Items tagged "The Great Depression": 2

President Franklin D. Roosevelt and Herbert Hoover, depicted here, represented the two opposing political sides of the debate over how to solve the Great Depression. Hoover represented the Republican and FDR represented the Democrats. However it seems that no one has the solution.

Similarly to the Hornet’s Nest cartoon, this image refers to the 1938 recession. The Great Depression in 1929 came as a result of the collapse of the credit system. Easy money caused stocks to boom, encouraged speculation, and encouraged higher wages and prices. The system was a “coin tossing game” however, and when the credit failed the whole…