The crash did not cause the Depression: that was part of a far broader malaise. What it did was expose the weaknesses that underpinned the confidence and optimism of the 1920s - poor distribution of income, a weak banking structure and insufficient regulations, the economy's dependence on new consumer goods, the over-extension of industry and the Government's blind belief that promoting business interests would make America uniformly prosperous.
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Author
Lucy Moore
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Author Summary
About Lucy Moore on QuoteMust
Lucy Moore currently has 1 indexed quotes and 1 linked works on QuoteMust. This page is the canonical destination for that author archive.
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Books and titles linked to this author
Anything Goes: A Biography of the Roaring Twenties
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