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Essay

economics

Essay specific features

 

Issue:

Business

 

Written by:

Jerry W

 

Date added:

September 4, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 907

 

Was viewed:

7217 times

 

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Essay content:

In 1929 the top .1% had a combined income equal to the bottom 42 percent (2). Much of the money was in the hands of a few families who saved or invested rather than spent their money on American goods causing a greater supply than demand. Three quarters of the population maded just enough to purchase consumer goods...
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They relied heavy on credit to make purchases and had no savings to protect them (5). By 1929, some 200 corporations controlled over half of all American wealth (2). Most of the industries that were prospering and using their profits to improve manufacturing to the point by the market crash they were supplying more than the demand...
displayed 300 characters

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