The US economy stood on the precipice of a six-year run of stock market gro...
Citations (1)
- All the Presidents' Bankers: The Hidden Alliances That Drive American Power whole source · open book
The US economy stood on the precipice of a six-year run of stock market growth and record high Wall Street profits, which masked underlying problems: home prices had softened in 1926, car sales dropped in 1927, and construction would level off in 1928.70 Inequality had increased dramatically, threatening economic stability. The whole system was buckling.
chapter: Chapter 4: The 1920s: Political Isolationism, Financial Internationalism