Great Depression (1 Okt 1929 Jahr – 1 Mai 1941 Jahr)

Beschreibung:

Causes:
- Farming/overproduction->debt
- High Tarrifs (Hoover)
- Risky investment: speculation, buying on margin
- Foreign competition
- more cars=less railroad=less steel

Effects:
- Mortgage foreclosures (homeless hoovervilles)
- more debt
- low demand low prices
- buying on credit
- uneven prosperity
- Election of Roosevelt

Mexican experience:
- fear of "taking jobs"
- more deportation (overrepresented in news papers)

Black experience:
- most cultivated plants on white owned land
- poverty, exploitation
- more migrated
- some joined communist groups

Zugefügt zum Band der Zeit:

Datum: