Inequalities Of Wealth Flashcards
1
Q
Why didn’t farmers benefit?
A
Farm income fell from $22 billion in 1919 to $13 billion in 1928. This was because of competition with Canada, over production, falling population and falling exports
2
Q
Why didn’t workers in old industries benefit?
A
Workers in old industries such as coal experienced competition from new industries e.g. oil
3
Q
Why didn’t the unemployed and poor benefit?
A
Many companies were growing but electrifying or mechanising production which didn’t create many new jobs
