Hindered American Consumers from keeping up with the high levels of american productivity. Her class is about 75 minutes. Its been the last few weeks considering how americans adapted to abundance, between the 1890s and the 1920s. Despite their efforts of producers, advertisers and retailers and of others, the supply of goods continue to outstrip demand. This was not because everyone all hundred 6 million americans had everything they needed. It was because they didnt have adequate purchasing power. They dont have adequate wages or income to buy all of that stuff. And it wasnt just americans who were in the situation. But so to our trading partners around the world. They dont have enough income to buy all of the commodities we were producing in our fields and all the wonderful things are factories were making. So by the end of the 1920s, the American Economy went bust. You will know this. You all know the stock market crashed in 1929. And the World Economy went bust as well. Worldwide
hawaii. thank you so much bill. and i also like to single out ali for all your logistics work and making this possible tonight in the face of an ongoing global pandemic. putting together a big public program and the in the is difficult and the best of circumstances and the challenge is of bringing us together and keeping us safe is presenting a million new complications. thank you for everything. you ve done make this happen. i m here tonight to talk about something wonderful. something almost miraculous it marked a radical transformation when it occurred. it was contrary to centuries of what had gone on before when america actually prided itself on being a dog eat dog culture. those were the times of the laissez-faire economy. in those days poverty in both childhood and old age were blamed on the victim. this suffering was believed to be in immutable condition of the human life. in the first centuries of our new republic human beings were left to sink or swim in the face of
reached into the american home and the farewells were everywhere. the farms the shanty on the tracks lavish apartments town flats the shrubbed estates the modest houses of the suburban streets everywhere the men were borrowed. or taken for keeps the youngest the cleanest the best each man went into battle in his own way to do his own job. combat service a small percentage of these not nearly as many as you may imagine were in the front lines in bullet and shell range of the enemy. running one of this latter group. a very special experience. he was at any moment expendable. for him the baseball parks were full of late exciting rallies. for him the beach parties were not as pleasant as they had been a few summers before. for him the rivers ran high. putting was not so good. for him the flight decks were not as wide as the fields of, texas. for the rest there were a thousand odd military jobs each dependent on the other each vital to the winning of the war each made memorable by
reached into the american home and the farewells were everywhere. the farms the shanty on the tracks lavish apartments town flats the shrubbed estates the modest houses of the suburban streets everywhere the men were borrowed. or taken for keeps the youngest the cleanest the best each man went into battle in his own way to do his own job. combat service a small percentage of these not nearly as many as you may imagine were in the front lines in bullet and shell range of the enemy. running one of this latter group. a very special experience. he was at any moment expendable. for him the baseball parks were full of late exciting rallies. for him the beach parties were not as pleasant as they had been a few summers before. for him the rivers ran high. putting was not so good. for him the flight decks were not as wide as the fields of, texas. for the rest there were a thousand odd military jobs each dependent on the other each vital to the winning of the war each made memorable by
and i also like to single out ali for all your logistics work and making this possible tonight in the face of an ongoing global pandemic. putting together a big public program and the in the is difficult and the best of circumstances and the challenge is of bringing us together and keeping us safe is presenting a million new complications. thank you for everything. you ve done make this happen. i m here tonight to talk about something wonderful. something almost miraculous it marked a radical transformation when it occurred. it was contrary to centuries of what had gone on before when america actually prided itself on being a dog eat dog culture. those were the times of the laissez-faire economy. in those days poverty in both childhood and old age were blamed on the victim. this suffering was believed to be in immutable condition of the human life. in the first centuries of our new republic human beings were left to sink or swim in the face of economic prosperity and unavoida