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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, management costs and droughts. This resulted in banks taking money from people's savings and using it on the farmers. When the stock marketcrashed 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.

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11y ago
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11y ago

The value of money increased during the Great Depression due to deflation. However, most individuals end up having less money than the value of the money increased, giving a net negative effect of personal income and wealth.

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6y ago

There was plenty of money around, however the ordinary people were restricted in earning it, and those who had it hung on to it and their property.

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11y ago

well the stock market began to to crash in 1929 which overlaped all of the forclosers

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Q: Where did all the money go during the Great Depression?
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There was no insurance. That's why their depositors lost all their money. This was the motivation for the establishment of the FDIC.


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I think that the game of Monopoly was popular during the great depression because in Monopoly, you take chances, just like you do in life, and taking the chance of investing all your money in stock was the risk many Americans took. It was also popular because people wanted to have a distraction and a fantasy place to get away from all their debt and be rich.


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Suicide, nobody wanted to live then People were poor losing all there money. So they took the easy way out


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Prime Minister Bennett helped lots of people during the Great Depression. When people wrote him letters asking of his help, he sent them the things they asked for things like money, clothes and even bicycles. He gave people money from his own wallet. It's possible all of his donations added up to 20 millions dollars.


What happened to the mentaly retared during the great depression?

thay all died like peter griffen