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Essay

Great Depression

Essay specific features

 

Issue:

American History

 

Written by:

Ramon M

 

Date added:

September 28, 2012

 

Level:

University

 

Grade:

B

 

No of pages / words:

11 / 2927

 

Was viewed:

708 times

 

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Essay content:

Automotive industry tycoon Henry Ford provides an example of the unequal distribution of wealth between the rich and the middle-class. Henry Ford reported a personal income of $14 million in the same year that the average personal income was $750. This poor distribution of income between the rich and the middle class grew throughout the 1920's...
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This poor distribution 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-percentage enjoyed an extraordinary 75% increase in per capita disposable income. These market crashes, combined with the poor distribution of wealth, caused the American economy to overturn...
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