Misplaced Pages

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138-784: The New Deal coalition that cemented the Fifth Party System and allowed Democrats to dominate the White House for 40-some years arose from the realignment of two similar third party factions into the Democratic Party: the Progressives in the Western Coast and the greater Rust Belt region (which includes New York, Massachusetts, Baltimore and New Jersey), and the Socialists in the Western Coast and Sun Belt. Realigning these two factions after

276-682: A Great Contraction of the economy from 1929 until the New Deal began in 1933. This view was endorsed by Fed Governor Ben Bernanke who in 2002 said in a speech honoring Friedman and Schwartz: Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression, you're right. We did it. We're very sorry. But thanks to you, we won't do it again. — Ben S. Bernanke The Wall Street Crash of 1929

414-532: A Republican candidate carried every single Southern state , continuing the region's transformation from a Democratic bastion into a Republican stronghold as Arkansas was carried by a Republican presidential candidate for the first time in a century. By this time, all the Southern states, except Arkansas and Texas, had been carried by a Republican in either the previous election or the one in 1964 (although Republican candidates carried Texas in 1928, 1952 and 1956). As

552-591: A landslide victory . With 60.7% of the popular vote, Richard Nixon won the largest share of the popular vote for the Republican Party in any presidential election. Nixon swept aside challenges from two Republican representatives in the Republican primaries to win renomination. McGovern, who had played a significant role in changing the Democratic nomination system after the 1968 presidential election , mobilized

690-522: A Republican faithless elector (see below). The Libertarian vice-presidential nominee Tonie Nathan became the first Jew and the first woman in U.S. history to receive an Electoral College vote. Linda Jenness was nominated by the Socialist Workers Party , with Andrew Pulley as her running-mate. Benjamin Spock and Julius Hobson were nominated for president and vice-president, respectively, by

828-484: A deficit for the first time (the deficit was less than 2.8% of GDP). By the end of 1931, Hoover had decided to recommend a large increase in taxes to balance the budget; in addition, Congress approved the tax increase in 1932, a substantial reduction in personal immunity to increase the number of taxpayers, and the interest rates had risen sharply, the lowest marginal rate rose from 25% on taxable income in excess of $ 100,000 to 63% on taxable income in excess of $ 1 million as

966-464: A job to anyone who showed up at the factory gate. The war brought a restoration of prosperity and hopeful expectations for the future across the nation. It had the greatest impact on the cities of the West Coast, especially Los Angeles, San Diego, San Francisco, Portland and Seattle. Economic historians led by Price Fishback have examined the impact of New Deal spending on improving health conditions in

1104-468: A major-party presidential nomination. Hawaii Representative Patsy Mink also announced she would run, and became the first Asian American person to run for the Democratic presidential nomination. On April 25, George McGovern won the Massachusetts primary. Two days later, journalist Robert Novak quoted a "Democratic senator", later revealed to be Thomas Eagleton, as saying: "The people don't know McGovern

1242-836: A majority in Presidio County . More significantly, the 1972 election was the most recent time several highly populous urban counties – including Cook in Illinois, Orleans in Louisiana, Hennepin in Minnesota, Cuyahoga in Ohio, Durham in North Carolina, Queens in New York, and Prince George's in Maryland – have voted Republican. The Wallace vote had also been crucial to Nixon being able to sweep

1380-588: A new running-mate (the moderates favoring Nelson Rockefeller , and Nixon favoring John Connally ), it was ultimately concluded that such action would incur too great a risk of losing Agnew's base of conservative supporters. Seven members of Vietnam Veterans Against the War were brought on federal charges for conspiring to disrupt the Republican convention. They were acquitted by a federal jury in Gainesville , Florida . Overall, fifteen people declared their candidacy for

1518-598: A normal part of economic life. Worried depositors started to withdraw savings, so the money multiplier worked in reverse. Banks were forced to liquidate assets (such as calling in loans rather than creating new loans). This caused the money supply to shrink and the economy to contract (the Great Contraction ), resulting in a significant decline in aggregate investment. The decreased money supply further aggravated price deflation , putting more pressure on already struggling businesses. The U.S. Government 's commitment to

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1656-470: A number of important political analyses on the subjugation of Black women, termed "triple exploitation" by Louise Thompson Patterson in her 1936 article "Toward a Brighter Dawn." As the Great Depression trekked onward, homelessness spiked. For the first time in American history, the issue of homelessness was brought to the forefront of the public eye. In search of work, men would board trains and travel across

1794-472: A physician or a midwife to perform the abortion. The Comstock laws effectively prevented women from accessing or talking about contraception until 1950 when it was repealed with the Griswold v. Connecticut case. Only a few states allowed physicians to provide information and contraception. Despite this, women and companies found ways around this law to receive and provide birth control. The most popular method

1932-516: A range of politicians unusual at the time for its diversity. Although still broadly consisting of the White Anglo-Saxon Protestants who dominated the conservative coalition as well, New Dealers also grew to include new ethno-religious constituencies, such as Catholics and Jews, in addition to liberal White southerners, trade unionists , urban machinists , progressive intellectuals, populist farm groups, and even some ex-Republicans from

2070-436: A result caused several of the everyday individuals to speculate on the economy in the coming months. Rumors of market stability and banking conditions began to spread, consumer confidence continued to drop and panic began to set in. Contagion spread like wildfire pushing Americans all over the country to withdraw their deposits en masse . This idea would continue from 1929 to 1933 causing the greatest financial crisis ever seen at

2208-464: A result of this election, Massachusetts became the only state that Nixon did not carry in any of the three presidential elections in which he was a candidate. Notably, Nixon became the first Republican to ever win two terms in the White House without carrying Massachusetts at least once, and the same feat would later be duplicated by George W. Bush who won both the 2000 and 2004 elections without winning Massachusetts either time. This presidential election

2346-518: A sense of humor but sometimes housewife rage exploded. In Chicago, angry Polish housewives doused thousands of pounds of meat with kerosene and set it on fire at the warehouses of the Armour Company to dramatize their belief that high prices were not the result of shortages. Formal organizations were formed by housewives as well, based on the power of these earlier community-based demonstrations: United Council of Working Class Women, Women's Committee of

