Notes
-Causes of TGD included overproduction, stock market (buying on margin), tariffs (tax on international trade results in lower trade), international debt, and a weak European economy
-Herbert Hoover was elected in 1928
-He practiced free enterprise (few regulations)
-Hoovervilles were improvised living environments
-He tried to fix it with some socialist measures
-He then losses the 1932 election
-Causes of TGD included overproduction, stock market (buying on margin), tariffs (tax on international trade results in lower trade), international debt, and a weak European economy
-Herbert Hoover was elected in 1928
-He practiced free enterprise (few regulations)
-Hoovervilles were improvised living environments
-He tried to fix it with some socialist measures
-He then losses the 1932 election
Summary
Hoover was elected in 1928 and dealt with the early days of the depression. Most blamed him for the depression. He attempted to solve this problem by slightly implementing socialism through welfare programs.
Quotes
Blessed are the young for they shall inherit the national debt.
Herbert Hoover
Subjunctive Question
If FDR was elected in 1928 could the depression have been avoided?
Hoover was elected in 1928 and dealt with the early days of the depression. Most blamed him for the depression. He attempted to solve this problem by slightly implementing socialism through welfare programs.
Quotes
Blessed are the young for they shall inherit the national debt.
Herbert Hoover
Subjunctive Question
If FDR was elected in 1928 could the depression have been avoided?