Final Exam for Hist

Final Exam for Hist - Final Exam for Hist. 200 B. Somewhat...

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Final Exam for Hist. 200 B. Somewhat Earlier 20 th Century Depression of the 1930s, New deal --- WHY …On the surface, in the 1920s things looked good. More disposable income. 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 renewed consumption. The agricultural sector had not been successful except for during world war I and farmers are slowly falling behind at this time. Consumer debt steadily builds peaking in 1929. Ultimately, we had to stop buying—supply outruns demand, manufacturers forced to cut back. -- HOW… 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 th , orders to sell flooded the floor. Black Tuesday, October 29
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This note was uploaded on 05/27/2010 for the course -2 -1 taught by Professor -1 during the Fall '10 term at USC.

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Final Exam for Hist - Final Exam for Hist. 200 B. Somewhat...

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