2484-660: A short time in Massachusetts. Nixon managed to win 18% of the African American vote (Gerald Ford would get 16% in 1976). Until 2024, he was the only Republican in modern times to threaten the oldest extant Democratic stronghold of South Texas : this is the last election when the Republicans have won Hidalgo or Dimmit counties, the only time Republicans have won La Salle County between William McKinley in 1900 and Donald Trump in 2020, and one of only two occasions since Theodore Roosevelt in 1904 that Republicans have gained

2622-424: A single day, more than $ 30 billion in the week. The value that evaporated that week was ten times more than the entire federal budget and more than all of what the U.S. had spent on World War I . By 1930 the value of shares had fallen by 90%. Since many banks had also invested their clients' savings in the stock market, these banks were forced to close when the stock market crashed. After the stock market crash and

2760-458: A sixth party system, there is a fair amount of disagreement about how exactly we arrived at this new system and about its particular contours. Scholars do, however, agree that there has been significant change in American electoral politics since the 1960s. Opinions on when the Fifth Party System ended include the following: The elections of 1966 to 1968; the election of 1972; the 1980s, when both parties began to become more unified and partisan; and

2898-559: A strong non-major-party vote. Nixon received the highest share of the popular vote for a Republican in history. Although the McGovern campaign believed that its candidate had a better chance of defeating Nixon because of the new Twenty-sixth Amendment to the United States Constitution that lowered the national voting age to 18 from 21, most of the youth vote went to Nixon. This was the first election in American history in which

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3036-543: A third-party ticket in 1968 , did well in the South (winning nearly every county in the Florida primary) and among alienated and dissatisfied voters in the North . What might have become a forceful campaign was cut short when Wallace was shot in an assassination attempt by Arthur Bremer on May 15. Wallace was struck by five bullets and left paralyzed from the waist down. The day after

3174-719: A way for the hungry to access free food. However, these kitchens were also overcrowded and often ran out of food before everyone could be served, so they were not always a reliable source of food. Homeless individuals that did not stay in shelters sometimes stayed in shantytowns, or "Hoovervilles" (named after Herbert Hoover, the president in office when the Depression began). These "Hoovervilles" were self-made communities of homeless people that followed their own rules and established their own society. Men, women, and even some children lived in these shantytowns and people from all different types of socio-economic backgrounds lived together, which

3312-512: A whole experienced a massive reduction in banking footholds across the country amounting to more than nine thousand closed banks by 1933. The closures resulted in a massive withdrawal of deposits by millions of Americans estimated at near $ 6.8 billion ($ 136 billion in 2023 dollars). During this time the Federal Deposit Insurance Corporation (FDIC) was not in place resulting in a loss of roughly $ 1.36 billion (or 20%) of

3450-413: Is by Michael Darby in 1976. He put the unemployment rate at a peak of 22.5 percent in 1932. Job losses were less severe among women, workers in non durable industries (such as food and clothing), services and sales workers, and those employed by the government. Unskilled inner city men had much higher unemployment rates. Age also played a factor. Young people had a hard time getting their first job. Men over

3588-511: Is evident that the banking system suffered massive reductions across the country due to the lack of consumer confidence. As withdraw requests would exceed cash availability banks began conducting steed discount sales such as fire sales and short sales. Due to the inability to immediately determine current value worth these fire sales and short sales would result in massive losses when recuperating any possible revenue for outstanding and defaulted loans. This would allow healthy banks to take advantage of

3726-450: Is for amnesty, abortion, and legalization of pot. Once middle America – Catholic middle America, in particular – finds this out, he's dead." The label stuck, and McGovern became known as the candidate of "amnesty, abortion, and acid". It became Humphrey's battle cry to stop McGovern—especially in the Nebraska primary. Alabama Governor George Wallace , an infamous segregationist who ran on

3864-562: Is noted by many to have been the biggest player in reforming healthcare for Black folks during the Depression. The efforts of these "Militant Housewives" had lasting effects on the United States, predominantly the expansion of welfare and the growth of diverse feminist movements, as well as the strengthening of unionization movements in the US. Black women's involvement in Communist organizing produced

4002-669: Is often cited as the beginning of the Great Depression. It began on October 24, 1929, and kept going down until March 1933. It was the longest and most devastating stock market crash in the history of the United States. Much of the stock market crash can be attributed to exuberance and false expectations. In the years leading up to 1929, the rising stock market prices had created vast sums of wealth in relation to amounts invested, in turn encouraging borrowing to buy more stock. However, on October 24 (Black Thursday), share prices began to fall and panic selling caused prices to fall sharply. On October 29 (Black Tuesday), share prices fell by $ 14 billion in

4140-446: Is precisely because of the shaky banking system, the United States was using monetary policy to save the economy that had been severely constrained. The American economist Charles P. Kindleberger of long-term studying of the Great Depression pointed out that in the 1929, before and after the collapse of the stock market, the Fed lowered interest rates, tried to expand the money supply and eased

4278-496: Is so distinct and so portentous that one can no longer deny its existence or its character." The Princeton Encyclopedia of American Political History dates the start of the Sixth Party system in 1980, with the election of Reagan and a Republican Senate. Arthur Paulson argues, "Whether electoral change since the 1960s is called 'realignment' or not, the 'sixth party system' emerged between 1964 and 1972." Great Depression in

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4416-462: The 1938 United States elections the Republicans made an unexpected comeback, and Roosevelt's efforts to purge the Democratic Party of his political opponents backfired badly. The conservative coalition of Northern Republicans and Southern Democrats took control of Congress, outvoted the urban liberals, and halted the expansion of New Deal ideas. Roosevelt survived in 1940 thanks to his margin in

4554-520: The Democratic National Committee , to refer sardonically to President Herbert Hoover whose policies Michelson blamed for the depression. The government did not calculate unemployment rates in the 1930s. The most widely accepted estimates of unemployment rates for the Great Depression are those by Stanley Lebergott from the 1950s. He estimated that unemployment reached 24.9 percent in the worst days of 1933. Another commonly cited estimate

4692-538: The Gold Standard as the country's currency gauge throughout the following years. As a result, the American shareholders with the majority of the gold reserves began to grow wary of the value of gold in the near future. Europe 's decision to move away from the Gold Standard caused individuals to start to withdraw gold shares and move the investments out of the country or began to hoard gold for future investment. The market continued to suffer due to these reactions, and as

