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Having a surplus of products was one of the main reasons that caused the Great Depression. Beginning in the 1920's, with Ford's invention of the assembly line, products began to be cheaper. Most could afford the products (which were marketed to the people for the first time in history, in which marketers tried to get people to buy things they did not need) and those who could not paid on credit. By the end of the 1920's, though, the objects being sold were things that lasted for a long time. People stopped buying and soon the industries were producing more than they sold, giving them a large profit/production cost in extreme misbalance. Stocks began to plummet due to this, and those who saw these profits plummeting ran to the banks, only to find the money they put in there was in turn put into the stocks and therefore was no longer there. The Stock Market than crashed and thousands of banks across the nation shut down, sparking the Great Depression.
What else can I help you with?
Does buying goods from other countries hurt the economy?
No, the economy is built on trade and the circulation of money, by buying the goods you help the economy. By supporting a developing country's goods by buying them you help create demand for their industries and thus support their economy.
Does a downturn in the economy hurt all companies?
A downturn in the economy does not hurt all companies equally; some may even benefit. Industries such as discount retailers or essential services often see increased demand during economic slowdowns, while luxury brands and non-essential sectors typically suffer. Additionally, companies with strong financial reserves and adaptability can navigate downturns more effectively than those with weaker structures. Overall, the impact varies significantly based on the industry, business model, and management strategies.
Are businesses hurt by competition?
no
How did reagonomics hurt economics?
British hurt Irish by flooding Ireland with manufacturing goods, hurting local producers
What was the Restrictive trade policy that hurt Britain but hurt American shippers and farmers even more?
Embargo Act of 1807
How do these industries benefit Tennessee?
Because it can show how it can hurt hurt the state
Are you having a baby if your nipples hurt?
No your not having a baby
How did corruption hurt the Republicans during the 1920s?
The Tea Pot Scandal commonly called The Teapot Dome Scandal
Does having your period hurt?
no, but it is ANNOYING!!!!!!!!!!
Did mission san Jose hurt or help California?
it hurt by having sex
Why did the 1920s hurt the American labor movement?
Much of the work force consisted of immigrants who were willing to work in poor conditions.
Does lupus hurt?
It can hurt. Where you are having a flare it is common for your joints and muscles to be attacked by your immune system causing pain which is sometimes severe. But simply having lupus does not hurt all of the time.
Why did the great depression hurt your economies?
Many People Depend On Hard Industries And So When It Happened The Industries Failed So Many People Lost Jobs
How does it hurt after sex?
Usually it shouldn't hurt, neither during, nor after, having sex.
Why does it hurt to pee after having a period?
It's not suppose to hurt... Go see a dr.
Does having an adult tooth hurt?
no, not really.
Is having a water birth safe?
do it hurt
