Causes Of The Great Depression

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Title: Causes Of The Great Depression

Essay Details:

Subject: American History

Author: Stephane S

Date: December 17, 2012

Level: University

Grade: A

Length: 2 / 449

Essay text:

Fewer workers meant less money being redistributed to the consumers to purchase products. America didn't have a necessity for this higher quantity of goods with less people receiving paychecks. Thusly, the age-old system of supply and demand began to wither because there were too many products with too few people who could afford them. In 1922, the average weekly earning for most people was about 22 dollars. Because of this uneven distribution of income, families couldn't afford to buy most products. Businesses suffered additionally because they had trouble selling goods. Most profits that could have been put into employee's salaries went to shareholders or back to the business itself...

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