4830-846: The Great Plains (the Okies ) and the South to places such as California and the cities of the North (the Great Migration ). Racial tensions also increased during this time. The memory of the Depression also shaped modern theories of government and economics and resulted in many changes in how the government dealt with economic downturns, such as the use of stimulus packages , Keynesian economics , and Social Security . It also shaped modern American literature, resulting in famous novels such as John Steinbeck 's The Grapes of Wrath and Of Mice and Men . Examining

4968-619: The Northeast . These groups all became primary voting blocs of the Democratic Party that are still dominant in the modern era. The Republican Party underwent a dramatic ideological change of its own during this period, consisting of a conservative wing led by Senator Robert A. Taft and then Barry Goldwater , and a moderate to liberal wing led by Thomas Dewey , Nelson Rockefeller , Earl Warren , Jacob Javits , George W. Romney , William Scranton , Henry Cabot Lodge Jr. , and Prescott Bush . The liberal wing experienced more electoral victories than

5106-554: The Peace Corps , later accepted. He was officially nominated by a special session of the Democratic National Committee . By this time, McGovern's poll ratings had plunged from 41 to 24 percent. The only major third party candidate in the 1972 election was conservative Republican Representative John G. Schmitz , who ran on the American Independent Party ticket (the party on whose ballot George Wallace ran in 1968). He

5244-558: The People's Party . McGovern ran on a platform of immediately ending the Vietnam War and instituting a radical guaranteed minimum income for the nation's poor. His campaign was harmed by his views during the primaries (which alienated many powerful Democrats), the perception that his foreign policy was too extreme, and the Eagleton debacle. With McGovern's campaign weakened by these factors, with

5382-404: The anti-Vietnam War movement and other liberal supporters to win his party's nomination . Among the candidates he defeated were early front-runner Edmund Muskie , 1968 nominee Hubert Humphrey , governor George Wallace , and representative Shirley Chisholm . Nixon emphasized the strong economy and his success in foreign affairs, while McGovern ran on a platform calling for an immediate end to

5520-514: The causes of the Great Depression raises multiple issues: what factors set off the first downturn in 1929; what structural weaknesses and specific events turned it into a major depression; how the downturn spread from country to country; and why the economic recovery was so prolonged. Many rural banks began to fail in October 1930 when farmers defaulted on loans. There was no federal deposit insurance during that time as bank failures were considered

5658-421: The gold standard prevented it from engaging in expansionary monetary policy . High interest rates needed to be maintained in order to attract international investors who bought foreign assets with gold. However, the high interest also inhibited domestic business borrowing. The U.S. interest rates were also affected by France 's decision to raise their interest rates to attract gold to their vaults. In theory,

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5796-416: The 114 largest cities, 1929–1937. They estimated that every additional $ 153,000 in relief spending (in 1935 dollars, or $ 1.95 million in year 2000 dollars) was associated with a reduction of one infant death, one suicide, and 2.4 deaths from infectious disease. The Great Depression's political landscape proved conducive to the first large-scale movement of class-conscious working-class women organizers since

5934-583: The 1932 and 1936 elections allowed the Democratic Party to make inroads in the North for the first time since the Second Party System and made other non-South regions competitive. The onset of the Great Depression undermined the confidence of business in Republican promises of prosperity. The four consecutive elections of Franklin D. Roosevelt delivered the Democrats virtually uncontested dominance. By

6072-404: The 1990s, due to cultural divisions. Stephen Craig argues for the 1972 elections when Richard Nixon won a 49-state landslide. He notes that, "There seems to be consensus on the appropriate name for the sixth party system... Changes that occurred during the 1960s were so great and so pervasive that they cry out to be called a critical-election period. The new system of candidate-centered parties

6210-459: The Democratic Party nomination. They were: Senate Majority Whip Ted Kennedy , the youngest brother of late President John F. Kennedy and late United States Senator Robert F. Kennedy , was the favorite to win the 1972 nomination, but he announced he would not be a candidate. The favorite for the Democratic nomination then became Maine Senator Ed Muskie , the 1968 vice-presidential nominee. Muskie's momentum collapsed just prior to

6348-596: The Fifth Party system was particularly popular in the 1970s, with some specifying a culminating date as early as 1960. In Parties and Elections in America: The Electoral Process (2011), authors L. Sandy Maisel and Mark D. Brewer argue that the consensus among experts is that the Sixth System is underway based on American electoral politics since the 1960s: Although most in the field now believe we are in

6486-488: The Great Depression due to the lack of confidence in the regulatory and recovery displayed during the 1920s, this ultimately drove a nation of doubts, uneasiness, and lack of consumer confidence in the banking system. With a lack of consumer confidence in the economic direction given by the federal government panic started to spread across the country shortly after the Wall Street Crash of 1929 . President Hoover retained

6624-504: The New Deal through the Hoover and Roosevelt administration. One visible effect of the depression was the advent of Hoovervilles , which were ramshackle assemblages on vacant lots of cardboard boxes, tents, and small rickety wooden sheds built by homeless people. Residents lived in the shacks and begged for food or went to soup kitchens. The term was coined by Charles Michelson, publicity chief of

6762-592: The New Hampshire primary, when the so-called " Canuck letter " was published in the Manchester Union-Leader . The letter, actually a forgery from Nixon's "dirty tricks" unit, claimed that Muskie had made disparaging remarks about French-Canadians  – a remark likely to injure Muskie's support among the French-American population in northern New England . Subsequently, the paper published an attack on

6900-403: The North were limited, they were nonexistent in the South. Many homeless African Americans relied on aid from their own communities. Churches and Black-run organizations often provided their own soup kitchens and shelters to make up for aid the government wasn't providing its African American citizens. Both birth control and abortion were illegal prior to and during the Great Depression. With

7038-404: The Republican Party nationwide until 1980 , when Ronald Reagan was elected president and successfully revitalized the party. With his ascension, Reagan effectively swept away the last remnants of the party's liberal wing, who had all switched to the Democratic Party by this time. For this reason, Reagan's election is widely regarded as marking the end of the Fifth Party System and the beginning of

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7176-565: The Republicans portraying McGovern as a radical left-wing extremist, Nixon led in the polls by large margins throughout the entire campaign. With an enormous fundraising advantage and a comfortable lead in the polls, Nixon concentrated on large rallies and focused speeches to closed, select audiences, leaving much of the retail campaigning to surrogates like Vice President Agnew. Nixon did not, by design, try to extend his coattails to Republican congressional or gubernatorial candidates, preferring to pad his own margin of victory. Nixon's percentage of

