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
While it is happening and i dont want to be wrong. Except in that nobel prize in literature in 1962, he reflected on the ancient commission of the writer to expose failures and how it dark and dangerous dreams for the purpose of improvement. He thought about these words in recent years as my attention has turned to steinbecks writing as a window onto the western nation in the middle third of the 20th century for the error from the new deal for the Great Society second american age of progressive reform. I entered my own scholarly work as it has been by my admiration for much of activism 1930s and 19. I am confident few people think of me has a magnificent scholar the last three decades writing about the west and american thought moderate prescriptive hardly manifesto expectations western pass can help navigate the difficulties and complexities of the present. Mine has been history is your approach acknowledging our field is not science but conform policy by illuminating actions, proces
So thered be appropriate for us to talk about the story of norveld, which isnt its its a Great Depression story. About how to deal with the suffering that the Great Depression brought about and i want to first talk a little bit about that suffering so we can see that. Economic epic opportunity fell pretty dramatically. This is a measure of us gross domestic product. So does anybody know what that might mean . Gross domestic product have a sense dan. I would be products in the us in general not imports or exports just products in the us and not just physical products, but all economic activity. So its its an attempt to measure all the academic activity thats happening in the economy. And so and of course, it wont catch everything, but it catches a lot of it and its good to compare across time and you can see that in 1929. Were over a hundred billion dollars in gross domestic product, but that started to fall pretty dramatically so that by 1930 were below a hundred million by 1931 were b
Great depression story. About how to deal with the suffering that the Great Depression brought about and i want to first talk a little bit about that suffering so we can see that. Economic epic opportunity fell pretty dramatically. This is a measure of us gross domestic product. So does anybody know what that might mean . Gross domestic product have a sense dan. I would be products in the us in general not imports or exports just products in the us and not just physical products, but all economic activity. So its its an attempt to measure all the academic activity thats happening in the economy. And so and of course, it wont catch everything, but it catches a lot of it and its good to compare across time and you can see that in 1929. Were over a hundred billion dollars in gross domestic product, but that started to fall pretty dramatically so that by 1930 were below a hundred million by 1931 were below 80 million by 1932 were below 60 million and were right about in the 50s, so were pr
Except in that nobel prize in literature in 1962, he reflected on the ancient commission of the writer to expose failures and how it dark and dangerous dreams for the purpose of improvement. He thought about these words in recent years as my attention has turned to steinbecks writing as a window onto the western nation in the middle third of the 20th century for the error from the new deal for the Great Society second american age of progressive reform. I entered my own scholarly work as it has been by my admiration for much of activism 1930s and 19. I am confident few people think of me has a magnificent scholar the last three decades writing about the west and american thought moderate prescriptive hardly manifesto expectations western pass can help navigate the difficulties and complexities of the present. Mine has been history is your approach acknowledging our field is not science but conform policy by illuminating actions, processes and consequences. Times is expunging maybes for