HIST 226 Lecture Notes - Tenant Farmer, Civilian Conservation Corps, Unemployment
Document Summary
The great depression (gd) begins, 1929 a. farmers b. c. d. 1920"s roaring twenties, but tx isn"t doing as well mostly. Stock market: large investments, middle class (bull market) Signs by spring of 1929: economy is slowing down (steel, car sales, construction of new houses) Largest investors (sept. 1929) selling off their stock. Individual investors trying to sell of their stocks b. Herbert hoover i. ii. iii. iv. v. vi. Didn"t do much thought it would resolve itself. Get cabinet members to make public announcements that everything was okay. Reactions to gd in tx, 1929-31 a. b. c. d. e. 1931 tx starts to feel the problems of the stock market crash. 40 billion potential stocks being lost: less activity and less 829$ i. The dust bowl makes a bad situation worse in northwest texas, All people see is what is around them. Can"t handle on their own they need the federal gov"t to step.
