15 000 out of 26 000
Most of them went out that is why there were many people who didn't have money or houses. but if you want the exact answer then you will have to go back and ask the banks how many of the banks went out
During the 20s, there was an average of 70 banks failing each year nationally. After the crash during the first 10 months of 1930, 744 banks failed - 10 times as many. In all, 9,000 banks failed during the decade of the 30s. It's estimated that 4,000 banks failed during the one year of 1933 alone.
550 banks does that help more than many banks.
About 9,000 banks closed in the 1930s, 70 each year. By the time World War II came around, $140,000,000,000 had been completely lost.
Approximately 9,000 banks failed during the Great Depression during the late 20's early 30's.
15 000 out of 26 000
over 9000
Yes because people wouldn't buy from businesses, because they had no money and they had to be trading.
The Great Depression caused many people to get a decrease in pay, lose their jobs, and business to collapse because of the worldwide economic downturn starting in 1929 in which the stock market suddenly crashed.
Economic Contraction
Hoovervilles were shanty towns that people were forced to live in because they could not afford any proper accomodation during the Great Depression. They were named after President Hoover who was President of the US at the beginning of the Great Depression. Hoover was replaced by Franklin D Roosevelt because he was regarded as a 'do nothing President' meaning he did not put proper measures in place to help the USA out of the Great Depression.
Well we are not in a depression with Obama the only reason the economy is like this is because of our 43 president Bush So Roosevelts depression ended up worse because they were actually in a depression. You can thank Bush for the economic troubles
Yes because people wouldn't buy from businesses, because they had no money and they had to be trading.
Hoovervilles were shanty towns that people were forced to live in because they could not afford any proper accomodation during the Great Depression. They were named after President Hoover who was President of the US at the beginning of the Great Depression. Hoover was replaced by Franklin D Roosevelt because he was regarded as a 'do nothing President' meaning he did not put proper measures in place to help the USA out of the Great Depression.
In a sense, it was Emperor Hirohito, because it wasn't until we were forced into World War II and the wartime economy took over that we were finally free of the Great Depression.
foreclosure is when a business is shut down because they are not selling their products or they are doing paying the bills.
it changed
The Great Depression caused many people to get a decrease in pay, lose their jobs, and business to collapse because of the worldwide economic downturn starting in 1929 in which the stock market suddenly crashed.
We had the Great Depression because the stock markets crached and there wasn't a lot of money.
Economic Contraction
Hoovervilles were shanty towns that people were forced to live in because they could not afford any proper accomodation during the Great Depression. They were named after President Hoover who was President of the US at the beginning of the Great Depression. Hoover was replaced by Franklin D Roosevelt because he was regarded as a 'do nothing President' meaning he did not put proper measures in place to help the USA out of the Great Depression.
The dustbowl is a nickname for the Midwest during the great depression. I is one factor that causes the great depression because of the shortage of food.
Well we are not in a depression with Obama the only reason the economy is like this is because of our 43 president Bush So Roosevelts depression ended up worse because they were actually in a depression. You can thank Bush for the economic troubles
No? Because I Was Years Ago!