HIST 173 Lecture 7: HIST173-WEEK6 1930s
Document Summary
The 1930"s, great depression and the new deal. Early 20th century introduces consumer credits. (mastercards) over spread. Unstable stock market: up and up because of buying of margin , real estate- sells land and money. No insurance so 9 million people lost their entire savings. Men in urban cities desert their families and travel to the west and start a new family. President herbert hoover sponsored fancy dinners for him and diplomats. Protests: may, 1932 veterans bonus march. Hoover called the local police to burn the veterans. Ends the republican party: franklin roosevelt becomes president in 1932. He"s the only president to serve 4 terms. Franklin roosevelt and the new deal - brought us out of the great depression. Programs of the new deal: public works administration (pwa)- build things like the hoover dam, agricultural adjustment administration (aaa)- paid farmers to destroy crops to reestablish the agricultural economy.
