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The Great Depression in the United States (1929 – 1941)

The Great Depression: Causes & Responses Causes: 1) Overspeculation of Stocks 2) Wage Stagnation 3) Gold Standard 4) Banking Practices President Hoover’s Responses 1) Increased Tariffs (Smoot-Hawley) 2) “Liquidate Everything” Outcome:...

5 stages of an enterprise in decline: Jim Collins

Stage 1: Hubris born of success Stage 2: Undisciplined pursuit of more Stage 3: Denial of risk and peril Stage 4: Grasping for salvation Stage 5: Capitulation Mr. Collins’ books 1) Built to Last (1994) 2) Good to Great (2001) 3) How the Mighty Fall (2009) 4)...