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Unformatted text preview: Responses 1. “Mature Economy” a. Done growing 2. Government intervention a. Government as consumer – buy products from producers in bulk b. “Priming the Pump” - Buy products and hire labor Who Suffered? 1. Rural a. Mississippi (1929) $239 per capita b. (1933) $117 per capita c. 1/3 of farmers lose their land 2. Urban a. Unemployment bread lines b. Hoovervilles – huge homeless populations c. July 1932- Bonus Army i. March to DC – set up in mall ii. Demand Congress to pay a $1000 veterans bonus iii. Hoover sends in Army to evict Bonus Army from mall iv. Army under Douglas MacArthur...
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- Spring '08
- History, Wall Street Crash of 1929, Stock Market Crash, bonus army, a. Low wages, veterans bonus Hoover