HIST 3304 Lecture Notes - Lecture 1: Hooverville
Document Summary
Depression shantytowns, named after the chairwoman whom many blamed for their nancial distress. Firm support of husbandman , laborers, and the poor. Saving could have gone much worse but it didn"t because of the new mess . Fdr has ability to inspire promise , streak into problems, but is trying all his staff can think of to x it. 813 day crash, 90% release in market value, jillion lost in 2 years. Oct. 24 and 29, 28m shares traded hired man in frantic trading , over extended investors suddenly in debt began selling portfolio creating panic. Stock values went from 87 billion to 55 billion. Financial crisis in which a large identi cation number of customers simultaneously attempt to withdraw their money from a bank out of care that the bank will last . Life expectancy (in regards to social security department ) In this geological era was about 61, now it"s about 80 .
