Based on eight years of continued prosperity, presidents and economists alike confidently predicted that America would soon enter a time when there would be no more poverty, no more depressions -- a "New Era" when everyone could be rich. But when reality finally struck, the consequences of such unbound optimism shocked the world.

This John Nesbitt's Passing Parade series short highlights the film preservation efforts of the Museum of Modern Art in New York. Several scenes from early newsreels are shown.

A Washington Parade reel....

The first meeting of a U.S. president and a Mexican president took place when William Howard Taft met Porfirio Díaz on 16 October 1909, in El Paso. The meeting was celebrated in both El Paso and Juárez with parades, elaborate receptions, lavish gifts and large crowds. Shot by the pioneers of Mexican Cinema the brothers Alva. This is a typical example of newsreel material prior to the Mexican revolution. By hemerographical references we know that this footage was presented to the then president of Mexico General Porfirio Díaz in the Castle of Chapultepec, then residence of the president.