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The classical model and the great depression.
1920 was a great decade to live in. Our country's economy was booming, people made enough money to splurge once in a while. Cars, movies, dance marathons, and the radio were many things being splurged on in our country. Cars had just become popular, thanks to Henry Ford who invented the push line. The push line turned production to a new level. Instead of one person doing all three jobs required in building something, one person
com/sayslaw.htm 7.Wanted: Alternative Thinkers for a Change; Policy: Forget production and consumption; politicians should open their minds to new ideas because a slump looms. ROBERT THEOBALD; The Los Angeles Times, Los Angeles Calif.; Apr 8, 1996; pg. 5 8.The Wealth of Nations by Adam Smith 1910 9.Walled Street Journal quarter 1,2,3,4 of 1929 quarter 1,2 1930 10.Essay's on the Great Depression by Ben S. Bernanke 2000 11.Money, the Market, and the State edited by Nicholas A. Beadles and L. Aubrey Drewry, Jr. 1968