GDP Story

GDP Story

Storyboard Text

  • Production of goods sky rocked throught the roof. Between 1923 and 1929, worker output of manufractured had increased by 32 percent
  • Installment credit had grown increasingly popular which allowed for buying right away and paying later
  • When manufactures would procuce more goods, the goods would go down in price. This allowed more people to spend and buy goods
  • At a point the demand was met with the supply. But over time everyone had boguht the next best thing and nobody was buying any products.
  • Over Stock
  • Over time factories had overproduced and production had ultimately stopped
  • Stop production!
  • Workers were no longer needed and massive layoffs had occued. People were losing their jobs and savings. Poeple began only buying the needs that they needed to survive.
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