Payment of soldiers bonus partly to blame for current business recession. Washington, D.C., Jan. 4, Vintage Print

Step back in time with this striking reproduction of Payment of soldiers bonus partly to blame for current business recession. Washington, D.C., Jan. 4. Sourced from the United States Library of Congress.

Library of Congress record: Created 1938 January 4 Title from unverified caption data received with the Harris & Ewing Collection. Gift; Harris & Ewing, Inc. 1955. General information about the Harris & Ewing Collection is available at Payment of soldiers bonus partly to blame for current business recession. Washington, D.C., Jan. 4. Appearing before the Special Senate Committee on unemployment, Federal Reserve Board Chairman Eccles today declared that payment of the soldiers bonus in 1936 helped create price distortion that pushed recovery out of balance and led toward the current business recession, 1/4/38 Glass negatives.

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