What was the worst thing that happened during the Great Depression?

Answer 1

Many people lost their jobs and also their life savings if they had been saving money in a bank. Because of the depression people no loger trusted the banks, and after they got back on their feet, they still wouldn't put money in them

Answer 2

People lost the money that they had in banks when banks failed. People lost money that they had invested in the stockmarket when the stock market carshed. Then to make matters even worse , people who saved their money in gold coins had them stolen by the government. You could not even open your safety deposit box without a government agent looking over your shoulder. So much for the forth amendment. People lost their constitutional rights.

Answer 3

There were several major causes of the Great Depression in the United States.

1. Unequal distribution of wealth. There was not a large middle class. While wages were rising for the majority of workers, they were not keeping pace with the increase in the cost of living or the wealth in the hands of the industrialists and others in the upper income classes. 2. There was over speculation in the Stock Market, which was not regulated. Many Americans purchased stock on credit. This was known as margin buying. 3. Increased manufacturing and agricultural output, but wages that did not keep pace for the consumers to purchase all that was produced or grown. Hence, inventories increased and agricultural income remained low. 4. Buying on credit, known in the 1920s as installment buying. People purchased things like refrigerators on time, and did not have money to pay for the product in the future, when the bills became due. 5. Federal regulations on businesses also contributed to the cause. Especially favorable to the large corporations were the taxes laws which were written to encourage business expansion. 6. Banks were permitted to speculate in land and the Stock Market with little government regulations. 7. High tariffs and war debts helped spread the depression world wide. 8. The Stock Market Crash of 1929 signaled the beginning of the Great Depression.

Answer 4

The Great Depression was an economic depression from 1930 to the mid-1940s. Anything money related dropped, unemployment rose, construction halted and farming suffered.

Answer 5

people lost there house,some died and didnt have any money to but any thing so they died of starvation.

Answer 6

Well, most everyone was poor during the Great Depression, so that's a definite bad thing