THE GREAT CRASH AND THE GREAT DEPRESSION
I. Definition of “crash” and “depression”
II. Some causes of the Great Stock Market Crash of 1929
A. Wild speculation
B. Buying “on margin”
III. Some causes of the Great Depression
A. Production and purchasing diverge
B. Purchasing declines
1. Farm depression of 1920s
2. Slightly higher than normal unemployment
3. Tariff policy
C. Production greatly increases
D. Policies of federal and state governments
IV. Extent of the depression
V. President Hoover’s response to the depression