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by Saltlick on January 25th, 2008
2/3 of the workers were doing ALL the work and were working for peanuts while the other 1/3 was unemployed.
Basically a lot of mistakes were made like increasing production because supply exceeded demand and prices were dropping. Companies were going out of business when a huge underclass wasn't buying. The government was clueless what to do. Most importantly there was no minimum wage law, which is the solution.
The Industrial Revolution was still new and society just didn't yet know how to work it well.
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