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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This note was uploaded on 10/13/2008 for the course HIST 128 taught by Professor Nelson during the Spring '08 term at UNC.
- Spring '08