1. How Did The Economic Conditions Of The Unites States Of America In The Nineteen Twenties Enable Underworld Figures Such As Al Capone To Prosper?
... is not ensured that demand will always equal supply. Essentially what happened in the 1920's was that there was an oversupply of goods. It was not that the surplus products of industrialised society were not wanted, but rather that those of the lower class could not afford more, whereas the wealthy spent only a small portion of their income. "On Monday October 21, 1929 prices on the Stock Exchange started to fall ... speculation and the resulting stock market crashes acted as a trigger to the already unstable U.S. economy. Due to the misdistribution of wealth, the economy of the 1920's w...
- Word Count: 3204
- Approx Pages: 13
- Has Bibliography
- Grade Level: High School