r being at the height of fashion was enough to keep the economy going for most of the 20's but that would no last.
During the First World War my great grand mothers expanded to keep up with the demand the war created. To do this they got a loan from the bank to purchase the need supplies; machines and the land needed to expand. After the war ended the demand for corn drastically dropped. Consequently, the farm produced an excess product so the price dropped. My great grandfather now had problems paying the bill and making ends meat but he managed for a while. Nevertheless, the lack of money would soon take its toll.
The problem with the way America was heading was that income was distributed very unevenly and the portion going to the rich got larger and larger as the 20's progressed. Corporations started to make bigger and bigger profits yet the profits were not passed on to the workers. In addition, in 1926, The Revenue act was pa
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