unbalances sturical failings buying on mergin everybody rushed to sell their shars to make up money of what they lost. 10 20 % of actual value margin millions went broke technology was getting better they couldn't really sell there ctops so they lost money and unemployed farmers couldn't get jobs else where.people began to lose their savings due to deposits they decide to be more careful on giving out loans. Tariffs increased quickly. Had a rippling effect in economy and the nation. banks failed, unemployment to greatly rise, business fail consumers less money and years to break the cycle. First new deal Roosevelt took office it started to fix it up. Was intended to fix economy from top down. Agriculture adjustment Act. Second new deal The National labor Relations Act stopping employes from using intimidation to break up unions.As war began the war began and ended the great depression. Roosevelt spent all money necessary to end the war which put more money into circulation.
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