1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andreas93 [3]
3 years ago
7

What part of the american economy did not enjoy prosperity in the 1920s?

History
1 answer:
diamong [38]3 years ago
3 0
  <span>Many factors played a role in bringing about the depression; however, the main cause for the Great Depression was the combination of the greatly unequal distribution of wealth throughout the 1920's, and the extensive stock market speculation that took place during the latter part that same decade. The maldistribution of wealth in the 1920's existed on many levels. Money was distributed disparately between the rich and the middle-class, between industry and agriculture within the United States, and between the U.S. and Europe. This imbalance of wealth created an unstable economy. The excessive speculation in the late 1920's kept the stock market artificially high, but eventually lead to large market crashes. 

These market crashes, combined with the maldistribution of wealth, caused the American economy to capsize ... the rewards of the "Coolidge Prosperity" of the 1920's were not shared evenly among all Americans. According to a study done by the Brookings Institute, in 1929 the top 0.1% of Americans had a combined income equal to the bottom 42%. That same top 0.1% of Americans in 1929 controlled 34% of all savings, while 80% of Americans had no savings at all...In the 1923 case Adkins v. Children's Hospital, the Supreme Court ruled minimum-wage legislation unconstitutional ...Essentially what happened in the 1920's was that there was an oversupply of goods. It was not that the surplus products of industrialized society were not wanted, but rather that those whose needs were not satiated could not afford more, whereas the wealthy were satiated by spending only a small portion of their income.</span>
You might be interested in
Read this excerpt from "Eleven".
ratelena [41]

Answer:

The answer is c

Explanation:

It is external because Sylvia is being unkind to Rachel.

7 0
4 years ago
Read 2 more answers
Which type of tax provides money to the federal government?
Savatey [412]

Answer:

Income tax

Explanation:

5 0
3 years ago
Read 2 more answers
The goal of the D-Day invasion (Operation Overlord) at Normandy, France, was which of the following? A. To defeat the Axis Power
Law Incorporation [45]

Answer:

D. To take back the city of Stalingrad from Germany.​

Explanation:

3 0
3 years ago
True or false Did new immigrants help industrialize the country
finlep [7]
This is true. They took jobs in the north in factories for low wages. This increased the amount of industiralized areas. True.
3 0
3 years ago
what is the mane idea to this passage Milton Hershey died in 1945 he gave his money to the town of Hershey so is Factory in scho
Feliz [49]

The main idea would be Milton’s acts he did before and after he died.

It says “....he gave his money to the town of Hershey...” is one act  

“...will always be reimbursed for making life sweeter for others.”

Hope this helps!!

~BBGLUVER

3 0
3 years ago
Other questions:
  • What is the argument the authors are trying to make about Alexander the great?
    15·1 answer
  • Which was not a way british policy changed in the 1800s?
    14·1 answer
  • What is a weakness of congress under the articles of confederation was that it could not?
    14·1 answer
  • How did Great Britain attempt to sway the United States yo support the allies during world war 1
    8·1 answer
  • Most Mughal architecture was influenced by the Muslims and the
    8·1 answer
  • Contrast the rights male and female citizens in the Greek polis
    14·2 answers
  • Define Posion gas and also what are some advantages and disadvantages?
    10·1 answer
  • Only answer if YOU KNOW THE ANSWER!!!! Okay?? DONT ANSWER IF YOU DONT KNOW. Just STOP.
    5·2 answers
  • People used water to the land
    7·1 answer
  • Korean War 1. Why was Korea occupied by the US and USSR after World War II? ____________________________________________________
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!