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From International Socialist Review, Vol.19 No.2, Spring 1958, p.41.
Transcription & mark-up by Einde O’Callaghan for ETOL.
At his press conference last week President Eisenhower referred, no doubt inadvertently, to the present economic doldrums as a “depression.” So far, at least, the description doesn’t fit. Things are pretty bad – terrible, in fact, for the four to five million unemployed – but a real-scale depression has yet to show up.
— N.Y. Times, March 2
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Last updated on: 29 April 2009