Income Gap Great Depression

Inequality of wealth and income in the great depression the following is excerpted from the wikipedia entry on the great depression.

Income gap great depression. Roosevelt s chairman of the federal reserve from november 1934 to february 1948 detailed what he believed caused the depression in his memoirs beckoning frontiers. Thanks to president bush s policies the income gap is now higher than at any time since the great depression by wes allison december 15 2007 fred thompson. This period is known as the roaring twenties as a result. Eccles who served as franklin d.

During this period the roaring twenties weren t roaring for everyone. In some years it was close to 25. There were many developments that took place during the 1920 s which culminated in the great depression at the end of that decade. An economics paper says that the wealth gap in america is as high as it s been since before the great depression as income inequality grows.

The fourth cause the great depression was the large income gap that existed between the wealthiest people and the poorest people in the late 1920s. When such a large share of the population is earning near zero in terms of income it is hard to imagine that inequality did not increase. The unequal distribution of income a popular theory as to what might have caused the great depression was that in the 1920 s there was an unequal distribution of income between the rich and the middle or poor wikipedia.