HIST 221 Lecture Notes - Lecture 24: Blues, Bonus Army, Realigning Election
Document Summary
Economic crisis, poliical and cultural: what did it mean and what did it change. As long as us kept expanding like in the 1920s, then everything else will also fall in line and make us a beter place. Time of cultural luorescence, returning to conservaive normalcy. Elecion of hoover in 1928: emblem of american dream of self-made man, sec. of commerce in 1920s, 250 conferences, emphasis on associaionalism , progressive working together of government, business, labour (government as helping coordinate) Businesses had to come together themselves and establish railroad lines, deadlines and minimum prices, set prices thought that direct government intervenion was unnecessary. We in america today a r nearer to the inal triumph over poverty that ever before in the history of any land hebert hoover, 8-1928. 20s as decade of relaive prosperity, but also wealth inequality: came from people chasing risks and investments, increase in amount of wealth in the general public, but the rich become much richer.