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Wednesday, February 3, 2010

Origins of Great Depression

1. U.S. Business Fundamentally Flawed
a. Overproduction/underconsumption
b.Stock market speculation

c. Run on the Banks

2. Farm Depression
The Dust Bowl

3. Worldwide depression

4. Bad Policy:
a. Hawley-Smoot Tariff
b. Agricultural Marketing Act:
c. National Credit Corporation:
d. Reconstruction Finance
Corporation:
e. Presidential Organization for
Unemployment Relief (POUR)
f. Bonus March

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