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Eilaine Roth, American professional baseball player (d. 2011) Elaine Roth, American professional baseball player (d. 2007) January 19 – Red Amick, American race car driver (d. 1995) January 20. Jimmy Cobb, American jazz drummer (d. 2020) Arte Johnson, American comedian and actor (d. 2019) Frank Kush, American football player and coach (d. 2017)
1928 and 1929 were the times in the 20th century that the wealth gap reached such skewed extremes; [243] half the unemployed had been out of work for over six months, something that was not repeated until the late-2000s recession. 2007 and 2008 eventually saw the world reach new levels of wealth gap inequality that rivalled the years of 1928 ...
The Defining Moment: The Great Depression and the American Economy in the Twentieth Century (1998). Advanced economic history. Bremer, William W. "Along the American Way: The New Deal's Work Relief Programs for the Unemployed." Journal of American History 62 (December 1975): 636–652 online; Cannadine, David (2007). Mellon: An American Life.
This peak matches early-1929 levels, but is 30% below the September 1929 peak. May: Automobile sales fall below 1928 levels. June 17: Smoot-Hawley Tariff Act passed, placing more stress on the weakening global economy, primarily through the collapse in trade of agricultural products, which strained banks that had lent heavily to farmers ...
The Dow Jones Industrial Average, 1928–1930. The "Roaring Twenties", the decade following World War I that led to the crash, [4] was a time of wealth and excess.Building on post-war optimism, rural Americans migrated to the cities in vast numbers throughout the decade with hopes of finding a more prosperous life in the ever-growing expansion of America's industrial sector.
This, he says, has caused the wealth gap with many people barely getting by while others thrive. “It was an agrarian economy a couple hundred years ago,” he said in an interview with CNN.
The reversal of the great compression has been called "the Great Divergence" by Krugman and is the title of a Slate article and book by Timothy Noah. [9] Krugman also notes that era before the Great Divergence was one not only of relative equality but of economic growth far surpassing the "Great Divergence". [10]
Jared Fields has sparked controversy inside the Big Brother season 25 house after he referred to fellow contestant America Lopez as the R-word. Jared, 25, is the current Head of Household and was ...