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Unformatted text preview: Ford produced cars better than they produced jobs, letting many go unemployed They hired more younger employees and let the older ones go Americans were living beyond their means, buying things on easy credit President Hoover opened 1930 baseball season as a show of confidence, but they had no national relief for poor or unemployment security Hoover favored creating new jobs in private industry for the unemployed, felt that giving money would create a class of demoralized poor class Depression had overrun most farm towns long before, food riots in the Midwest and now unemployment in Toledo was 80% Mass producing cars, refrigerators, etc. were now easy but the employers could no longer purchase the fruits of their labor August of 1931 Ford stopped making cars 1...
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- Spring '08