Businesses were failing because of overproduction of goods and underconsumption ... underestimated the length and the severity of the Great Depression. It wasn’t the normal cycle of ‘boom ...
The era came to a dramatic and abrupt end in October 1929 when the stock market crashed, paving the way for America's Great Depression ... in 1917 to 20% in 1929. Overproduction and Oversupply ...