The Great Depression

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income, stock market abuse, weaknesses in the architecture of large corporations, and questionable policies of the federal government (3, 15). By 1929, two hundred large corporations in the United States controlled forty-nine percent of all corporate assets and received forty-three percent of all corporate income (3, 16). "A second way corporate structure contributed to the Depression was through the abuse of holding companies. Holding companies were those that held stock in hundreds of subsidiary corporations, following a practice known as pyramiding, especially in the field of public utilities" (3, 16-17). Oligopoly contributed to the Depression by tending to lead to price rigidity and tended to set arbitrary "administered prices". Those prices were those not determined by supply and demand (3, 16). To some extent, excessive speculation on the stock market contributed to the outbreak of the Great Depression (3, 17).By late 1931, American's economic condition had become desperate. ...

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