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THE GRRRREAT DEPRESSION, 1929-1940

THE GRRRREAT DEPRESSION, 1929-1940. Or…how to deal with the financial crisis of today?. The Crash of ’29!!!. Prosperity of the 1920s Herbert Hoover, 1928-1932 Laissez-Faire Politics New Consumer Technology Prohibition Stock Market Crash, 1929 Basic Causes:

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THE GRRRREAT DEPRESSION, 1929-1940

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  1. THE GRRRREAT DEPRESSION, 1929-1940 Or…how to deal with the financial crisis of today?

  2. The Crash of ’29!!! • Prosperity of the 1920s • Herbert Hoover, 1928-1932 • Laissez-Faire Politics • New Consumer Technology • Prohibition • Stock Market Crash, 1929 • Basic Causes: • Over production versus Under consumption • Lousy banking practices • “Buying on Margin” • Down payment and speculation

  3. Economic Recovery? • Hoover “too little too late” • Reconstruction Finance Corporation (RFC) • Breadlines • Volunteerism • “Hoovervilles” • The “forgotten man” • Election of 1932 • Bonus Army • “All we have to fear…”

  4. Roosevelt’s New DealRelief, Recovery, and Reform • Brain Trust • Relief • Fireside Chats • Banking Holidays • Recovery • WPA/PWA • CCC • TVA • Reform • SEC • Social Security • TVA

  5. The Start of WWII • “The Arsenal of Democracy” • Neutrality • Trade with the Allies • Lend Lease Program • Battle of Britain, 1941 • Lasting Reforms?

  6. Challenges to FDR’s New Deal • First 100 Days (First New Deal), 1932-1934 • Pragmatism • Relief, Recovery, Reform • FERA, CCC, Glass-Steagall, SEC, PWA, AAA, TVA • Second New Deal, 1935-1938 • Wagner Act, Social Security • Supreme Court • Schechter vs. US (Sick Chicken): NRA • Butler vs. US (AAA) • Judiciary Reorganization Bill: “Court packing” • Demagogues • Huey Long, Dr. Francis Townsend, Father Charles Coughlin, The American Liberty League

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