The Ghost of Tom Joad (song) The Ghost of Tom Joad (song) "The Ghost of Tom Joad" is a folk rock song written by Bruce Springsteen. It is the title track to his eleventh studio album, released in 1995. The character Tom Joad, from John Steinbeck's classic 1939 novel "The Grapes of Wrath", is mentioned in the title and narrative. Originally a quiet folk song, "The Ghost of Tom Joad" has also been recorded by Rage Against the Machine and Junip. Springsteen himself has performed the song in a variety of arrangements, including with the E Street Band, and a live recording featuring Rage Against the
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