Depression Era economic factors
What factors in the economy contributed to the depression? How did the capitalist and industrialist society created after the Civil War affect the economy?© SolutionLibrary Inc. solutionlibary.com 9836dcf9d7 https://solutionlibrary.com/history/north-american-history/depression-era-economic-factors-7g18
...ng only a small portion of their income" (http://www.gusmorino.com/pag3/greatdepression/).
Another factor might be how the U.S. economy was also "reliant upon luxury spending and investment from the rich The significant problem with this reliance was that luxury spending and investment were based on the wealthy's confidence in the U.S. economy. If conditions were to take a downturn (as they did with the market crashed in fall and winter 1929), this spending and investment would slow to a halt" (http://www.gusmorino.com/pag3/greatdepression/).
When addressing how the ...