However, during the “boom” period, people borrowed excessive amounts of money without returning it. As a result banks took over the client’s assets forcefully in order to regain the money. Seeing that, people became frightened to purchase goods, and as a result, demand declined while the supply was still increasing. In consequence, money circulation in the market decreased dramatically causing people their jobs. Steinbeck confirms of this crisis when during the beginning of the novel he says, “If a bank or a finance company owned the land, the owner man said, the Bank – or the Company – needs – wants – insists – must have – as though the Bank or the Company were a monster, with thought and feeling, which had ensnared them. The owner men explained the workings and the thinkings of the monster that was stronger than they were. A man can hold land if he can just eat and pay taxes; he can do that. But – you see, a bank or a company can’t do that, because those creatures don’t breathe air, don’t eat side-meat. They breathe profits; they eat the interest on money. If they don’t get it, they die the way you die
However, during the “boom” period, people borrowed excessive amounts of money without returning it. As a result banks took over the client’s assets forcefully in order to regain the money. Seeing that, people became frightened to purchase goods, and as a result, demand declined while the supply was still increasing. In consequence, money circulation in the market decreased dramatically causing people their jobs. Steinbeck confirms of this crisis when during the beginning of the novel he says, “If a bank or a finance company owned the land, the owner man said, the Bank – or the Company – needs – wants – insists – must have – as though the Bank or the Company were a monster, with thought and feeling, which had ensnared them. The owner men explained the workings and the thinkings of the monster that was stronger than they were. A man can hold land if he can just eat and pay taxes; he can do that. But – you see, a bank or a company can’t do that, because those creatures don’t breathe air, don’t eat side-meat. They breathe profits; they eat the interest on money. If they don’t get it, they die the way you die