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5eb5a7f7cdfd487cf43f51c9 - Coggle Diagram
Farmers
Troubled
By
Tech
Increased
Production
Supply
[>]
Demand
Reduced
Price
not
upgrading
tech
couldn't
compete
Couldn't
repay
loans
compete
with
tractors
labor
was
needed
less
migration
for
work
jobs
were
limited
consumer
demand
was
1 more item...
Crash
L20s
Factories
firing
unemployemnt
+
people
buying
less
Hoover
assured
America
was
wrong
10/29
Credit
used
for
stocks
investors
hoped
for
profit
prices
fall
$
is
owed
lose
everything
Deepens
Econ
Spirals
Tariffs
taxed
imports
protected
domestic
farmers
"tariff walls"
protecting
foreign
markets
hurting
American
Growers
despite
Hoover's
Attempts
$
For
Projects
Roads
Bridges
works
Loans
banks
industry
Begginings
econ
goes
up
down
downture
increased
depression
panics
banks
consumers
bought
stuff
on
credit
can't
repay
loans
depleated
banks
demanded
remaining
$
closed
Survival
People
Cut
Spending
Still
Needed
Food
Shelter
Clothing
Hoover
Urged
Help
Agencies
Charities
"bread lines"
Cities
unemployment
25%
"1 in 4"
above
14%
until
1940
Housing
lost
moving
with
relatives
Hooverville's
c
