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Great Depression
Part 1 of Paper
....e industrialized world. The depression began in late 1929 and lasted for about a decade. Many factors played a role in bringing about the depression; however, the main cause for the was the combination of the greatly unequal distribution of wealth throughout the 1920's, and the extensive stockmarket speculation that t.... Part 2 of Paper
....s, while 80% of Americans had no savings at all. Automotive industry mogul Henry Ford is one 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 persons income was $750. By present day standards Mr. Ford would be earning over $345 million a year! This lack of distribution of income between the rich and the middle class grew throughout the 1920's. A major reason for this large a.... |
| Number of words: 1624 - Approximate pages: 6 |
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