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People preffered to work in cities than to work in the farm life they felt they had it better.

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During this time there were a lot of ads for products for people to buy. People were willing to pay anything just to have these items in which they did not need but wanted.

Once again many of these people spent their money on useless products and when they had no more money they stopped buying causing production to stop and unemployment to grow.

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As long as someone has a job they can be rich. According to this document a man with a job must know how to save his money wisely because if he saves he can invest it in a good common stock aqnd his money will accumulate

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When people bought everything that they could afford they no longer bought anymore products. When products slackened workers were laid off but again when they start buying in lay way the bill gets higher and they are left with debt and unemployment.

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People were no longer ashamed of debt encouraging them to buy in the installment plan or in other words lay away. Which indeed brought more debt to them

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Family income distribution, business cycle, and the stock market crash

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Family income distribution, business cycle, and the stock market crash

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Unemployment to farm workers and non farm workers

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Unemployment to farm workers and non farm workers

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Many gambled the stocks sure enough to think they would win a big profit. They invested almost everything on stocks rather than improving American business.

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From 1926 to 1945 there was perhaps about double the people working in cities rather than farms that were unemployed. On 1932 to 1935 there was the highest number of unemployment people both that worked in farms or not in farms.

This might have been due to the reason that people got left with a lot of debt after spending much more and then factories or such having to cut off production a lay off workers.

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Although people felt they were living the good life many of them kept buying and buying products they wanted but did not need. When peoples debts kept rising and they realized they could afford no more they stopped buying causing many factories to over produce and then have to lay off workers since they had to stop production.

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In 1929 $2000 income was the minimum necessary for meeting the basic needs of an average family in the United States .

When the stock market crashed many were left without money since they had invested everything in it . During this time most people 32% were earning these $2000 income which covered the poverty line.

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The United States business cycle is mainly described as a roller coaster because it goes up and down on the scale. During 1835 to 1905 The United States seemed to be on a up and down scale there was cotton boom and many other booms and properties industrially . After World War 1 the scale of the business cycle was up but by 1930 the scale was all down for a long period of time called The Great Depression.

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On Tuesday October 29,1929 the stock market crashed causing many people to loose all their money.

Lots of people bought stocks thinking it was a for sure thing but they didnt truly have the money to back it up causing

the crash of 1929.