HIST261 Lecture Notes - Dust Bowl, Progressive Tax, The Dust Bowl (Film)
27 Feb 2014
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Document Summary
By the mid 1920"s the labour movement has lost momentum and crumbled and in 1929 the great crash happened. 1929, the great crash the beginning of the great depression. On the 29th of october 1929 the ny stock market crashed and while many people believe this caused the great. Depression it was actually just a symptom of an unhealthy economy. Its occurrence is tied to continual mass production and a decline in disposable capital. Additionally many investors were spooked into dumping stocks after the crash of black thursday which also lead to a tightening of credit, and an increase in credit regulation. Many people were hopeful that there might be possible markets abroad either in america or europe. However the problem was that there was an over production of products across the industrialized world. In addition the us was unwilling (or unable?) to slow worldwide production though they were the runner up for the job of super power.
