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Our Generation has had no Great war, no Great Depression. Our war is spiritual. Our depression is our lives.
Chuck Palahniuk
Chuck Palahniuk
The Causes of the Great Depression
- overproduction
- stock market
- tariffs
- International Debt
- Weak European Economy
Consequences of the Depression
- Unemployment
- Bank failures
- Government changes
- more tariffs
Herbert Hoover and Hoovervilles
- Herbert Hoover 31st President
- Free Enterprise
- shortly as he arrived, the stock market crashed
- introduced socialist measures (Dole - welfare)
- Hoovervilles were built - shanty towns
- People were unhappy
- Replaced by Franklin D. Roosevelt in 1932
Summary
Although Herbert Hoover tried to make stuff better, people were not happy with the way it was especailly with hoovervilles. He gets replaced by Roosevelt.