Hindered American Consumers from keeping up with the high levels of american productivity. Her class is about 75 minutes. Its been the last few weeks considering how americans adapted to abundance, between the 1890s and the 1920s. Despite their efforts of producers, advertisers and retailers and of others, the supply of goods continue to outstrip demand. This was not because everyone all hundred 6 million americans had everything they needed. It was because they didnt have adequate purchasing power. They dont have adequate wages or income to buy all of that stuff. And it wasnt just americans who were in the situation. But so to our trading partners around the world. They dont have enough income to buy all of the commodities we were producing in our fields and all the wonderful things are factories were making. So by the end of the 1920s, the American Economy went bust. You will know this. You all know the stock market crashed in 1929. And the World Economy went bust as well. Worldwide
Test. Test test. We talked a lot about that, right . All of the efforts that advertisers went to add some kind of value to their product. At a certain point there is no new markets to be found. There is no new demand to be generated. Now when we talk about prices were talking about cost of living. When we talk about expectations, when we talk about expectations what were talking about is the standard of living. Right . So prices, cost of living, expectations, standard of living. And the standard of living in the 1920s was on the rise. This new standard of living was beckenni beckoning americans to buy more and to want more. The threathold of dire was rising. Now let me be really clear with you. All of the things that we looked at and thought about. But they were considered decencies. So the shift from luxury to decencies, and they were coming to become the birthright of all american citizens. Something that all americans had a right to claim, wish for, and to want. So despite the histo
That is where mitch mcconnell, that is the way he wants to go, the way i want to go. I think we want to get it done and have a big infusion as opposed to going through little meetings every couple of days. We dont want to do it that way. We want to go big, go solid. The country is very strong. Weve never been so strong. That is what we are going to be doing. We dont want, with this invisible enemy, we dont want airlines going out of business, we dont want people losing their jobs or not having money to live when they were doing very well for weeks ago. Very well just four weeks ago. So we are going big, and that is the way it will be and that is the way everybody seems to like it on the hill. Susan historian and author amity shlaes, that is President Trump in one of his recent announcements about the goals on a big series of Economic Relief packages to stem the Economic Impact of the coronavirus. Other World Leaders are doing the same. As we start out here, since you are looking at thi
London is live mohammed the countrys information minister how does he defend against the countrys many critics when the evidence of wrongdoing is so compelling. Like mohammed welcome to comfort zone thank you for the human rights record of your administration has been widely condemned by the un western countries your own Lawyers International human rights bodies for brutality and the stunning lack of accountability why do you say this go on in the june why didnt you get a grip on this i think theres been a lot of. Misrepresentation. By all these groups absolutely really working concert well i already know theyre working constant theyre working you know a little but i know for a fact that dissension in particular has been very sensitive to the issue of human rights most sometimes terrorists politicians attributes i confused with human rights so you put it all down to confusion i would do that because i do not know as a fact ive been minister for almost 5 years that this any policy of my
Week here in london live mohammed the countrys information minister how does he defend against the countrys many critics when the evidence of wrongdoing is so compelling. Like mohammed welcome to concerts. Thank you for the human rights record of your administration has been widely condemned by the un western countries your own Lawyers International human rights bodies for brutality and the stunning lack of accountability why do you see this go on and why didnt you get a grip on this i think theres been a lot of. Misrepresentation. By all these groups absolutely really working concert well i already know that working constant theyre working you know a lot but i know for a fact thats essential in particular. As being very sensitive to the issue of human rights most sometimes terrorists politicians activists are confused with human rights so you put it all down to confusion i would do that because i do not know as a fact and ive been minister for almost 5 years that this any policy of my