investors rushed and bought many shares and everyone thought that the stocks were safe and there was indeed an economic boom.
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There was an increase of industrialization and there are new technologies such as radios and automobiles. Henry Ford reported a personal income of 14 million in the same year that the average personal income was 750. All the revenue generated throughout the decade lead consumers and economists alike to believe that there would be great cause for further increase throughout the next essays against illegal immigration fiscal year. He insisted that the banking industry now be regulated and developed.D.I.C. In 1929 a mere 200 corporations controlled approximately half of all corporate wealth. It was not that the surplus products of industrialized society were not wanted, but rather that those whose needs were not satiated could not afford more, whereas the wealthy were satiated by spending only a small portion of their income. There was an increase in personal savings. We will write a custom essay sample. Before this there was prosperity. Subjects: Social Science Essays Society and community The Stock Market Crash of 1929. In the early 1920's people were living in luxury.
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