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The Wall Street Crash 1929 In America, during the late 1920s there was poor distribution of wealth and income. One source shows this very clearly indeed; it states that, 60% of the population were below the 'boom line' and the top 5% held 33% of America's wealth. This source shows a serious segregation of American society, one quote sums the situation up extremely well; 'You can either afford to have a cleaner, or you are a cleaner'. Whilst one group (although much smaller) could afford luxuries the other group did not have enough money to buy the essentials to stay healthy or alive. This was a serious long-term problem that America faced, however it hadn't been so clearly seen until the booming period of the nineteen twenties. Another long-term cause of the bust was the lack of markets abroad. The reason for the absence of this trade from export was due...

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