I. Sources of Economic Prosperity & Instability in 1920s

II. Crash and Early Depression: 1929 - 1932

III Political and Social Impacts of the Depression

optimism, New Era, Billy Durant, ‘sick industries’, stock market, speculation, buying ‘on margin’, ‘selling short’, margin call, gold exchange standard, laissez faire economic conservatism, orthodoxy, Andrew Mellon, business cycle, reparations, war debt, isolationism, John Maynard Keynes, Bruce Barton, Earnest Elmo Calkins, Herbert Hoover, Hawley-Smoot Tariff, ‘beggar thy neighbor’, Bonus Army-July 1932