Essay heading: Main Causes of The Great Depression
Essay specific features
July 1, 2009
No of pages / words:
7 / 1873
Rating of current essay:
Automotive industry mogul Henry Ford provides a striking
example of the unequal distribution of wealth between the rich and the middle-class. Henry Ford reported
a personal income of $14 million(end note 4) in the same year that the average personal income was
$750(end note 5). By present day standards, where the average yearly income in the U...
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By present day standards, where the average yearly income in the U.S. is around
$18,500(end note 6), Mr. Ford would be earning over $345 million a yea!
r! This maldistribution of income between the rich and the middle class grew throughout the 1920's. While
the disposable income per capita rose 9% from 1920 to 1929, those with income within the top 1% enjoyed a
stupendous 75% increase in per capita disposable income(end note 7)...
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