The Unfinished Nation: Chapter 25: The
Chapter 25 Main Themes:
- The economic and structural weaknesses underlying
the apparent prosperity of the 1920s that led to the Great Depression, and
how the stock market crash of 1929 touched it off.
- The effects of the economic pressures of the
Depression on the American people, especially farmers, minorities, and
- The cultural milieu of the Depression Era as
reflected in photography, radio, movies, books, and the Popular Front, and
how the culture reflected both the escapist and populist tendencies of the
- The frustrations of Herbert Hoover's
administration in dealing with the Depression, and how his inability to
ameliorate hard times swept Franklin Delano Roosevelt into the presidency.
A thorough study of Chapter 25
should enable the student to understand:
- The relationship between the stock market crash
of 1929 and the subsequent Great Depression.
- The early beginnings and economic causes for the
onset and durability of the Great Depression
- The problems of unemployment and underemployment,
and the inadequacy of relief.
- The particular problems of farmers in the Dust
- The impact of the Depression on minorities,
particularly African-Americans and Hispanic-Americans.
- The impact of the Depression on working women and
the American family.
- The reflection of the economic crisis and the
desire for escape as portrayed in American culture.
- President Herbert Hoover's policies for fighting
- The historical and economic debate over the
causes of the Great Depression
- The Great Depression in context of the global
depression afflicting the rest of the globe.
"Underemployed" Workers with jobs that
are nevertheless experiencing major reductions in wages, hours, or both.
Bear Market A situation in which stock market prices are falling
and investors are pessimistic.
Bull Market A situation in which stock market prices are rising
and investors are optimistic about continued gains.