cr1me IS as catchlng as the measles and unless someth1ng 1S done to op th1s dreadful d1sease your teen ager may be the next one to become 1nfected Maxlne Hardlng 56 Audrey Drake 5 My Darkest Hour What a wonderful day' What shall I do to absorb the sunshlne and fresh a1r 'P I know I haven't v1s1ted my frxend, Kathy Green for qu1te a wh1le I guess I w1ll b1ke over to pay her a V1S1t The weather was so 1nv1gorat1ng that I started to peddle my b1ke as fast as I could Oh what a beaut1ful day' I could r1de on l1ke th1s for hours Boy there IS that steep h1ll that I just love to coast down I wlll be able to coast for hours Whee I must be travel1ng about 50 It's a good thlng no cop's around he d arrest me for speedmg' Oh oh' I've never notlced that rut 1n the road before I wonder how It got ther I hope I can m1ss lt but gee how can I'P It runs the whole length of the road scared What shall I do 'P Shall I apply my brakes or keep r1ght on coast1ng P I guess I w11l apply my brakes fl appl1ed my brakes and as I d1d th1s I lost control of the handle bars D Oh oh, I'm go1ng to fall I hope I don't scar my new b1CyCle or break a leg 52 O O . , . , . , - 9 . . . , . - . .... . , , . . - . , . . . . . T . . , . - - . . . , , , . . . . they need and not always what they desire. . . . - , . . . . h . - . , . . . . be , . . . . . st ' ' - ' - . . I ' 6 , . . ' , , , - . . . . , . ' 2 I ' u 9 ' I . 1 . l ' . ' L' Q I 1 1 1 - V Urn ' ' 1 I a '
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