Great Depression - The Great Depression The Crash Timing...

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The Great Depression
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The Crash Timing volatile market but record highs between 1927 and 1929 market peaks in September, 1929, “Black Thursday,” October 24, 1929, $10 billion lost “Black Tuesday,” October 29, 1929, previous yearly gains wiped out
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The Crash reasons for the crash Weaknesses in “new era” economy unequal distribution of wealth and income fatal flaws in important economic sectors American industry dominated by oligopolies Poor banking and money management International economic difficulties
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The Crash Indicators Building Boom Subsides Collapse of Entire Companies Depletion of Corporate Stock and Value Unemployment
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The Crash Indicators Panic among the People Loss of Income Loss of Savings Loss of Sustenance Loss of Pride
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The Failure of Hoover’s Agenda Limits of Voluntarism Associative State no longer tenable Voluntary relief no longer capable Hope no longer available
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This note was uploaded on 03/27/2012 for the course HIST 152 taught by Professor Staff during the Fall '08 term at Purdue University-West Lafayette.

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Great Depression - The Great Depression The Crash Timing...

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