Nothing's Impossible

The effect of all these government actions was to limit the amount of money being spent by the government, companies, and private citizens. As a result, the economy began to fall once again into depression.In August nineteen thirty-seven, stock market prices began to fall sharply.
In seven months, the price of stock for the General Motors Corporation fell from sixty dollars to twenty-five. The United States Steel Company stock fell all the way from one hundred twenty-one dollars to thirty-eight. In fact, the stock markets lost in nine months about two-thirds of all the gains that they had made so slowly and painfully since Roosevelt took office.
Americans had supported Roosevelt's New Deal program because it offered a solution to the depression. Now that program seemed to be failing.
Historian Frederick Lewis Allen remembered those dark days of nineteen thirty-seven.
"Goods sold slowly," Allen wrote. ”Businessmen became frightened and reduced production. Two million men were thrown out of work in the space of a few months. They became less able to buy what was for sale. The terrible circle of the falling value of the dollar moved all the more rapidly .
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