The Ghost of Tom Joad guitar work and the lyrics on many of the tracks are a somber reflection of life in the mid-1990s in America and Mexico. The character of Tom Joad entered the American consciousness in John Steinbeck’s 1939 Pulitzer Prize-winning novel, "The Grapes of Wrath", set against the economic hardships of the Great Depression. This spawned a film version starring Henry Fonda, which in turn inspired folk singer Woody Guthrie to pen "The Ballad of Tom Joad". The album's release was followed by Springsteen's solo acoustic Ghost of Tom Joad Tour, which ran from 1995 to 1997 and consisted of mostly small
Causes of the Great Depression many people believed they could avoid further losses by keeping clear of the markets. Holding money therefore became profitable as prices dropped lower and a given amount of money bought ever more goods, exacerbating the drop in demand. Second, there are the monetarists, who believe that the Great Depression started as an ordinary recession, but that significant policy mistakes by monetary authorities (especially the Federal Reserve) caused a shrinking of the money supply which greatly exacerbated the economic situation, causing a recession to descend into the Great Depression. Related to this explanation are those who point to debt deflation causing