History 1BB3: America and the World: The Twentieth Century

Dr. Stephen M. Streeter

McMaster University, Winter 2002

 

Explaining the Great Depression

slides (html)

slides (pdf)

1. underconsumption

2. corporate structure

Samuel Insull

3. triangular war debt

Treaty of Versailles (1919)
John Maynard Keynes, Economic Consequences of the Peace (1919)
Dawes Plan of 1924
Young Plan of 1929

4. protectionism

Hawley-Smoot Tariff Act of 1930

5. gold standard

6. lack of government regulation

Herbert Hoover administration

Further Reading

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