The Great Depression was the worst economic slump ever in U.
Many factors played a role in bringing about the depression.
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Money was distributed disparately. The "roaring twenties" was an era when our country prospered. According to a study done by the Brookings.
That same top 0. Henry Ford reported a personal. By present day standards, where. A major reason for this large and growing gap between the rich. From the average output per worker.
During that same period of. Link wages increased at a rate one fourth as fast as productivity. Causes of the Great Depression. Retrieved 03,from https: Causes of the Great Depression By: The depression began in late and lasted for about a decade.
Many factors played a role in bringing about the depression; however, the main cause for the Great Depression was the combination of the greatly unequal distribution of wealth throughout the 's, and the extensive stock market speculation that took place during the latter part that same decade.
The maldistribution of The Great Depression Term Paper in the 's existed on many levels.
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Money was distributed disparately between the rich and the middle-class, between industry and agriculture link the United States, and between the U. This imbalance of wealth created an unstable economy. The excessive speculation in the late 's kept the stock market artificially high, but eventually lead to large market crashes.
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These market crashes, combined link the maldistribution of wealth, caused the American economy to capsize. The "roaring twenties" was an era when our country prospered tremendously. However, the rewards of the "Coolidge Prosperity" of the 's were not shared evenly among all Americans.
According to a study done by the Brookings Institute, in the top 0. Automotive industry mogul Henry Ford provides a striking example of the unequal distribution of wealth between the rich and the middle-class.
By present day standards, where the average yearly income in the U. This maldistribution of income between the rich and the middle class grew throughout the see more. A major reason for this large and growing gap between the rich and the working-class people was the increased manufacturing output throughout this period.
Thus wages increased at a rate one fourth as fast as productivity increased. As production costs fell quickly, wages rose slowly, and prices remained constant, the bulk benefit of the increased productivity went into corporate profits. The federal government also contributed to the growing gap between. Read full document Save. Download as for upgraded members.