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Great Depression Impact On America

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Great Depression Impact On America
The Great depression had a big impact on America. One thing was the stock market crash. The global economy went down hill, which had an effect in the Great depression. Soon half of the banks crashed. A lot of people got let off from their jobs. They lost 30 billion dollars. Investors got screwed. A lot of the investors got screwed out of millions of dollars. The crash made some loose their life savings and some people lost their businesses. Unemployed people went to the percentage of 25 and the wages fell 42 percent. Roosevelt launched a Federal deposit insurance corporation to let the bank insure bank deposits. Right after the market crashed the banks only gave ten cents for every dollar.
The stock market crash happened because things
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