How Did The Great Depression Affect The Economy

The problem threatening the American economy in the late 1920s were several. Important industries that were struggling to stay into business like farmers, railroads, mining, lumber and automobiles. Farmers suffered the most because during WW1 there was a big demand for crops. Once the war was over, the demand for crops dropped and farmers could not make enough money to pay their loans and payments they lost their farms, Americans were buying on credit and soon couldn’t make their payments. Many Americans hoped to buy stocks and bonds, hoping to make a quick profit.
On Oct. 29th, 1929 the stock market crashed and many people was left with huge debits especially those who bought on the margin. During this time the production had went down, more people were unemployed and stocks sold for more than their value is worth. Many millions of shares were sold and billions of dollars lost wiping out the investors, Americans lost a lot of businesses such as, jobs, homes, cars and just about everything. People did just care about everything. People did not have money to buy the things they needed to feed their family . The Great Depression causes problems in other countries as the economic took a downfall. There was a
There was no money. During the Great depression the Dust Bowl occurred because of the over planting of crops and drought. Americans in rural areas packed their few belonging and moved out of the cities and moved to the west coast. People were in search of a better life. Children were put to work instead of going to school. People grew their own food, fished and hunted, traded and bartered to survive. Men also left their families in search of their own work. Women worked and children also worked. Living through the depression changed people. They saved everything, hoarded money if they had any, did without, and became self sufficient. Many stood in line to get food from soup from kitchens and bread