What would you like to do?
During the roaring twenties several loans were handed out to farmers who could never pay them back. The farmers could never pay the money back due to over-production, manageme…nt costs and droughts. This resulted in banks taking money from people's savings and using it on the farmers. When the stock market crashed and people wanted their money it wasn't there due to the loans. The banks were forced to shut down and everyone lost their money.
During the Great Depression, my grandfather was a small town sheriff. When many were out of work, he had a job. The same is true for teachers. When he had the cash, others did… not. So he bought up a music store, a well drilling business, and several apartments which were foreclosed. Having the cash is the key. If you have cash, you have power. Power to buy what others cannot own. He bought, bought, bought...The KEY is....be debt free, have as much cash as possible, and then buy wisely. People will always need basics.
Nothing they where jobless
MILLIONS From rich people, and por people lost everything.
The Great Depression began in the United States in 1929. The economic depression quickly began enveloping other countries, and there was no monies being sent from other co…untries.
people lost their jobs because of stock market crash. everyone bought stocks before but after the great depression the stocks crashed and people lost all of their inters…t. many had bought so many stocks that all of their savings were gone as well.
Not much was earned in the Great Depression.
Sold their possessions to get a little money and moved to other towns or states in desperate search of work. The movie Grapes of Wrath chronicles typical family struggles. The…y did anything they could to make money. Picking fruit and cotton was common. Most didn't even make enough to eat.
The great depression was a time where many people could not make much money, and it was hard to make money.
some farmers sold their houses in order to move to another state
they loved them
well the stock market began to to crash in 1929 which overlaped all of the forclosers
more than $2,000,000
That's part of the point of a Depression. No one had "emergency money", or very few people. Banks of which there were literally hundreds at the time shut down as people withdr…ew all their (cash) money.
It was difficult to find a job during the Great Depression. Many businesses closed, or have to reduce operations. About 1 in 4 people had no job. Not easy at all.