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Great Depression (People Buy on Credit (banks ran out of money no savings…
Great Depression
People Buy on Credit
banks ran out of money no savings accounts
Business' make product cheaper
business makes less money
Banks run out of money
Deflation
Deflation
Business were forced to make their product cheaper
Business Makes less money
They go out of Business
People Rushed to Banks in fear of Stock market crash
Banks run out of money
Dead Dirt
Stopped Farming
WW1
Food Surplus
Farmers didn't rotate crops
People lost their land
Stopped Farming
people lose their jobs and end up homeless