HIS-1400 Lecture Notes - Lecture 20: Ethnocentrism, Agricultural Adjustment Act, John Maynard Keynes

• School: App State
• Department: History
• Course: HIS-1400
• Professor: Judkin Browning

Document Summary

Global depression and the rise of the nazis. October 24, 1929 (cid:862)bla(cid:272)k thursda(cid:455)(cid:863) the first sign for most americans that things (cid:449)ere(cid:374)"t as stro(cid:374)g as (cid:449)e thought: stock market collapses more than it ever has. Sell off eventually subsided; the next day everything was fine. October 29, 1929 (cid:862)bla(cid:272)k tuesda(cid:455)(cid:863: over the weekend people change their minds and decide to sell their stock, single greatest loss in the us stock market in history. Lost the pre(cid:448)ious (cid:455)ears" (cid:449)orth of (cid:373)o(cid:374)e(cid:455) i(cid:374) this o(cid:374)e da(cid:455) In 2 weeks, the us loses billion, more than we spent in ww1. November 13 lowest point of the depression: banks go bankrupt, people lose their money, and stop spending into the economy. Politi(cid:272)al part(cid:455) i(cid:374) (cid:272)o(cid:374)trol (cid:271)elie(cid:448)ed the go(cid:448)er(cid:374)(cid:373)e(cid:374)t (cid:449)as(cid:374)"t supposed to regulate the economy, so they did very little to help the economy. Roosevelt campaigned on a platform of doing something: go(cid:448)er(cid:374)(cid:373)e(cid:374)t"s role is to get i(cid:374)(cid:448)ol(cid:448)ed (cid:449)ith the people.