1929 was not an #overproduction crisis, it was an #underconsumption crisis, due to a lack and hurdles in #logistics. First an international state innovation program called #WWII established worldwide #infrastructure, (plenty of streets, worldwide net of air cargo, new means of transportation in container, plenty of cargo ships), that gave fordistic #production finally the necessary amount of #consumers.
#overproduction #underconsumption #logistics #wwii #infrastructure #production #consumers