History Lecture March 22nd

History Lecture - History 367 Notes Hard Times and a Worse Depression I Cycle of overproduction and underconsumption deflation unemployment A

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History 367 Notes 03/22/10 Hard Times and a Worse Depression I. Cycle of overproduction and underconsumption, deflation, unemployment A. post-WWI economic contraction 1. demobilization 2. collapse of European markets 3. failure of voluntary production controls in agriculture a. Federal Farm Board b. Live-at-Home Campaign B. maldistribution of wealth C. financial speculation 1. leveraged investment 2. bank failures II. State Response A. supply-side economics ("trickle down") -- O. Max Gardner C. looking to Washington and a New Deal Black Tuesday -- Oct. 29, 1929 Brookings Institution Retrenchment Think about this: Darwin’s idea and what was dangerous about it… o argued that life had a history in a different … life wasn’t created in a single instance… o satanic rights of social science Start of 3 rd section of class…. Second Reconstruction: period of dramatic change/transformation of NC. o
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This note was uploaded on 04/30/2011 for the course HISTORY 151 taught by Professor Policelli during the Spring '11 term at UNC.

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History Lecture - History 367 Notes Hard Times and a Worse Depression I Cycle of overproduction and underconsumption deflation unemployment A

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