7314-552: The Sixth Party System that arguably continues today. The party system model with its numbering and demarcation of the historical systems was introduced in 1967 by Chambers and Burnham. Much of the work published on the subject has been by political scientists explaining the events of their time as either the imminent breakup of the Fifth Party System, and the installation of a new one, or suggesting that this transition had already taken place some time ago. The notion of an end to

7452-468: The Solid South and in the cities. In the North the cities over 100,000 gave Roosevelt 60% of their votes, while the rest of the North favored Willkie 52–48%. With the start of full-scale war mobilization in the summer of 1940, the economies of the cities rebounded. Even before Pearl Harbor, Washington pumped massive investments into new factories and funded round-the-clock munitions production, guaranteeing

7590-527: The Soviet Union. In the New Hampshire primary , McCloskey garnered 19.8% of the vote to Nixon's 67.6%, with Ashbrook receiving 9.7%. Nixon won 1323 of the 1324 delegates to the Republican convention, with McCloskey receiving the vote of one delegate from New Mexico. Vice President Spiro Agnew was re-nominated by acclamation; while both the party's moderate wing and Nixon himself had wanted to replace him with

7728-517: The U.S. and some others the negative economic impact often lasted until the beginning of World War II, when war industries stimulated recovery. There is little agreement on what caused the Great Depression, and the topic has become highly politicized. At the time the great majority of economists around the world recommended the "orthodox" solution of cutting government spending and raising taxes. However, British economist John Maynard Keynes advocated large-scale government deficit spending to make up for

7866-461: The U.S. government. Due to the downturned economy, jobs were scarce and Black men were a huge target of the lay-offs, making up a large population of the unemployed during the Depression. Black folks were also still unable to vote at this time in the Jim Crow south, meaning Black families were facing immense compounding pressures. These conditions set the precedent for Black women to take action and demand

8004-440: The U.S. would have two potential responses to that: allow the exchange rate to adjust, or increase their own interest rates to maintain the gold standard. At the time, the U.S. was pegged to the gold standard. Therefore, Americans converted their dollars into francs to buy more French assets, the demand for the U.S. dollar fell, and the exchange rate increased. One of the only things the U.S. could do to get back into equilibrium

8142-564: The United States In the United States , the Great Depression began with the Wall Street Crash of October 1929 and then spread worldwide. The nadir came in 1931–1933, and recovery came in 1940. The stock market crash marked the beginning of a decade of high unemployment , famine, poverty, low profits, deflation , plunging farm incomes, and lost opportunities for economic growth as well as for personal advancement. Altogether, there

8280-405: The United States have a long history of activism regarding housing and the cost of food despite the common and longstanding misconception that homemakers are passive and apolitical. The rising prices in the U.S. meant a new issue for consumers: the concept of being an "ethical consumer" and reckoning with their own consumer behavior in the ever-changing markets. As the government acted minimally at

8418-464: The Vietnam War and the institution of a guaranteed minimum income . Nixon maintained a large lead in polling. Separately, Nixon's reelection committee broke into the Watergate complex to wiretap the Democratic National Committee 's headquarters as part of the Watergate scandal . McGovern's general election campaign was damaged early on by revelations about his running mate Thomas Eagleton , as well as

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8556-641: The Washington Commonwealth Federation, Women's Committee against the High Cost of Living, Housewives Industrial League, and the Housewives' League of Detroit to name a few. New ways of activism came out of these boycotts and a renewed awareness of where folks were putting their money came with concerns from American consumers. One unique demonstration by the League of Women Shoppers and Lee Simonson

8694-452: The advent of popular presidential elections. In nineteen states, McGovern failed to carry a single county; he carried a mere one county-equivalent in a further nine states, and just two counties in a further seven. In contrast to Walter Mondale 's narrow 1984 win in Minnesota, McGovern comfortably did win Massachusetts, but lost every other state by no less than five percentage points, as well as 45 states by more than ten percentage points –

8832-426: The age of 45, if they lost their job, would rarely find another one because employers had their choice of younger men. Millions were hired in the Great Depression, but men with weaker credentials were not, and they fell into a long-term unemployment trap. The migration in the 1920s that brought millions of farmers and townspeople to the bigger cities suddenly reversed itself. Unemployment made the cities unattractive, and

8970-404: The aid that was offered there. While other shelters accepted African Americans, the fear of racial violence and discrimination from the municipal organizers or other residents was still a threat that lingered over their heads. Many homeless shelters were also located in inconvenient neighborhoods for African Americans, so they were unable to access them. If municipal shelters for African Americans in

9108-528: The assassination attempt, Wallace won the Michigan and Maryland primaries, but the shooting effectively ended his campaign, and he pulled out in July. In the end, McGovern won the nomination by winning primaries through grassroots support, in spite of establishment opposition. McGovern had led a commission to re-design the Democratic nomination system after the divisive nomination struggle and convention of 1968 . However,

9246-438: The bank closures, people were afraid of losing more money. Because of their fears of further economic challenge, individuals from all classes stopped purchasing and consuming. Thousands of individual investors who believed they could get rich by investing on margin lost everything they had. The stock market crash severely impacted the American economy. A large contribution was the closure and suspension of thousands of banks across

9384-432: The banking crisis as state bank and trust companies were not compelled to be a member, paper eligible discount member banks heavily restricted access to the Federal Reserve, power between the twelve Federal Reserve banks was decentralized and federal level leadership was ineffective, inexperienced, and weak. Throughout the early 1900s banking regulations were extremely lax if not non-existent. The Currency Act of 1900 lowered

9522-401: The banking level pushing the economic recovery efforts further from resolution. An increase in the currency-deposit ratio and a money stock determinant forced money stock to fall and income to decline. This panic-induced banking failure took a mild recession to a major recession. Whether this caused the Great Depression is still heavily debated due to many other attributing factors. However, it

9660-487: The banks to resort to short or liquidate existing loans. In the race to liquidate assets the banking system began to fail on a wide scale. In November 1930 the first major banking crisis began with over 800 banks closing their doors by January 1931. By October 1931 over 2100 banks were suspended with the highest suspension rate recorded in the St. Louis Federal Reserve District, with 2 out of every 5 banks suspended. The economy as

