1. The Coming of the Great Crash

2. A. Easy Credit and Advertising Encourage Family Debt
I. Early Signs of Economic Disaster
A. Easy Credit and Advertising Encourage Family Debt

3. B. The 20s Only “Roar” for the Rich

4. C. Foreign Sales Fall Due to Tariffs

5. II. The Stock Market and the Coming of the Great Crash

6. A. The 1920s: Stock Prices Soar, Individuals and Banks Buy More

8. B. Summer 1929: Some Investors Lose Confidence & Start to Sell Stocks
C. October 1929: Black Tuesday & the Stock Market Crash

11. D. Late 1929-1930s: Banks & Businesses Fail

12. U.S. Unemployment rates 1929-1940
14 of 43

13. III. Hoover Responds to the Great Depression

14. A. Hoover’s Philosophy: Rugged Individualism & Laissez-Faire -- Not Welfare
"Unemployment in the sense of distress is widely disappearing We in America today are nearer to the final triumph over poverty than ever before in the history of any land. “
-- Hoover, 1928

15. C. The Embarrassment of the Bonus Army
B. Loaning Money to Banks and Businesses: The Reconstruction Finance Corporation
C. The Embarrassment of the Bonus Army

18. D. Shanty Towns Become “Hoovervilles”