It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
Earlier Economist Ralph Gomory publicly stated we all should respect Occupy Wall Street and pointed to the history of protest in the United States. Gomory's article reminded me of the Great Depression and the Hoover administration's lack of responsiveness to the people, in particular WWI veterans. The vets were desperate for money and wanted to receive their military service bonus checks early. They were refused and this ignited a protest by the WWI veterans called the Bonus March.
Below is a 2006 documentary March of the Bonus Army.
March of the Bonus Army, Part I
March of the Bonus Army, Part II
March of the Bonus Army, Part III
he Bonus Army was the popular name of an assemblage of some 43,000 marchers—17,000 World War I veterans, their families, and affiliated groups—who gathered in Washington, D.C., in the spring and summer of 1932 to demand immediate cash-payment redemption of their service certificates. Its organizers called it the Bonus Expeditionary Force to echo the name of World War I's American Expeditionary Force, while the media called it the Bonus March.
The PBS documentary on McArthur has a segment on the Bonus march and McArthur's role.
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How to win a battle and lose the war
For those, like myself, who prefer non-video media --
Bonus Army Spectacle, U.S. Capital, 1932, What Really Happened (Suburban Emergency Management Project webpage, including contemporary reports and photographs)
Very few people today are aware of the Bonus Army and or its repression ordered by President Hoover and commanded by General Douglas MacArthur.
As always, MacArthur's tactics were just about perfect. You wouldn't give him a job if you didn't want it done.
From the New York Times (28 July 1932) --
President Hoover appeared confident that the action would meet with approval of the American public --
But then came the more lasting strategic implications, accurately understood by Hoover's opponent, Franklin D. Roosevelt --