Great Depression

             As a result of the costs of World War One, industrial business
             generally became exceptionally more profitable in America based on the U.S.
             entry into the war and the concurrent increased demands on basic resources
             and industrial goods. Incentives offered by the government convinced most
             U.S. business to reinvest profits in their companies in a fashion that made
             make the more efficient and thereby more profitable. This increase in
             investment capital was also met by a general great leapt forward in the
             type of industrial machinery available as well, which was continuing to
             make the processing and creation of industrial goods more efficient and
             more profitable. The recent inclusion of other more abstract techniques
             like the assembly line created by Henry Ford also enabled an increase in
             general efficiency and productivity. With the end of World War One and the
             return of cheap manual labor in droves as a result of the soldiers who were
             now released from the military, industrial production and profitability
             increased even more dramatically after the war and continued through most
             of the 1920s in a fashion that greatly increased the wealth of the nation,
             resulting in the often showy ostentatious nature of the decade that leant
             it the name of the "roaring twenties." Indeed, however, this is a bit of a
             misnomer, in that the majority of the wealth accrued to a relatively small
             percentage of the population such that the divide between rich and poor
             increased exponentially. Although some of this material gain did "trickle
             down" and increase prosperity all around, it was mostly given to the rich,
             who continued their investment and speculation, particularly in the stock
             Indeed, it is in the stock market that the woes of the Great
             Depression began. The amount of speculation in the stock market was
             generally extremely high and worked on the assumption that the ridiculous
             ...

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Great Depression. (1969, December 31). In MegaEssays.com. Retrieved 02:28, November 15, 2024, from https://www.megaessays.com/viewpaper/200353.html