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.
There was no insurance. That's why their depositors lost all their money. This was the motivation for the establishment of the FDIC.
they were all Jews
All of the banks.
It was difficult to find a job during the Great Depression. Many businesses closed, or have to reduce operations. About 1 in 4 people had no job. Not easy at all.
all the people didnt have money they were selling their own items for money so they could get food they rarely got food
Everyone wanted money so the bank loaned all of its money and the bank could not give money back to those who deposited it
the people who lost all their money
all immigration was stopped during the economic crisis
well see there was not very many deaths in the great depression but in count there was 89 all together
Banks did not have enough money to pay all withdrawing depositors, so they shut down.
25% for all of 1933
i think it was awful of all the things i read