Over outturn
Other priming coats Wall 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 made and this became over production (more goods were being made than the American population would be equal to consume). People had already bought the goods that they wanted (if they could afford them). There were non enough people buying the goods that were on the market.
Poverty
An another(prenominal) reason for the crash could also be the poverty found in 50% of the American population. Families that only earned $2,000 or little a year only purchased necessities. They were not contributing to the market. For example, the tillage industry has been at a low meaning that close to of them were just scraping a living. The new immigrants to America were given low paid jobs. They had no money to lead on radios or refrigerators. In the old industries (e.g. raw 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 led to them not having disposable 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 Europe because they owe large amounts of money to the US because of loans given to them during World contend I and are currently not able to wage them back. Also, the government has put high tariffs on goods imported 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 full essay, prescribe it on our website: Ordercustompaper.com
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