Unequal distribution of wealth led to the Great Depression. Her class is about 75 minutes. Weve spent the last few weeks considering how americans adapted to abundance between the 1890s and 1920s. Despite the efforts of producers, advertisers, of retailers and of others, the supply of goods continue to outstrip demand. This wasnt because all everyone, all 106 million americans, had everything they needed. It was because they didnt have adequate purchasing power. They didnt have adequate wages or income to buy all of that stuff. And it wasnt just americans who were in this situation, but so too were our trading partners around the world. They didnt have enough income to buy all of the commodities we were producing in our fields and all of the wonderful things that we are our factories were making. So by the end of the 1920s, the American Economy went bust. You guys all know this. You all know that the stock get crashed in 1929. The World Economy went bust as well. A worldwide economic d
Were looking at a sharp selloff for the nasdaq, down 271 points right now, the s p and nasdaq snapped a winning streak on friday. The markets are down across the board. Large labor day parties raising concerns about a coronavirus spike. Creating a futuristic Fan Experience at the u. S. Open. Watson using Artificial Intelligence to allow fan interaction, even with empty stands. Mornings with maria is live right now. Global markets this morning are under pressure, take a look at european indices, markets are under pressure as concerns grow over a no deal brexit. The cac is down 63 and the dax is lower by 108. Germany is showing signs of a slow recovery. Exports rising 4. 7 in the month of july, imports were up just over 1 . That was far below prepandemic levels. Checking asian markets this morning, take a look at what happened overnight, green across the board in asia, best performer as you can see japan, nikkei average up three quarters of a percent, same situation with the shanghai com
Stuff. And it wasnt just americans who were in the situation but so too were our trading partners around the world. They didnt have enough income to buy all the commodities we were producing in our fields and all the wonderful things our factories were making. So by the end of the 1920s the American Economy went bust. You all know the stock market crashed in 1929 and the World Economy went bust as well, a worldwide economic depression set in that lasted between 1929 and wasnt officially over until 1942. What was called the Great Depression could be considered a crisis of abundance. It brought attention to purchasing power and in doing so it ended up politicizing consumption. We talked a lot about how consumer culture rose to be at the very center of american culture. And i keep telling you we need to consider politics, and today is the day we will think about how consumption became plit politicized. So heres a graphic that typifies the usual story that historians tell about the Great D
From Rockefeller Center in the heart of new york city, its the tonight show starring jimmy fallon join jimmy and his guests will arnett Michaela Coel. H. E. R. The legendary roots crew and now heres your host, Jimmy Fallon Jimmy we have two special guests, good to see you, guys. Welcome back thank you, everyone, for tuning in welcome to tthe tonight show. Lets get to some news everybody is talking about this. Yesterday President Trump did an interview on fox news where he again tried to defend his own Mental Fitness by explaining the cognitive test that he took, watch this. 30 or 35 questions. I like a memory question its like youll go person, woman, man, camera, tv so lets say could you repeat that so its person, woman, man, if you get it in order, you get extra points okay, now hes asking you other questions. Give us that again person, woman, man, camera, tv its actually not that easy, but for me it was easy jimmy we could have shown you more but our show is only an hour what is he d
A. Im Frances Rivera despite more states are easing stayathome orders heres what you need to know more than 1. 2 million cases are confirmed and more emerging in states across the heartland. Over 71,000. According to tracking, nearly 190,000 patients have recovered from covid19. Oregon is launching a first of its kind tracing program. The Health Department is seeking 100,000 volunteers who will take their temperatures every day for an entire year, then report back to researchers theyll fill out a short questionnaire each day people who develop symptoms will be tested and the state will trace their contacts. In San Francisco 4,000 people have been tested in the Mission District and more than 2 tested positive 90 of the people who were positive have not been able to work from home during the shelter in place. An old favor in helping native americans hit hard by the pandemic, more than 170 years o help during the potato famine. Now the fundraiser for the families has raised over 2 million