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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Ilaine who wrote (7568)10/4/1998 5:03:00 PM
From: Joseph G.  Read Replies (1) of 86076
 
Demand is not what people would like to buy. Demand is what they would like to buy AND can afford. Some people can afford to buy a lot, but don't want to. Some people would like to buy a lot, but can't afford.

In 1930's there was generally more capacity to produce than that real demand. There was no need for capital investment because there was already too much productive capacity built up during the 1920s and during WWI. During WWI industrial, agricultural, and mining capacity was diminished in Europe and alternative sources were developed elsewhere. Then in the twenties European productive capacity was restored, and also some was further added in US and elsewhere because potential profits seemed so high. For a while it seemed that demand was also in line, but as it turned out the real demand was significantly exaggerated by innovations in credit and by people spending away speculative gains.
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