if you dont like apah, thats banana oil! this class is really keen. lets study!

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Slide 2 If you dont like APAH, thats banana oil! This class is really keen. Lets study! Slide 3 Slide 4 Part 2 Hoover Slide 5 Hoovers conservative philosophy Opposed direct federal relief Favored rugged individualism Hoped to achieve business prosperity trickle down Voluntary cooperation RFC Reconstruction Finance Corporation Agricultural Marketing Act Farm Board Vetoed Muscle Shoals bill Slide 6 Hoover (continued) committed to balanced budget wanted private charities and state and local governments to provide relief natural business cycles prosperity just around the corner Andrew Mellons tax policies Slide 7 Slide 8 In Todays DollarsIn Todays Dollars - hyperlink What cost $1000 in 1929 would cost $12,608.28 in 2010. Also, if you were to buy exactly the same products in 2009 and 1929, they would cost you $1000 in 2010, but $80.58 in 1929. Slide 9 Disparity of Wealth - Depression Gross Income Levels% of Pop. Earning This Over $10,0002.9% $7,500 9.9993.1% $5,000 7,4997.4% $4,000 4,9997.2% $3,000 3,99912.2% $2,000 2,99925.7% $1,000 1,99925.6% Under $1,00015.9% Slide 10 Slide 11 Slide 12 Slide 13 Slide 14 Slide 15 Slide 16 Slide 17 (1)(2) Slide 18 Slide 19 Slide 20 Slide 21 Slide 22