RobertBuzzanco-TheStruggleForAmerica-NunnMcginty(2019)

The ‘20s: Culture, Consumption, and Crash 147 expressed in two ways. First—the data, the numbers that show the steep decline in ...

148 ChaPter 3 unemployed were more than numbers—they were men who could not feed their families, mothers who saw children go hun ...

The ‘20s: Culture, Consumption, and Crash 149 economic conditions, but here they are cited to indicate that there was a tre- men ...

150 ChaPter 3 1930s, however, as soon as one country devalued its currency, it was likely that the other major powers would do t ...

The ‘20s: Culture, Consumption, and Crash 151 Stock Market Crash of 1929. If one were to randomly ask people “what caused ...

152 ChaPter 3 rose, it created a bandwagon effect and more people invested in stocks, simply because the numbers were rising so ...

The ‘20s: Culture, Consumption, and Crash 153 A block of White Sewing Machine stock, for example, went for one dollar, down from ...

154 ChaPter 3 number of smaller banks in immediate crisis. In the mid-1920s, there were 25,000-30,000 banks, mostly small- or me ...

The ‘20s: Culture, Consumption, and Crash 155 holdings and such were to a meaningful degree caused, and made worse, because Amer ...

156 ChaPter 3 Hoover’s policies as president did not cause the depression—the data we have already seen shows that—but nor was h ...

The ‘20s: Culture, Consumption, and Crash 157 With the poverty line at $2,500 a year, over 60 percent of families were below $2, ...

158 ChaPter 3 People did not have enough money, to put it simply, to buy the stuff they needed. Trying to regulate production to ...

The ‘20s: Culture, Consumption, and Crash 159 start. The RFC was only supposed to loan to institutions that had sufficient colla ...

160 ChaPter 3 that description a legend, a myth, a convenient explanation that lacks evi- dence? Actually, the U.S. was intricat ...

The ‘20s: Culture, Consumption, and Crash 161 to be “outraged” in the process of imposing American power upon them. So, in this ...

162 ChaPter 3 work together and end destructive competition. They were not capitalist visionaries with a dream and a plan to con ...

The ‘20s: Culture, Consumption, and Crash 163 the foreign countries receiving the loans could, as Dulles pointed out, use those ...

164 ChaPter 3 schools, went to Chile, Peru, Colombia, Ecuador and elsewhere to “advise” the local governments on how to set up a ...

The ‘20s: Culture, Consumption, and Crash 165 which side would win. In the 1920s, without the fanfare of the Mexican interventio ...

166 ChaPter 3 came to power. Still, the U.S. could not take advantage of the changes in China to any real degree because Japan s ...