Final Exam for Hist. 200
Somewhat Earlier 20
Depression of the 1930s, New deal
…On the surface, in the 1920s things looked good.
Women are working doing things such as…department store
service, waitresses and nurses, and telephone operators and typewriters.
Electric Ranges, radios, automobiles, and refrigerators were all examples of the
The agricultural sector had not been successful except for
during world war I and farmers are slowly falling behind at this time.
debt steadily builds peaking in 1929.
Ultimately, we had to stop buying—supply
outruns demand, manufacturers forced to cut back.
In 1929, Herbert Hoover takes office, everything looks good…
within six months the stock market crashes, ushering in the Great Depression.
The stock market crash was not what created the Depression, it was only a trigger
of longer term problems such as, production running ahead of consumption,
unregulated, overextended corporate structures, a poor banking structure, and too
much buying through credit.
In September 1929, stock prices break sharply, rise
slightly once again…
on Thursday, October 24
, orders to sell flooded the floor.
Black Tuesday, October 29