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Great Depression Timeline
Part 1 of Paper
....ment cuts back spending to balance the budget in 1920, a severe recession results. However, the war economy invested heavily in the manufacturing sector, and the next decade will see an explosion of productivity... although only for certain sectors of the economy.
An average of 600 banks fail each year.
Agricultural,.... Part 2 of Paper
....letely. Taxes on the rich will fall throughout the decade.
By 1929, the richest 1 percent will own 40 percent of the nation's wealth. The bottom 93 percent will have experienced a 4 percent drop in real disposable per-capita income between 1923 and 1929.
The middle class comprises only 15 to 20 percent of all Americans.
Individual worker productivity rises an astonishing 43 percent from 1919 to 1929. But the rewards are being funneled to the top: the number of people reporting half-million.... |
| Number of words: 1725 - Approximate pages: 7 |
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