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Unequal Distribution of Wealth. Henry Ford, the founder of the Ford Motor Company and part of the rich elite of the 1920' 1929, a study was done that proved that the top 1% of Americans had the same combined income as the bottom 42% of e same 1% controlled 30% of bank savings in America while 80% of Americans had no savings at ese 2 facts show that America in the 1920's had a huge unequal distribution of wealth and it helped contribute to the Great Depression.
According to mainstream historians, the connection between these is that unequal distribution of wealth did a great deal to cause the e idea is that the rich had too much of the ...
These 2 facts show that America in the 1920’s had a huge unequal distribution of wealth and it helped contribute to the Great Depression. During the 20’s, low wages for many Americans help cause the uneven wealth because many Americans worked in factories or on farms that did not leave them with a lot of money.
the combination of the greatly unequal distribution of wealth throughout the 1920s which in turn created an unstable economy According to a study done by the Brookings Institute, in 1929 the top 0.1% of Americans had a combined income equal to the bottom 42%2.
While wealth inequality today looks a lot like it did in the 1920s, the factors driving it are slightly tween 1913 and 1929, the economists note, the rich saved more and also got...
But the equalizing trends of the mid 20th century have now been almost completely the top of the American economic summit, the richest of the nation’s rich now hold as large a wealth share as they did in the e rich don’t just have more wealth than everyone else.
While this number escalated during the First World War, reaching almost 20% by the end of the war, anti-union movements of the 1920s eliminated most of these membership gains.
Causes of the Great Depression Fact 10: Causes - Unequal distribution of wealth: The Unequal distribution of wealth in the 1920's contributed to the Great Depression. 40% of middle class Americans prospered during the economic boom but the other 60% of Americans were poor and were struggling to make a living even before the economic e whole of the nation began to suffer during the Great Depression.