Are Weaknesses in the American Economy Responsible for the Wall Street Crash?

Are weaknesses in the the Statesn economy responsible for the belt? over outturn Other priming coats W all told Street crashed yesterday could have been the overrun of goods. Hundreds, and hundreds of juvenile good could be produced at rapid paces because of the submission of mass-production methods. Too many goods were being make and this became over production (more goods were being made than the American community would be equal to consume). People had already bought the goods that they wanted (if they could present them). There were non enough the great unwashed buying the goods that were on the market. poorness An a nonher(prenominal) reason for the crash could also be the poverty set in 50% of the American population. Families that only earned $2,000 or little a year only purchased necessities. They were not change to the market. For example, the tillage industry has been at a low significance that close to of them were just scraping a living. The invigorated immigrants to America were given low paid jobs. They had no capital to lead on radios or refrigerators. In the old industries (e.g. defenseless satisfying industries) there was a low demand because of all the new industries introduced in the 20s.

Poor wages and the demolishment of trade unions conduct to them not having dispos fitting income to spend on luxuries. Also, Black people were proceed to be discriminated against, and lived in poverty. Trade The US has not been selling the left(a) over products (due to over-production) to other countries around the world. Especially to europium bec ause they owe large amounts of money to the ! US because of loans given to them during introduction contend I and are currently not able to wage them back. Also, the government has put high tariffs on goods trade from other countries and the European companies could not sell to America because of the very plastered American businesses.If you want to get a salutary essay, prescribe it on our website: OrderCustomPaper.com

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