HIST 226 Lecture Notes - Lecture 20: Real Estate Bubble, Stock Market, Making Money
11 Nov 2016
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Follow a theme (cotton, oppression, slavery, jim crow, poll tax, 1911 prohibition, 1924 election of m. Argue that we think of the klan as racist it had a strong anti-catholic tendency. In conclusion klan brought out an amplified catholicism and made it acceptable and more open than it was before. We were producing more than we were buying. Pro(cid:271)le(cid:373) (cid:449)as(cid:374)"t (cid:374)e(cid:272)essaril(cid:455) suppl(cid:455) it was a lack of demand. Structural imbalance in the economy weak demand and excess supply. Far(cid:373)ers (cid:373)ade up the (cid:271)ulk of te(cid:454)as i(cid:374) the (cid:1005)(cid:1013)(cid:1006)(cid:1004)"s a(cid:374)d (cid:272)ould (cid:374)ot e(cid:374)ter the (cid:373)arket pla(cid:272)e a(cid:374)d (cid:271)u(cid:455) i(cid:374) ge(cid:374)eral. The more you sell and the more you buy, the faster the economy moves. The economy did not move not enough demand for petroleum. Needed a higher price than they might have otherwise. People bought and flipped houses then the market bubble collapsed. Real estate bubble embedded by excessive lending. Banking: deposits were not insured besides state banks.
