... could not buy the goods as fast as they were produced. Since the economy was in such good shape, many Americans could afford to purchase refrigerators, washing machines, and radios. Low-income families could afford to buy an inexpensive Model T, which Henry Ford developed in 1908. The number of passenger cars in the United States jumped from fewer then 7 million in 1919 to ... ...
... 's. The growth of the population was very low. European Jews who fled Nazi Germany were denied entrance into Canada. In Saskatchewan, the rural population grew faster than its urban population. Henry Jacobson, a 78 year old said," The depression took away my wife, my home, a sector of good land back in Saskatchewan and left me with nothing." 8 The worst area hit was ... in 2 and a half years" 13 The hardest hit area was Saskatchewan "Per capita income fell from $478 in 1929-29 to $135 in 1932 - a 71% decrease" 14 People could not afford to purchase products produced because there was a l...
... the people would have an average of .58 cents to live off. With the uneven amount of money around, the average American family earned $750 dollars. At the same time, Henry Ford made fourteen million dollars. If that is compared to today's standards, the average family makes 18,500 dollars. If Ford's personal revenue would have grown at the same pace ... and goods. Americans were able to produce large amounts of goods because of their new industrial advances. However, the people had saved no money to buy these items. Americans couldn't afford the goods produced which lead to massive stor...
