The Great Crash of 1929

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Written by:

Kathy B


Date added:

August 27, 2015








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4 / 888


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" According to Galbraith, there was a high employment rate as well as production. "Wages were not going up much, but prices were still stable. Although many people were still very poor, more people were comfortably well-off?" He goes on to make mention of the land boom in Florida earlier in the 1920's...
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People were flocking to Florida, buying up land with the hopes that the values would greatly increase. Even though the real estate boom in Florida came to an end, it expressed the ideology of Americans at that time. "They were displaying an inordinate desire to get rich quickly with a minimum of physical effort...
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