History 2201E Lecture : History 2201E great depression.doc
22 Mar 2012
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Model t first mass produced car 2nd largest selling car in history. Explosion in production best example of early mass production. By the time the depression hits 1 in 4 families have a car. What we start to see is a shift on how products are being sold they would sell goods on the pretence that these goods will give you things that you want like status and love. Economy is based upon personal consumption when people stop buying depressions hit. Began in 1929 and ended around when the second world war began (unemployment began to lower once the us entered to the war) The great depression started in the united states and spread throughout the world. Rapid decline in the production and sale of goods and a spike in unemployment many businesses closed down and people lost their homes and savings and many people had to rely on charity.