9798-450: The bid to be McGovern's running mate , but he continually refused their advances, and instead suggested U.S. Representative (and House Ways and Means Committee chairman) Wilbur Mills from Arkansas and Boston Mayor Kevin White . Offers were then made to Hubert Humphrey , Connecticut Senator Abraham Ribicoff , and Minnesota Senator Walter Mondale , all of whom turned it down. Finally,

9936-464: The character of Muskie's wife Jane , reporting that she drank and used off-color language during the campaign. Muskie made an emotional defense of his wife in a speech outside the newspaper's offices during a snowstorm. Though Muskie later stated that what had appeared to the press as tears were actually melted snowflakes, the press reported that Muskie broke down and cried, shattering the candidate's image as calm and reasoned. Nearly two years before

10074-414: The cheapest possible relief, including soup kitchens providing free meals to anyone who showed up. After 1933, new sales taxes and infusions of federal money helped relieve the fiscal distress of the cities, but the budgets did not fully recover until 1941. The federal programs launched by Hoover and greatly expanded by President Roosevelt's New Deal used massive construction projects to try to jump-start

10212-552: The cities, turned out 80% for FDR, as did Irish, Italian and Jewish communities. In all, the nation's 106 cities over 100,000 population voted 70% for FDR in 1936, compared to his 59% elsewhere. Roosevelt worked very well with the big city machines, with the one exception of his old nemesis, Tammany Hall in Manhattan. There he supported the complicated coalition built around the nominal Republican Fiorello La Guardia , and based on Jewish and Italian voters mobilized by labor unions. In

10350-460: The conservatives until the election of Richard Nixon in 1968 , marking conservative Republicans' first major victory, as Eisenhower had been more aligned with the Party's liberal wing. Despite his rhetoric, Nixon continued and expanded on liberal policies stating in 1971 " We are all Keynesians now ". However, Nixon's implication in the Watergate scandal ruined him and badly damaged public perception of

10488-441: The cost in the future. Maternal mortality rates rose during the depression, resulting from infections or hemorrhages of self-performed abortions, or methods that women used to try and control their reproduction. The New York Academy of Medicine conducted a study and found that 12.8% of maternal deaths were due to septic abortion. With lower-class women attempting to self-abort due to their new poverty, preventing them from visiting

10626-524: The country mobilized in this ongoing time of hardship. Historian Annelise Orleck recounts the following demonstrations from a variety of communities: In New York City, organized bands of Jewish housewives fiercely resisted eviction, arguing that they were merely doing their jobs by defending their homes and those of their neighbors. Barricading themselves in apartments, they made speeches from tenement windows, wielded kettles of boiling water, and threatened to scald anyone who attempted to move furniture out on to

10764-530: The country's founding. Housewives, mothers, and working-class women regardless of employment status were driven by rising market prices to become political players within their communities. Black women and immigrant women were essential to these movements, mobilizing their communities to advocate for better conditions. This activism included food boycotts, anti-eviction rallies, the establishment of barter networks, calls for price regulations for food and housing, and gardening co-ops to battle food insecurity. Women in

10902-780: The country, in hopes of finding a way of sending money to their families back home. These men became known as "transients", which was the most common way to refer to these unemployed, homeless individuals. Large urban areas, such as Los Angeles , San Francisco , Chicago , and New York City , became flooded with transients searching for work, causing major train stations to be overcrowded with illegal passengers. Homeless individuals who were not transient often stayed in municipal shelters, which were government-run homeless shelters that provided housing and food. Because these shelters were often placed in large urban areas, they were often overcrowded with poor-quality food and state of living. Soup kitchens also became popular during this time as they were

11040-410: The country. Financial institutions failed for several reasons, including unregulated lending procedures, confidence in the gold standard , consumer confidence in future economics, and agricultural defaults on outstanding loans. With these compounding issues the banking system struggled to keep up with the public's increasing demand for cash withdrawals. This overall decreased the money supply and forced

11178-514: The current economic and population standards. Banking profitability and loan standards begin to deteriorate as early as 1900 as a result. Crop failures beginning in 1921 began to impact this poorly regulated system, the expansion areas of corn and cotton suffered the largest due to the Dust Bowl era resulting in real estate value reductions. In addition, the year 1921 was the peak for banking expansion with roughly 31,000 banks in activity, however, with

11316-535: The depression, President Herbert Hoover , widely blamed for not doing enough to combat the crisis, lost the election of 1932 to Franklin Delano Roosevelt by a landslide. Roosevelt's economic recovery plan, the New Deal , instituted unprecedented programs for relief, recovery and reform, and brought about a major realignment of politics with liberalism dominant and conservatism in retreat until 1938. There were mass migrations of people from badly hit areas in

11454-498: The dichotomy of the positions they assumed in society under early feminism: The home may be the woman's place, but the "home" was no longer just the family's isolated home and property. Black women served a particularly radical role through the furthering of working-class women's movements. The Great Depression had particularly strong effects on the Black community in the 1920s and 30s, forcing Black women to reckon with their relationship to

11592-525: The economic downturn, more families turned toward birth control and abortion to help control family sizing, due to not being able to afford children. In 1936, thousands of women in New Jersey had an abortion "insurance" with more being card-carrying members to a "Birth Control Club", which allowed them access to regular exams and abortions for a fee. This shows that compared to the past, women were now expecting to have abortions, and looking for ways to help lower

11730-418: The economy and solve the unemployment crisis. The alphabet agencies CCC , FERA , WPA and PWA built and repaired the public infrastructure in dramatic fashion, but did little to foster the recovery of the private sector. FERA, CCC and especially WPA focused on providing unskilled jobs for long-term unemployed men. The Democrats won easy landslide victories in 1932 and 1934, and an even bigger one in 1936;

11868-441: The election, South Dakota Senator George McGovern entered the race as an anti-war, progressive candidate. McGovern was able to pull together support from the anti-war movement and other grassroots support to win the nomination in a primary system he had played a significant part in designing. On January 25, 1972, New York Representative Shirley Chisholm announced she would run, and became the first African-American woman to run for

