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CSPAN3 Lectures In History Abundance Wages The Great Depression July 12, 2024

Stuff. And it wasnt just americans who were in the situation but so too were our trading partners around the world. They didnt have enough income to buy all the commodities we were producing in our fields and all the wonderful things our factories were making. So by the end of the 1920s the American Economy went bust. You all know the stock market crashed in 1929 and the World Economy went bust as well, a worldwide economic depression set in that lasted between 1929 and wasnt officially over until 1942. What was called the Great Depression could be considered a crisis of abundance. It brought attention to purchasing power and in doing so it ended up politicizing consumption. We talked a lot about how consumer culture rose to be at the very center of american culture. And i keep telling you we need to consider politics ....

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CSPAN3 Lectures In History Abundance Wages The Great Depression July 12, 2024

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. ....

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CSPAN3 Lectures In History Abundance Wages The Great Depression July 12, 2024

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 ....

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BLOOMBERG Bloomberg Daybreak Americas July 13, 2024

We will take you to the basic news, and we will begin with , a call to help negate the academic Economic Impact of the coronavirus. Michael mckee joints me now with more. Theres a lot riding on the next 24 hours. Mike a rescue package for European Countries should be based on the european stability mechanism rather than joint bond issuance. And another idea is to set up another European Fund that would guarantee bank loans to Small Business. And finance ministers meet tomorrow to discuss a package and then possibly the leaders would decide on something on thursday. Thehe other of the world, japanese Prime Minister is announcing the largest similars package ever for the country. He says he will declare a sta ....

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FBC After The Bell July 14, 2024

Keeping track of todays top stories. Gerri willis standing by there on the floor of the new york stock exchange. Jeff flock is out in milwaukee. Gerri, with the records being set, we start with you. So hard to keep up with all the information, right . The market is on fire. The dow on pace for a second Straight Record close. This is the third of 2019, led by united health, home dethe. These are the weekly winners. J j big headline, johnson johnson, the stock diving after we learned that the department of justice is pursuing a criminal investigation into the company there. The biggest dragger on the dow, shaving more than 40 points off the blue chip index. Big headline there, originally reported by bloomberg. Intraday the s p on fire, closing out at 3013 as you just said. On pace for the record straight close. It is 10th record close of the year. The markets are on fire. Everybody down here amazed at the performance. You have to l ....

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