stock market crash- 16.4 million stocks traded, all being sold, none bought
banks and businesses collapse- banks would close because banks were investing peoples money into stock market, when it crashed they lost a lot of money, handing out loans lost money too, not much was being made and profits were going down, 25% unemployment, minorities 50% unemployment
citites- landlords had to evict because no one was making money, businesses failing, a lot of people on the street, people trying to live off war victory gardens, shanty towns or hoovervilles- shacks thrown up on the outskirts of town for people who dont have money, hooverblankets were newspaper, breadlines were lines for bread mostly men, many hopped on traisn to go find jobs, many ended up dead
farms- many lost farms because they couldnt repay loans, dust bowl, advantage was that they could grow their own food, neighbors helping neighbors was very common, about 400,00 farms were lost and would move to cities where life was no better
cycle- people arent spending money, which means businesses dont make money, which means they either have to lay people off or close down, which leads to people not spending as much money and so on
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