Why did the prosperity that is seemingly boundless of 1920s end so suddenly? And just why, as soon as a downturn that is economic, did the Great Depression last such a long time?
Economists are challenged to describe why “prosperity’s ten years” finished in monetary tragedy. In 1929, the economy that is american become extraordinarily healthier. Work was high and inflation had been practically non-existent. Commercial production had increased 30 % between 1919 and 1929, and per capita earnings had climbed from $520 to $681. America accounted for almost 50 % of the whole world’s commercial production. Continue reading Which most useful explains why farmers into the depression that is great maybe perhaps not repay their loans?