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Herbert Hoover and the Great Depression (1959). scholarly history online; Watkins, T. H. The Great Depression: America in the 1930s. (2009) online; popular history. Wecter, Dixon. The Age of the Great Depression, 1929–1941 (1948), scholarly social history online; Wicker, Elmus. The Banking Panics of the Great Depression (1996) White, Eugene N.
The term arose during the foreclosure of farms during the Great Depression in the United States. Neighbors would gather in large numbers at the auction and place bids of only a few pennies, while intimidating anyone who attempted to bid competitively. [1]
After the Wall Street crash of 1929, when the Dow Jones Industrial Average dropped from 381 to 198 over the course of two months, optimism persisted for some time. The stock market rose in early 1930, with the Dow returning to 294 (pre-depression levels) in April 1930, before steadily declining for years, to a low of 41 in 1932.
During the Depression, a piece of cardboard or a new rubber sole may have extended the wear of a pricey pair, and clothes were certainly mended and patched long before they were ever thrown out.
During this time, most people believed that the decline was merely a bad recession, worse than the recessions that occurred in 1923 and 1927, but not as bad as the Depression of 1920–1921. Economic forecasters throughout 1930 optimistically predicted an economic rebound come 1931, and felt vindicated by a stock market rally in the spring of 1930.
Hudson had fared poorly during the Great Depression (1929–36) compared with other domestic automakers with its rank falling back from third to eight in terms of production. [ 21 ] During the 1930s, automobile production by the Big Three (General Motors, Ford, and Chrysler) increased, while all the other domestic automakers were damaged and ...
During the Wall Street crash of 1929 preceding the Great Depression, margin requirements were only 10%. [28] Brokerage firms, in other words, would lend $90 for every $10 an investor had deposited. When the market fell, brokers called in these loans, which could not be paid back.
She was a Depression-era outlaw and partner of Volney Davis' during the early 1930s. Although popularly known to the press as the "Kissing Bandit" for her habit of kissing male robbery victims, she was known in the underworld as "Rabbits" for her skill as an escape artist. [2] [10] Frank "Jelly" Nash: No image available: 1887–1933