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Because the banks went bankrupt so no one could borrow money. Employers also had less money because of this causing them to cut back wages.
Wiki User
∙ 13y ago
Wiki User
∙ 12y agothere were large increases in unemployment and decreases in wages.
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What best describes the economic of facist Germany during the great depression?
Full employment but low wages
Why were there migrant workers during the Great Depression?
Migrant workers suffered quite a bit in the Great Depression. They did not have fixed employment when the Depression began, so they had even less chance of finding a fixed position during the Depression. In addition, people who had been laid off due to the Depression often became migrant workers, meaning there was a problem with homeless men and families moving throughout America looking for jobs. The increase in migrant workers made it even harder for these people to find jobs, since the additional people created more competition and also created new stereotypes of migrant workers that weren't desirable, so it was less likely they would be hired.
What was a major argument against free trade during the 20th and 21st centuries?
It forces American workers to compete against foreigners who work for extremely low wages.
What kind of problems did workers face in the industrial revolution?
Low wages and dangerous working conditions
What did industrial workers do in the 1800s?
They faced low wages and long hours in unsafe working conditions.
Which describes the economy of facist Germany during the great depression?
high employment with low wages
What best describes the economic of facist Germany during the great depression?
Full employment but low wages
Where in California did migrant workers find jobs in the great depression?
Migrant workers during the Great Depression found jobs in agricultural regions such as the Central Valley, Salinas Valley, and Imperial Valley in California. These workers sought employment in farms, picking crops like grapes, citrus fruits, and vegetables, often facing difficult working conditions and low wages.
Why did workers in Europe suffer?
Workers in Europe suffered during the Industrial Revolution for several reasons. Low wages, harsh conditions, and unfair rights for domestic workers were among the reasons for the suffering.
Why were there migrant workers during the Great Depression?
Migrant workers suffered quite a bit in the Great Depression. They did not have fixed employment when the Depression began, so they had even less chance of finding a fixed position during the Depression. In addition, people who had been laid off due to the Depression often became migrant workers, meaning there was a problem with homeless men and families moving throughout America looking for jobs. The increase in migrant workers made it even harder for these people to find jobs, since the additional people created more competition and also created new stereotypes of migrant workers that weren't desirable, so it was less likely they would be hired.
What is a national depression?
A depression, sometimes called a panic, is a serious economic slump in the economy of the nation. It affects all levels of the economy from local to state to nation. It is usually characterized by very high unemployment, low prices of consumer items, low wages, and loss of workers benefits.
What were working conditions for factory workers during the the Civil War?
Working conditions during the Civil War were harsh. People worked long hours and were paid very low wages. There were strikes during this time by workers to improve the working conditions.
What problems did working women face during the Great Depression?
Women who worked faced numerous problems during the Great Depression including low wages, harsh working conditions and not being treated equally as men. They also were given menial jobs.
What was a major argument against free trade during the 20th and 21st centuries?
It forces American workers to compete against foreigners who work for extremely low wages.
What kind of problems did workers face in the industrial revolution?
Low wages and dangerous working conditions
What did industrial workers do in the 1800s?
They faced low wages and long hours in unsafe working conditions.
In the late 1800s industrial workers?
They faced low wages and long hours in unsafe working conditions.
