Page "Henry Morgenthau, Jr." Paragraph 5

The Great Depression and its rampant unemployment were of primary focus for Morgenthau.

And after almost two terms served by Roosevelt, Morgenthau assessed the federal effort to relieve economic conditions by proclaiming, " We have tried spending money.

We are spending more than we have ever spent before and it does not work .... After eight years of this administration we have just as much unemployment as when we started ... and an enormous debt to boot!

" Indeed, the unemployment rate for 1939 was higher than the unemployment rate for 1931, but lower than 1932.