12006-657: The election. Agnew resigned due to a bribery scandal in October 1973, and Nixon resigned in the face of likely impeachment and conviction as a result of the Watergate scandal in August 1974. Republican House Minority Leader Gerald Ford replaced Agnew as vice president in December 1973, and thus replaced Nixon as president in August 1974. Ford remains the only person in American history to become president without winning an election for president or vice president. Republican candidates: Nixon

12144-530: The exceptions being Massachusetts, Minnesota, Rhode Island, Wisconsin, and his home state of South Dakota. This election also made Nixon the second former vice president in American history to serve two terms back-to-back, after Thomas Jefferson in 1800 and 1804 , as well as the only two-term Vice President to be elected President twice. Since McGovern carried only one state, bumper stickers reading "Nixon 49 America 1", "Don't Blame Me, I'm From Massachusetts", and "Massachusetts: The One And Only" were popular for

12282-462: The failure of private investment. No major nation adopted his policies in the 1930s. The stock market crash in 1929 not only affected the business community and the public's economic confidence, but it also led to the banking system soon after the turmoil. The boom of the US economy in the 1920s was based on high indebtedness, and the rupture of the debt chain caused by the collapse of the bank had produced widespread and far-reaching adverse effects. It

12420-426: The failures at the agricultural level 505 banks would close between 1921 and 1930 marking the largest banking system failure on record. Regulatory questions began to hit the debating table around banking qualifications as a result; discussions would continue into the Great Depression as not only were banks failing but some would disappear altogether with no rhyme or reason. The panic of financial crisis would increase in

12558-406: The financial market tensions for several times; however, they were not successful. The fundamental reason was that the relationship between various credit institutions and the community was in a drastic adjustment process, the normal supply channels for money supply were blocked. Later, some economists argued that the Fed should do a large-scale opening market business at that time, but the essence of

12696-632: The first time since 1828, Maine allowed its electoral votes to be split between candidates. Two electoral votes were awarded to the winner of the statewide race and one electoral vote to the winner of each congressional district. This was the first time the Congressional District Method had been used since Michigan used it in 1892. Nixon won all four votes. States where margin of victory was more than 5 percentage points, but less than 10 percentage points (43 electoral votes): Tipping point states: Counties with highest percentage of

12834-453: The first two decades of the 1900s. The unregulated growth of small rural banking institutions can be partially attributed to the rising cost of agriculture especially in the Corn Belt and Cotton Belt . Throughout the corn and cotton belts real estate increases drove the demand for more local funding to continue to supply rising agricultural economics. The rural banking structures would supply

12972-584: The government expand welfare. In collaboration with their white counterparts, Black women would help to form the National Welfare Rights Organization . "Don't Buy Where You Can't Work" boycotts broke out in Black communities, using the role of the homemaking consumer to leverage jobs for Black adults. Black housewives lead marches calling for the government to regulate prices on food while nurses from Black communities set up reproductive health and pre/post natal clinics. Midwife Maude E. Callen

13110-461: The hapless Republican Party seemed doomed. The Democrats capitalized on the magnetic appeal of Roosevelt to urban America. The key groups were low-skilled and Catholics, Jews, and Blacks were especially impacted. The Democrats promised and delivered in terms of political recognition, labor union membership, and relief jobs. The cities' political machines were stronger than ever, for they mobilized their precinct workers to help families who needed help

13248-420: The lending process. Over banked conditions existed which pressured struggling banks to increase their services (specifically to the agricultural customers) without any additional regulatory oversight or qualifications. This dilemma introduced several high-risk and marginal business returns to the banking market. Banking growth would continue through the first two decades well outside of previous trends disregarding

13386-489: The most included construction, shipping, mining, logging, and agriculture. Also hard hit was the manufacturing of durable goods like automobiles and appliances, whose purchase consumers could postpone. The economy hit bottom in the winter of 1932–1933; then came four years of growth until the recession of 1937–1938 brought back high levels of unemployment. The Depression caused major political changes in America. Three years into

13524-496: The most navigate the bureaucracy and get on relief. FDR won the vote of practically every demographic in 1936, including taxpayers, small business and the middle class. However, the Protestant middle-class voters turned sharply against him after the recession of 1937–38 undermined repeated promises that recovery was at hand. Historically, local political machines were primarily interested in controlling their wards and citywide elections;

13662-404: The national popular vote, the lowest share received by a Democratic Party nominee since John W. Davis won only 28.8 percent of the vote in the 1924 election . The only major party candidate since 1972 to receive less than 40 percent of the vote was Republican incumbent President George H. W. Bush who won 37.4 percent of the vote in the 1992 election , a race that (as in 1924) was complicated by

13800-504: The needed capital to meet the farm commodity market , however, this came with a price of reliability and low risk lending. Economic growth was promising from 1887 to 1920 with an average of 6 percent growth in GDP. In particular, the participation in World War I drove a booming agricultural market that drove optimism at the consumer and lending level which, in turn, resulted in a more lax approach in

13938-429: The network of kinfolk and more ample food supplies made it wise for many to go back. City governments in 1930–31 tried to meet the depression by expanding public works projects , as President Herbert Hoover strongly encouraged. However, tax revenues were plunging, and the cities as well as private relief agencies were totally overwhelmed by 1931; no one was able to provide significant additional relief. People fell back on

14076-535: The new rules angered many prominent Democrats whose influence was marginalized, and those politicians refused to support McGovern's campaign (some even supporting Nixon instead), leaving the McGovern campaign at a significant disadvantage in funding, compared to Nixon. Some of the principles of the McGovern Commission have lasted throughout every subsequent nomination contest, but the Hunt Commission instituted

14214-459: The others being Thomas Jefferson, Henry Clay, Andrew Jackson, Grover Cleveland, William Jennings Bryan, Franklin D. Roosevelt, and Donald Trump. The 520 electoral votes received by Nixon, added to the 301 electoral votes he received in 1968 , and the 219 electoral votes he received in 1960 , gave him the second largest number of electoral votes received by any presidential candidate (after Franklin D. Roosevelt 's 1,876 total electoral votes). For

14352-411: The perception that McGovern's platform was radical. Eagleton had undergone electroconvulsive therapy as a treatment for depression, and he was replaced by Sargent Shriver after only nineteen days on the ticket. Nixon won the election in a landslide victory , taking 60.7% of the popular vote, carrying 49 states and becoming the first Republican to sweep the South , whereas McGovern took just 37.5% of

