During the 1930s, as the Great Depression unfolded -- scarring the lives of millions of Americans and spurring debates amongst seasoned economists as to what caused it -- the Philippines, a US protectorate, radiated confidence despite some dark clouds that hovered over its economic and political landscapes.
Although ruled ineligible for American citizenship and barred from immigrating to the
Nonetheless, this seemingly unwelcome mat didn't sully the inherent hospitality of the Filipinos.
During the late 1930s, while a Miami port turned away the liner St. Louis with a boatload of 900 Jews (reflecting America's anti-Semitic policy during that period), about 1,200 German and Austrian Jews found sanctuary in the Philippines. They arrived in
And as millions of folks across the United States grappled with the oppressive burdens of the Great Depression, over at the ultra-modern Crystal Arcade building on Escolta -- which had become Manila's "peacetime" stock exchange -- stockholders of mining firms feverishly traded stocks amongst themselves, though most were worthless. That was because these gold companies very rarely conducted any actual mining; thus, the "gold profits" they boasted, if any, were nothing more than paper profits.
The blinding prospect of becoming rich overnight somehow obscured reality, allowing the gold mine boom of the hard-up 1930s to continue undeterred.
But what was to eventually become a major hit amongst the local folks, which made many of them rich overnight indeed, was the Sweepstakes. In one instance, on September 8, 1935, jockey Ordiales rode "Sugar Babe" to a victory, giving a 12-year-old peasant girl from Tayabas -- who was the holder of the lucky ticket -- a whopping 75 thousand pesos. An enormous fortune at that time.
Meanwhile, back in the States, it was also a race horse that was becoming a symbol of hope; a cultural icon, in fact.
This stallion's riveting tale of grit, grace, luck, and an underdog's stubborn determination was swaying over the nation's imagination. Over terrible handicaps this horse triumphed; becoming a champion and a legend of the racetrack. But more astoundingly, this horse healed the wearied soul of a nation battered by a staggering financial collapse. The horse's name was Seabiscuit.
SOURCES:
The
by Sonia M. Zaide
All Nations Publishing O, Inc.
by Nick Joaquin
Seabiscuit: An American Legend
by Laura Hillenbrand
Ballantine Books
* * *
LEAD PHOTO:
Old Houses on
© SeƱor Enrique
No comments:
Post a Comment