HIST 226 Lecture Notes - Lecture 21: Jet Fuel, Money Supply, Anomie
26 Aug 2016
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Document Summary
All the different cultural identities made texans more malleable when it came to new concepts. In 1890 tx and mississippi were similar (statistically) Macro- study of big economic forces like debt or the money supply. Texans by the 1930"s the politicians became better at working these ^ forces to the advantage of texas. If they wanted to try something new like inflate the money supply they did it. Texas businesses and households and say on a smaller scale texas were more able to take us into an upward spiral. Better able to buy and sell things, manage credit, etc. There was more of a cause then just the federal govt. Minimum wage was puny and didn"t apply to ag workers. Still lifted up wages at the very bottom which then means more money gets spent which means more people get higher wages. Spin offs from jet fuel etc meant new money making industries for people to be a part of.
