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Reptile [31]
3 years ago
11

How did income inequality in the 1920s contribute to the Great Depression? ​

History
2 answers:
Alekssandra [29.7K]3 years ago
5 0

Answer:

Explanation:

Millions of farmers defaulted on their debts, placing tremendous pressure on the banking system. Between 1920 and 1929, more than 5,000 of the country's 30,000 banks failed. ... A poor distribution of income compounded the country's economic problems.

Nookie1986 [14]3 years ago
4 0
During the 1920s, there was a pronounced shift in wealth and income toward the very rich. Between 1919 and 1929, the share of income received by the wealthiest one percent of Americans rose from 12 percent to 19 percent, while the share received by the richest five percent jumped from 24 percent to 34 percent.-digital edu website
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The economic prosperity is gained by using new global circulation of goods, because these new method are quick and less costly as compared to old methods of regional trade, while on the other hand, economic disruption occurs by using the old method of global circulation of goods because these methods are very old and not applied to this modern world.

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Lesechka [4]

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5 0
2 years ago
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mr_godi [17]

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4 0
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