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Essay

Great Depression

Essay specific features

 

Issue:

American History

 

Written by:

Erik M

 

Date added:

October 2, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

15 / 4017

 

Was viewed:

1727 times

 

Rating of current essay:

 
Essay content:

Money was distributed unequally between the rich and the middle-class, between industry and agriculture within the United States, and between the U.S. and Europe. This disproportion of wealth created an unstable economy. Before the Great Depression, the "roaring twenties" was an era during which the United States prospered tremendously...
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The nation's total income rose from $74.3 billion in 1923 to $89 billion in 1929. However, the rewards of the "Coolidge Prosperity" of the 1920's were not shared evenly among all Americans. In 1929, the top 0.1 percentage of Americans had a combined income equal to the bottom 42%. That same top 0.1 percentage of Americans in 1929 controlled 34% of all savings, while 80% of Americans had no savings at all...
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