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Americans are taught FDR was the hero of the Great Depression. For one historian, that’s erasure

www.theguardian.com 05-01-2025 03:00 1 Minutes reading

In a new book, Dana Frank tells stories of the people who ‘made history happen’ through organizing and mutual aid

Historian Dana Frank treasures a photo from a 1937 edition of Life magazine. It shows a group of seven African American women, clustered close, sitting on chairs in a small space. Each wears a fashionable hat and is bundled in a coat appropriate for the late Chicago winter. At first glance, the photo appears to be a gathering of friends. All are smiling, and some appear to be laughing, as they talk with each other.

The women were actually on strike, occupying the city hall office of the president of the Chicago board of health. As wet nurses for a local hospital, they were paid $0.04 for each ounce of breast milk they produced. The women all knew that the white wet nurses at another hospital were getting paid $0.10 per ounce. “They shouldn’t make any difference between us,” Louise Clark, a wet nurse on strike, told reporters at the time.

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Halifax says house prices dipped by 0.2% in December while annual price growth slowed to 3.3%

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

UK house prices finished 2024 up 3.3% over the year, with the average property value falling slightly in December, according to a major mortgage lender.

December 2024 was one of the busiest Decembers in years in terms of buyer demand. This was driven by first-time buyers who were keen to get on the property ladder before this year’s changes to Stamp Duty but also by second-steppers, including young families, wanting to upsize.

We believe that UK growth is likely to slow, as employer tax increases, and their potential impact on prices and employment, begin to filter through into the economy.

8.30am GMT: Eurozone, France, Germany, Italy HCOB Construction PMI for December

9am GMT: Italy Unemployment rate for November (previous: 5.8%)

10am GMT: Eurozone inflation for December flash (previous: 2.2%, forecast: 2.4%)

10am GMT: Eurozone unemployment rate for November (previous: 6.3%)

1.30pm GMT: US Trade for November

3pm GMT: US ISM Services PMI for December

3pm GMT: US JOLTs Job Openings for November

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