We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

See Pricing

What's Your Topic?

Hire a Professional Writer Now

The input space is limited by 250 symbols

What's Your Deadline?

Choose 3 Hours or More.
2/4 steps

How Many Pages?

3/4 steps

Sign Up and See Pricing

"You must agree to out terms of services and privacy policy"
Get Offer

Historical Example of Supply and Demand

Hire a Professional Writer Now

The input space is limited by 250 symbols

Deadline:2 days left
"You must agree to out terms of services and privacy policy"
Write my paper

The Great Depression happened because the stock market in the United States dropped dramatically. A major factor in bringing about the depression was a direct result of supply and demand. Supply and demand rely on each other and should be equal in a stable economy. Too much supply demand drops, demand goes up supply should go up to meet it. There was a large overage of products that the U. S. people could not consume. The overage happened because a technological advance changed how they produced goods.

They were able to produce products more efficiently, however they did not increase employees wages.

Don't use plagiarized sources. Get Your Custom Essay on
Historical Example of Supply and Demand
Just from $13,9/Page
Get custom paper

Therefore, people could not afford to buy the amounts of products that were being produced. This was a direct result. There was no equilibrium. When there was an overage of products there were less demands for laborers because they could not even sell the products that they had let alone produce more. The employers could have increased the employees wages to help the situation.

This would not have completely fixed the problem. The industries would be forced by the law of supply and demand to drop their level of output to compensate in their loss of overall profit.

Now there was less work, overage of products, and a failing economy. The Great Depression came to an end when the U. S. started making war goods for Britain. This created many jobs for U. S. citizens. This allowed people to earn money and begin spending again. President Roosevelt also had an impact on the recovery of the Great Depression. He made new policies, and changed how things in the economy went. He created different agencies to help with the situation. This in turn helped to create more jobs as well. The demand eventually caught up with the supply due to the labor market increase.

Cite this Historical Example of Supply and Demand

Historical Example of Supply and Demand. (2018, Mar 03). Retrieved from https://graduateway.com/historical-example-of-supply-and-demand/

Show less
  • Use multiple resourses when assembling your essay
  • Get help form professional writers when not sure you can do it yourself
  • Use Plagiarism Checker to double check your essay
  • Do not copy and paste free to download essays
Get plagiarism free essay

Search for essay samples now

Haven't found the Essay You Want?

Get my paper now

For Only $13.90/page