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
Where why politicians are struggling to get teachers back to class. Barbara hello and welcome to the program. The death toll in the United States has passed 90,000, with more than 1. 5 Million People infected. Just as the country passed that mark, President Donald Trump revealed that he is taking the controversial and unproven treatment hydroxychloroquine to prevent coronavirus infection. Trump announces you medical regimen while addressing hospitality sector business leaders. The antimalaria drugs has been repeatedly touted by trump as a potential game changer. I get a lot of tremendously positive news on the hydroxy, and i say, hey, you know the expression of used, john . What do you have to lose . Ok, what do you have to lose . I have been taking it for about a week and a half, every day. I take a pill every day. At some point i will stop. What i would like to do is have the cure and or the vaccine, and i think that will happen very soon. Barbara mike has more on those comments from
Schultz, he talks about his book, issues on my mind. In the measures onio mind you talk when it comes to terrorism, we must think of moral involved if we must think of way of life, we must be willing to defend them. Means of more active defense and deterrence must be considered given the political support. If you have a Law Enforcement approach, you say, okay, let a terrorist act happen, then we find out who did it and we try them in the u. S. Courts and end lease appeal they go to jail. Well, what does that accomplish . A certain deterrence but in the meantime terrorist act is taking place and terrorist act like 9 11 can kill a lot of people. If you know something is coming at you, stop it from happening. In other words, prevention. I think when i first said that in 1984 it was controversial but after 9 11 people said, of course, we should be trying to stop that from happening and so trying to prevent things is very important and we do it a great deal in the country. I think theres be
Weeks of lockdown shops restaurants and hairdressers opened their doors again initially in. The majority. And well tell you why politicians in hong kongs parliament are physically fighting for control of a Key Committee. Hello thank you for joining us france and germany have proposed a 545000000000 dollars relief fund to help europe recover from the coronavirus pandemic in a Video Conference the countrys leaders suggested the e. U. Borrow the money together and use it to support europes hardest hit industries and regions meanwhile chinas president has been defending beijings response to the outbreak at a Virtual World Health Organization assembly caesium pings said he supports a global inquiry into the response to covert 1000. 00 but only once the pandemic is under control well its definitely not under control in brazils biggest city sao paolo where the mayor says a 90 percent of the citys hospitals are full and they could run out of space in 2 weeks meanwhile each of these shops the b