Great Depression: A Time Of Economic Failure
What caused the The Great Depression was a time of economic failure for the US. All of this was a domino effect. In the first 10 months of 1930 the banks crashed. In 10 months 744 banks crashed. But in all 9,000 banks crashed in the 30’s .Because of bank failure $140 billion was lost. Because of the bank loss the loans were hard to get.The Great Depression was a time of job loss,debt,and bank failure
Alot of american household were in debt.Mainly in property debt.They didnt have the money to pay there landowners.Meaning if they didnt pay they would be on the streets.Some families even lived on the streets.To survive families had to find hard to find jobs.
Now lets
Alot of american household were in debt.Mainly in property debt.They didnt have the money to pay there landowners.Meaning if they didnt pay they would be on the streets.Some families even lived on the streets.To survive families had to find hard to find jobs.
Now lets