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Financial Collapse - Coggle Diagram

- - - - The rich people earned more of the money than the poor people did
      - thisbeing, most familites were too poor to buy the goods that their own country was producing
      - store owners even cut back orders and layed off workers
      - A downward economic spiral began!
        
        as more workers lost their jobs, families bought even fewer goods. Factories also made further cuts in production and laid off more workers
    - - crop yield was increased by farm machinery
      - they were producing more crops
      - however, they faced new competition with farmers in other countries
        
        a worldwide surplus of ag products drove prices and profits down
        
        farmers could not pay off loans to keep them in business
        
        this weakedned banks and forced some to close
- - - - The bad parts of this are if stocks falls. Therefore, investors have no money to pay off the loan.
        
        Stock prices were unnaturally high, and people began to sell stocks because they figured that the prices would go down. However, it started going down really fast, and no one wanted to buy. Everyone would just sell stocks. This led to a market collapse.
        
        Concept: Crisis