Tuesday, March 24, 2009

Causes of the Great Depression

Maldistribution of Wealth:
In the 1920's when the great depression started, there were three classes, lower, middle, and upper class peoples. However, due to an imbalance in supply and demand during the time period, the middle class started to disperse into the others, mainly the lower class. This caused many people to not have jobs at all, and many basic jobs were mass produced to try to fill jobs for the homeless. Jobs such as farming and industry were in high production, however these jobs did not often pay well, furthering the devolopment of lower and upper class indivuals. This is why the great depression was as bad was it was, because of the maldistribution of wealth within the internal american economy.

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