Land grants, for instance, helped build the coal industry, Depression-era spending created hydroelectric dams, and the Defense Department helped develop the first nuclear reactors.
"The financial meltdown in the economy has driven the auto industry into depression," he said.
The airline has sidestepped most of the ill effects of the industry's depression.
He has led a range of community-based and pharmaceutical industry-supported depression awareness and education and training programs.
The pharmaceutical industry has tackled depression, sleeplessness and erectile dysfunction.
The shift of advertisers and readers to the Internet, coupled with the recession, has produced the worst downturn in the newspaper industry since the Depression.
Swing not only provided more musicians than ever with steady work, it filled the dance halls and hotel ballrooms, put Benny Goodman, its "king," on the cover of Time magazine and temporarily rescued the recording industry from the Depression.
Print newspaper advertising revenue — the bulk of the company's revenue — fell 18.3percentt in the quarter as the weak economy and the long-term shift away from print created the worst period for the industry since the Depression.
"If you're in New York, and you've got the financial services industry in a depression, how can you possibly do well in high-level goods?" asked Howard L. Davidowitz, chairman of Davidowitz & Associates, a retail consulting and investment banking firm.
This business was instrumental in saving the jewelry industry during the depression by creating a program that allowed jewelers who could not meet their financial obligations, to continue to purchase goods.
