Source: The New Reality for Americans
1 answer:
Answer:
the 20's consumption went up, the gross national product (GNP) went up and the stock market went up = "bull market"
Stock prices made the rich, richer. Consumers piled up huge debts as they purchased goods on credit, and living beyond what they could afford.
Farmers went into debt and overproduced, to much product no buyers. There was declining trade from the US to other countries and higher taxes.
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