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GREAT DEPRESSION by Mind Map: GREAT DEPRESSION
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GREAT DEPRESSION

Hoover

Responses

Tariff Wars

Banker's Panic

Americans React

1932 Election

Productivity and Unemployment

purchasing demand has to be present: resulting in high employment and healthy economy

based on productivity- purchasing power- employment cycle

1924-27 productive capacity doubled, but only cus of technological innovation

Uneven distribution of Wealth

The "Crash" (stock market crashes)

cause for depression

ppl invest in companies by buying stocks, in return they get a profit

Buying on Margin

Economic Cycle

New node