1) The economic boom in the 1920s contributed to the W completely roadway Crash. the States at the descent of the 1920s was a orphic and prosperous nation and meliorate entirely(prenominal) the time. the States had been relatively unimpressed by World state of war 1, this resulted in the factories of America change favorables to Europe to make gigantic profits. The people in America had a exercise set of money, particularly those living in the city, which had good bank lines. Even the farmers were getting a good income because the country could succumb to purchase crops at a high rate. some Americans were highly happy and were enjoying their lives in severalise to Europe. They were living the American Dream. This is because intimately of the Americans had high salaries so they could exclusivelyow to buy the a la mode(p) equipment and the newest technologies. This was also the time when the bestow and credit dealers began announce all over the country. Banks also began advertising loans; because many residents were wealthy they could aspirate more, richer customers to their bank. This made a lot of poorer people jealous in the city and especially the farmers in the countryside. However by 1929 consumer longsighted industries began producing too much so therefore began losing money.
Everyone had bought what they needed for their homes so they didnt buy more of the comparable goods but the industries continued producing because they persuasion they could sell their products. However it came as a huge majestic surprise to the factory owners and workers that their products were no longer wishinged. This caused the factories to go shiver and shut down, which led to job losses and panic all over the stock-market. This is when The Americans knew that their happy lives were in peril. The reason why so many people suffered was... If you want to get a full(a) essay, pose it on our website:
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