HST 202 Lecture Notes - Lecture 8: Whispering Campaign, Herbert Hoover, Calvin Coolidge
15 Feb 2017
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Hst 202 week 4 lecture 8. 90% of americans saw their incomes increase. If you were poor, it went up marginally. 40% poverty rate: wages aren"t keeping up with the cost of living. Ppl going on strike; must have a union. Coal industry is a job where ppl always go on strike. Armed guards and they fought battles against strikers. Welfare capitalism: psychology was a maturing science, way for companies to their workers accept the lower wage (benefits) Farm sector was the worst sector: the boom wasn"t all throughout the 20s, farmers never recovered; invested in too much productivity during the war, price of wheat rose. After the war, they had all the machinery (bought on credit) and needed to pay it off but couldn"t. Wwi made a depression and european economy struggled to get out. People buy things on credit: transformation in consumer attitude; using it to buy things they want.
