JOHN ELLIOTT RANKIN
The Great Depression was afflicting the nation. Farmers and homeowners who lost jobs (over 35%) or could not sell produce at a decent price could not pay their mortgage debts and homes and farms were being foreclosed in record numbers. Veterans who had saved the nation in WWI and farmers who had fed the population were impoverished and homeless. Rankin appealed to President Herbert Hoover to place a moratorium in bank foreclosures, which not only ruined the individuals but drove down the value of real estate by throwing so much on the market at a time when few had money to buy. Hoover, an otherwise decent man and an excellent administrator, had a blind spot and would not consider having the government solve or alleviate any of these problems as he felt that this would be bad for the national character. By 1932, the voters threw Hoover out and elected Franklin Delano Roosevelt who used the power of government in new and imaginative ways, improved the economy. Profided relief, and prevented a popular revolution and many believed saved capitalism from its own excesses.
John Elliott Rankin was a Democratic politician from Mississippi who served sixteen terms in the U.S. House of Representatives from 1921 to 1953. He was co-author of the bill for the Tennessee Valley Authority and from 1933 to 1936 he supported the New Deal programs of President Franklin D. Roosevelt, which brought investment and jobs to the South. After 1937 he was active in the Conservative Coalition that largely controlled domestic policy.