14490-461: The popular vote was only marginally less than Lyndon Johnson's record in the 1964 election , and his margin of victory was slightly larger. Nixon won a majority vote in 49 states, including McGovern's home state of South Dakota . Only Massachusetts and the District of Columbia voted for the challenger, resulting in an even more lopsided Electoral College tally. McGovern garnered only 37.5 percent of

14628-458: The popular vote. This marked the most recent time that the Republican nominee carried Minnesota in a presidential election; it also made Nixon the only two-term vice president to be elected president twice. The 1972 election was the first since the ratification of the 26th Amendment , which lowered the voting age from 21 to 18, further expanding the electorate. Nixon and his vice president Spiro Agnew both resigned from office within two years of

14766-457: The presidential election approaching, the political heat generated by the Great Depression and the failure of Hoover's policies grew only more withering. 1972 United States presidential election Richard Nixon Republican Richard Nixon Republican Presidential elections were held in the United States on November 7, 1972. Incumbent Republican President Richard Nixon defeated Democratic Senator George McGovern in

14904-479: The provisions of the Twenty-second Amendment as a result of his victory, became the first presidential candidate to win a significant number of electoral votes in three presidential elections since the ratification of that Amendment, only Donald Trump has done the same. As of 2024, Nixon was the seventh of eight presidential nominees to win a significant number of electoral votes in at least three elections,

15042-505: The rates were made much more progressive. Hoover changed his approach to fighting the Depression. He justified his call for more federal assistance by noting that "We used such emergency powers to win the war; we can use them to fight the Depression, the misery, and suffering from which are equally great." This new approach embraced a number of initiatives. Unfortunately for the President, none proved especially effective. Just as important, with

15180-435: The required capital of investors from 50,000 to 25,000 to create a national bank . As a result of this change nearly two thirds of the banks formed over the next ten years were quite small, averaging just above the 25,000 in required capital. The number of banks would nearly double (number of banks divided by Real GDP) from 1890 to 1920 due to the lack of oversight and qualification when banking charters were being issued in

15318-485: The selection of superdelegates a decade later, in order to reduce the nomination chances of outsiders such as McGovern and Jimmy Carter . George McGovern George Wallace Shirley Chisholm Terry Sanford Henry M. Jackson Results: Most polls showed McGovern running well behind incumbent President Richard Nixon , except when McGovern was paired with Massachusetts Senator Ted Kennedy . McGovern and his campaign brain trust lobbied Kennedy heavily to accept

15456-524: The show marched in protest of the boycott, opening a national conversation about the definition of ethical consumerism. This was one of America's first highly effective acts of fashion activism . As women either returned or began to enter the workforce, the deplorable conditions quickly became clear to them. The lack of sanitation practices, poor wages, and otherwise unsafe work environments were no longer issues that workers were willing to power through when so many other burdens were weighing on them outside of

15594-497: The smaller the turnout on election day, the easier it was to control the system. However, for Roosevelt to win the presidency in 1936 and 1940, he needed to carry the electoral college and that meant he needed the largest possible majorities in the cities to overwhelm rural voters. The machines came through for him. The 3.5 million voters on relief payrolls during the 1936 election cast 82% percent of their ballots for Roosevelt. The rapidly growing, energetic labor unions, chiefly based in

15732-596: The statement was that the US government should be quick to implement measures to expand fiscal spending and fiscal deficits. Between the 1920s and 1930s, The United States began to try the tight money policy to promote economic growth. In terms of the fiscal policy, the US government failed to reach a consensus on the fiscal issue. President Hoover began to expand federal spending, setting up the Reconstruction Finance Corporation to provide emergency assistance to banks and financial institutions that were on

15870-411: The states that had narrowly held out against him in 1968 (Texas, Maryland, and West Virginia), as well as the states Wallace won himself (Arkansas, Louisiana, Alabama, Mississippi, and Georgia). The pro-Wallace group of voters had only given AIP nominee John Schmitz a depressing 2.4% of its support, while 19.1% backed McGovern, and the majority 78.5% broke for Nixon. Nixon, who became term-limited under

16008-604: The street. Black mothers in Cleveland, unable to convince a local power company to delay shutting off electricity in the homes of families who had not paid their bills, won restoration of power after they hung wet laundry over every utility line in the neighborhood. They also left crying babies on the desks of caseworkers at the Cleveland Emergency Relief Association, refusing to retrieve them until free milk had been provided for each child. These actions reflected

16146-539: The struggling units forcing additional losses resulting in banks not being able to deliver on depositor demands and creating a failing cycle that would become widespread. Investment would continue to stay low through the next half-decade as the private sector would hoard savings due to uncertainty of the future. The federal government would run additional policy changes such as the Check tax, monetary restrictions (including reduction of money supply by burning), High Wage Policy, and

16284-429: The time found that 77 percent of the respondents said, "Eagleton's medical record would not affect their vote." Nonetheless, the press made frequent references to his "shock therapy", and McGovern feared that this would detract from his campaign platform. McGovern subsequently consulted confidentially with pre-eminent psychiatrists, including Eagleton's own doctors, who advised him that a recurrence of Eagleton's depression

16422-604: The time of their sweeping victory in 1936 , the Party had become dominated by the New Deal Coalition , remaining unchallenged until Dwight D. Eisenhower led Republicans to victory in 1952. Despite the power of the New Dealers, the conservative coalition , comprising northern Republicans and southern Democrats, generally controlled Congress from 1938 to 1964. Nevertheless, the New Deal Coalition quickly grew to include

16560-507: The time to protect consumers from predatory market tactics, many women as workers, housewives, and mothers found activism a natural part of their role in the name of protecting their families. The boycotts done by housewives predominantly revolved around targeting unfair businesses in their communities that price-gauged their shops or refused to support their workers' livelihoods to an acceptable degree. Housewives in New York were particularly active at this time, but housewives and mothers across

16698-474: The total $ 6.8 billion accounted for within the failed banks. These losses came directly from everyday individuals' savings, investments and bank accounts. As a result, GDP fell from the high seven-hundreds in 1929 to the low to mid six-hundreds in 1933 before seeing any recovery for the first time in nearly 4 years. Federal leadership intervention is highly debated on its effectiveness and overall participation. The Federal Reserve Act could not effectively tackle

