well a lot of businesses went bankrupt and a lot of people lost their jobs do to unenployment. Winnie
Some businesses did not prosper in the 1920s due to the Great Depression. People were making purchases using credit and installment plans which resulted in a loss of profit.
losing most of their income.
It made American businesses go into great depression and lose their stock.
by giving government loans to businesses and banks.
The Great Depression
What type of Businesses do well in bad economy's?
The Great Depression was the result of the collapse of the US economy. Businesses closed, there were runs on banks and high unemployment was the new normality. At one point the unemployment rate was as high as 25%. There were food shortages as well.
There were no government incentives for businesses.
Businesses closed during the Great Depression because they weren't realizing the revenue the needed to remain operational. During this time people weren't working so they couldn't spend money they didn't have.
Well They Didnt Have Any Money To Improve Their Products So Nobody Wanted To Buy Them That's Why Woolworths Isnt Running Anymore!! Sam x
businesses lowered wages and farmers increased production
In the Great Depression, over 11,000 banks failed, and over one million family farms were lost.
well everybody has depression it is a normal emotion.
Salons/barber shops and BARS
many busnissess closed in the 1930s because of the great depression
voluntary controls by American businesses.
by giving government loans to businesses and banks
Profits were down because customers had no money.
Cone of depression
During the Great Depression in the USA, all types of business failures were commonplace. As banks failed, so did there business clients. Overall every industry was was adversely affected by that depression.
Over production played a role in causing the Great Depression because businesses were not cutting back on making products, however businesses were laying off workers. If a person is unemployed then he or she can not buy the products that are being mass produced. If the products were not getting bought then the businesses were laying off employee's. A circle or a chain reaction.
The Great Depression in the 30's (US)