Essay heading: Depression and New Deal
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December 4, 2005
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The misdistribution of wealth between the rich and the poor was too large, with no middle class, or working class, to balance the too sides. As the poor became poorer, they could no longer afford luxury items, and the rich no longer needed so many cheap items. So overproduction was a great impact on the production industry, as well as on agriculture, where the decline of farm prices was great, and since the industrial revolution and World War 1, had not been benefited...
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So overproduction was a great impact on the production industry, as well as on agriculture, where the decline of farm prices was great, and since the industrial revolution and World War 1, had not been benefited. Technology pushed people out of jobs and the US out of the trading cycle of the world. But the US added higher tariffs, the other countries rebelled and posted their own tariffs, so no country had money flowing in or out...
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