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American History Lecture Eleven (view source)

Revision as of 03:24, November 17, 2008

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== Stock Market Crash ==

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Herbert Hoover "Repub. Pres. 1928-32: wanted bus. cooperation, opposed union & trust busting, critical of Europe, cut taxes"

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" sought voluntary wage and price controls to end Depression, opposed new federal programs"

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Stock market crash "Oct. 1929, but rallied afterwards; tariffs are considered a greater cause of Depression than stock market crash"

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Hawley-Smoot Tariff "1930: increased tariffs, setting off worldwide round of tariff increases in 1931, worsening Depression"

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Causes of Depression "tariffs, gold standard, concentration of wealth, unregulation speculation on markets"

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Reconstruction Finance Corp "1932: created a federal agency to lend money to banks, later lent money to businesses also"

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Bonus March "1932: poor WWI soldiers march on DC for bonus, riots broke out"

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