September 2013

By 1936, the government began publishing economic information that said the country had regained levels of late 1920’s prosperity. They didn’t mention unemployment, which remained high. 1936 began a prelude to a major recession that peaked in 1937. the American economy unexpectedly fell, lasting through most of 1938. Production declined, as did profits and employment. […]

The first watch below is a rare classic. In 1935, Hamilton released a solid gold wristwatch called the Donovan. The company included it as part of a new generation of wristwatches with similar features to their Explorer series. The company began producing 14 K solid gold wristwatches powered by a new generation of movements. The

A Country divided and a World preparing for War You may see many parallels between 1934 and today. We had class warfare economically then and now. In 1934, the richest Americans did see gains in wealth; when government programs suggested a broad-based recovery, rather than money for a few, then companies exploited workers. The new

The year that Gold became forbidden On April 5, 1933, the new President – Franklin Roosevelt declared a State of Emergency and issued  executive order 6102, which forbid the ownership of gold. The order forbid the hoarding of gold coin, gold bullion, and gold certificates within the continental United States. The order criminalized the possession