The Depression and New Deal. The Stock Market Crash and Underlying Causes of the Depression. Why does the 20s bull market collapse? Inflated stock values Borrowing to buy stocks Stock Market Crash – October 1929 Underlying economic weaknesses Durable goods and construction
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“The farmers are all in the same class. Broke—financially, underfeed.[sic] —under clothed, all have the blues and disgusts.”--John A. Garner
Franklin Delano Roosevelt
Herbert Hoover and voluntarism”