16836-420: The verge of bankruptcy. Hoover's fiscal policy had accelerated the recession. In December 1929, as means of showing government confidence in the economy, Hoover reduced all income tax rates by 1% in 1929 due to the continuing budget surplus. By 1930, the surplus had turned into a fast-growing deficit of economic contraction. In 1931, the US federal fiscal revenue and expenditure changed from the financial surplus to

16974-472: The vice presidential slot was offered to Senator Thomas Eagleton from Missouri, who accepted the offer. With hundreds of delegates displeased with McGovern, the vote to ratify Eagleton's candidacy was chaotic, with at least three other candidates having their names put into nomination and votes scattered over 70 candidates. A grassroots attempt to displace Eagleton in favor of Texas state representative Frances Farenthold gained significant traction, though

17112-630: The vote in the North Dakota counties of Burke , Sheridan and Hettinger . Schmitz was endorsed by fellow John Birch Society member Walter Brennan , who also served as finance chairman for his campaign. John Hospers and Theodora "Tonie" Nathan of the newly formed Libertarian Party were on the ballot only in Colorado and Washington , but were official write-in candidates in four others, and received 3,674 votes, winning no states. However, they did receive one Electoral College vote from Virginia from

17250-590: The workplace. The 1930s brought falling wages and high unemployment, which had workplaces implementing strong efforts to keep women and Black folks out of jobs to better employ the preferred white male population, as well as keeping the few female and/or Black workers out of unions. International Ladies Garment Workers Union , Farmer-Labor Women's Federation of Minnesota, and American Federation of Labor were all run by working-class women demanding better conditions to work and raise their families under. The speeches and demonstrations done by these groups of women underscored

17388-459: The world were hit hard, especially those dependent on heavy industry . Construction was virtually halted in many countries. Farming and rural areas suffered as crop prices fell by approximately 60%. Facing plummeting demand with few alternate sources of jobs, areas dependent on primary sector industries such as grain farming, mining and logging, as well as construction, suffered the most. Most economies started to recover by 1933–34. However, in

17526-461: Was a fashion show, attended by high society women of D.C. , urging consumers to boycott unethically sourced (to protest Japanese actions during the 30's) and overpriced Japanese silk (a popular luxury fabric at the time). Simultaneously, a large number of predominantly unemployed women (as well as some garment workers and representatives from the American Federation of Hosiery Workers ) outside

17664-415: Was a general loss of confidence in the economic future. The usual explanations include numerous factors, especially high consumer debt , ill-regulated markets that permitted overoptimistic loans by banks and investors, and the lack of high-growth new industries. These all interacted to create a downward economic spiral of reduced spending, falling confidence and lowered production. Industries that suffered

17802-555: Was a popular incumbent president in 1972, as he was credited with opening the People's Republic of China as a result of his visit that year, and achieving détente with the Soviet Union . Polls showed that Nixon held a strong lead in the Republican primaries. He was challenged by two candidates: liberal Pete McCloskey from California, and conservative John Ashbrook from Ohio. McCloskey ran as an anti-war candidate, while Ashbrook opposed Nixon's détente policies towards China and

17940-608: Was increase interest rates. In the late 20th century, Winner of the Swedish Central Bank Nobel Memorial Prize in Economic Sciences economist Milton Friedman and his fellow monetarist Anna Schwartz argued that the Federal Reserve could have stemmed the severity of the Depression, but failed to exercise its role of managing the monetary system and ameliorating banking panics , resulting in

18078-489: Was on the ballot in 32 states and received 1,099,482 votes. Unlike Wallace, however, he did not win a majority of votes cast in any state, and received no electoral votes, although he did finish ahead of McGovern in four of the most conservative Idaho counties. Schmitz's performance in archconservative Jefferson County was the best by a third-party Presidential candidate in any free or postbellum state county since 1936 when William Lemke reached over twenty-eight percent of

18216-693: Was possible and could endanger the country, should Eagleton become president. McGovern had initially claimed that he would back Eagleton "1000 percent", only to ask Eagleton to withdraw three days later. This perceived lack of conviction in sticking with his running mate was disastrous for the McGovern campaign. McGovern later approached six prominent Democrats to run for vice president: Ted Kennedy, Edmund Muskie , Hubert Humphrey, Abraham Ribicoff , Larry O'Brien , and Reubin Askew . All six declined. Sargent Shriver , brother-in-law to John, Robert, and Ted Kennedy, former Ambassador to France , and former Director of

18354-404: Was rapidly growing. Department stores became the most popular place to receive female contraception and these stores created departments where women could shop for contraception in privacy. When women were becoming wary of purchasing inside department stores, manufacturers switched to selling at their homes. In 1930, female contraceptives outnumbered condom sales five to one. By 1940, the market size

18492-612: Was the first since 1808 in which New York did not have the largest number of electors in the Electoral College, having fallen to 41 electors vs. California 's 45. Additionally, this remains the last one in which Minnesota was carried by the Republican candidate. McGovern won a mere 130 counties, plus the District of Columbia and four county-equivalents in Alaska, easily the fewest counties won by any major-party presidential nominee since

18630-429: Was three times what it was in 1935. The Great Depression began in the United States of America and quickly spread worldwide. It had severe effects in countries both rich and poor. Personal income, consumption, industrial output, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25%, and in some countries rose as high as 33%. Cities all around

18768-416: Was to conceal the intended function of products by marketing them as "feminine hygiene products", "protections", "security", and "dependability". In 1930, a legal verdict allowed contraceptive companies to freely advertise their products if the product's sole purpose was not birth control. Companies that previously avoided the birth control market capitalized on this opportunity and the demand for birth control

18906-428: Was ultimately unable to change the outcome of the vote. The vice-presidential balloting went on so long that McGovern and Eagleton were forced to begin making their acceptance speeches at around 2 am, local time. After the convention ended, it was discovered that Eagleton had undergone psychiatric electroshock therapy for depression and had concealed this information from McGovern. A Time magazine poll taken at

19044-412: Was very uncommon during the time of segregation . Although the African American community was one of the hardest hit during the Great Depression, their struggle during this time often went unnoticed. Homeless African Americans were practically invisible during this time as the effects of Jim Crow and segregation were in full force. Many municipal shelters in the North were segregated and turned away from

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