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Title: Main Causes of The Great Depression

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Subject: United States
Author: Anonymous
Date: July 1, 2009
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Length: 7 / 1873
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While the disposable income per capita rose 9% from 1920 to 1929, those with income within the top 1% enjoyed a stupendous 75% increase in per capita disposable income(end note 7). A major reason for this large and growing gap between the rich and the working-class people was the increased manufacturing output throughout this period...

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From 1923-1929 the average output per worker increased 32% in manufacturing(end note 8). During that same period of time average wages for manufacturing jobs increased only 8%(end note 9). Thus wages increased at a rate one fourth as fast as productivity increased...

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