2. If you dont like APAH, thats banana oil! This class is really keen. Lets study!

4. Part 2 – Hoover

5. Hoovers conservative philosophy Opposed direct federal relief Favored rugged individualism Hoped to achieve business prosperity – trickle down Voluntary cooperation RFC – Reconstruction Finance Corporation Agricultural Marketing Act – Farm Board Vetoed Muscle Shoals bill

6. Hoover (continued) committed to balanced budget – wanted private charities and state and local governments to provide relief natural business cycles prosperity just around the corner Andrew Mellons tax policies

8. In Todays DollarsIn Todays Dollars - hyperlink What cost $1000 in 1929 would cost $12,608.28 in 2010. Also, if you were to buy exactly the same products in 2009 and 1929, they would cost you $1000 in 2010, but $80.58 in 1929.

9. Disparity of Wealth - Depression Gross Income Levels% of Pop. Earning This Over $10,0002.9% $7,500 – 9.9993.1% $5,000 – 7,4997.4% $4,000 – 4,9997.2% $3,000 – 3,99912.2% $2,000 – 2,99925.7% $1,000 – 1,99925.6% Under $1,00015.9%

17. (1)(2)