great depression

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Title: great depression

Essay Details:

Subject: American History

Author: William H

Date: March 3, 2011

Level: University

Grade: A

Length: 1 / 257

Essay text:

The maldistribution of wealth in the 1920's existed on many levels. Money was distributed disparately between the rich and the middle-class, between industry and agriculture within the United States, and between the U.S. and Europe. This imbalance of wealth created an unstable economy. The excessive speculation in the late 1920's kept the stock market artificially high, but eventually lead to large market crashes. These market crashes, combined with the maldistribution of wealth, caused the American economy to capsize. 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...

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