I actually just so happen to have the stock market crash, but since that led to the Great Depression... It works.
Before disaster struck, America was a peaceful place of spending. The stock market was high. We Americans seemed to have figured out the formula for a happy life.
Then.................. SLIGHTLY DELAYED CRASH!!
The biggest cause, if not the only, was the ingenious fact that investment was based off the completely predictably unstable basis of 'margin buying'.
Investors borrowed money from brokers, (aptly named when everyone went broke), who went to banks for the money they were giving investors. When the stock market hit rock bottom, the investors default money was permanently lost.
Adding to this was the fact that the economy was slowing down. People seemed satisfied and were devoid of any thoughts of big spending.
All in all, this led to millionaires to become average over night. On the optimistic side-the poor's condition didn't change.
Topic #18-the Bonus Army
The following is set in 1932
Since his promotion to president, Herbert Hoover managed to screw over America in less than a year. 8 months, actually, to be exact. A more intelligent being would have looked at his previous career and said, "Really? This guy is thinks he's gonna be president?" Here's why, Herbert Hoover was a professional mining engineer. What in the world does mining have to do with being President? Or being Secretary of Commerce? He had no political experience, no military experience.... I mean for Pete's sake, the only other president without political and military experience was Taft. And look how that turned out. You would think no one would even vote for him.
As for the real topic, the Bonus Army-or rather rightfully angry unpaid veterans and their families, is what even further damaged his 'career' as president. The Bonus Army came to the capitol to support the Patman Bill. This bill authorized the government to pay a bonus to WWI veterans who weren't compensated adequately for their service. It was actually approved in 1924 as long as it was paid out in 1945 in the form of cash and life insurance policies. Thankfully, there was at least one congress man that believe that the money should be paid immediately.
Apparently, Hoover and his infinite amount of intellect believed them to be communists and people with criminal records rather than veterans. (wo~w) Turned out that the senate voted down the immediate payment and Hoover asked the Bonus Army to leave. Most of them did, about 2,000 stayed.
The lilly livered pile was apparently uneasy the rightfully angry group would become violent, he responded with violence. He used a force of 1,000 soldiers under the command of General MacArthur and his aide, Eisenhower. The army was equipped with gas masks, tear gas, bayonets, and apparently something to start fires so as to burn down the buildings that these veterans were living at.
the man on the ice is Hoover, the ice is akin to the fragile wall between him and the aftermath of his stupidity, the shark. :)
In the course of the attack on civilians, an 11-month-old baby died from the gas and an 8-year-old boy was partially blinded because of the gas. 2 people were shot and many were injured. Obviously, most if not all Americans were speechless with rage and the government's treatment of veterans.
US HISTORY BOOK E-EDITION
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