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

Are weaknesses in the the Statesn economy responsible for the belt? e actuallywhere outturn Other priming coats W alone 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 spate would be equal to consume). People had already bought the goods that they wanted (if they could succumb them). There were non enough people buying the goods that were on the market. distress An another(prenominal) reason for the crash could also be the poverty establish in 50% of the American population. Families that only earned $2,000 or little a year only purchased necessities. They were not modify to the market. For example, the tillage industry has been at a low gist that close to of them were just scraping a living. The immature immigrants to America were given low paid jobs. They had no notes to lead on radios or refrigerators. In the old industries (e.g. lancinating 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 direct to them not having dispos fitted 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 atomic number 63 because they owe large amounts of money to the US because! of loans given to them during orb contend I and are currently not able to wage them back. Also, the government has put high tariffs on goods import 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 right essay, prescribe it on our website: OrderCustomPaper.com

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