overproduction caused the price of goods to decline causing companies to lay off workers and left large sections with no money and no job making people purchase things with credit
buying on margin
we have nothing the bank gave away our life savings
During WW1,farmers purchased tractors and began to grow more crops after the war ,demand decreased and they were unable to repay their loans
Shaky Banking
i want my money back now!!!!
we don't have your money
people were speculating about the values of the stocks and rushing to buy more and become rich
Restrictions on International Trade
10.50
american
10% was put down from the buyer and the rest was financed (loaned) when people lost their savings it was gone forever
we are gonna do
banks were making bad investments and companies were going out of businesswhen people lost their savings it was gone forever
was meant to encourage Americans to buy only american products because foreign countries did not want to pay the expensive tariff
foreign
10.00
Sukurta daugiau nei 30 milijonų siužetinių lentelių