... productivity increased workers were being replaced by automatic or semi-automatic machinery by nearly 200,000 a year in the 1920's.(Korpios) With greatly reduced operating expenses industrial magnets such as Henry Ford made millions. In one year Ford reported making 14 million dollars yet in the same year the average personal income was $750.(Gusmorino) This fire was fanned by President ... of disposable income for the middle and lower class led to an oversupply of goods that were not considered necessities such as cars and radios. Since most people could not afford these overstocked it...

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• Approx Pages: 5
• Grade Level: High School