New Deal 1 outline 2011 Fall

New Deal 1 outline 2011 Fall - C financial speculation 1...

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Hard Times and a Worse Depression I. Causes of the Great Depression A. cycle of over-production and under-consumption, unemployment, and deflation 1. post WWI 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
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Unformatted text preview: C. financial speculation 1. leveraged investment 2. bank failures II. State Response A. budget cuts & supply-side economics ("trickle down") -- O. Max Gardner B. budget cuts & a sales tax – John C. B. Ehringhaus C. looking to Washington and a New Deal Black Tuesday – Octover 29, 1929 retrenchment...
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