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Why did many people lose their savings during the great depression?
Wiki User
∙ 11y ago
The banks shut down and they ran out of work which led to them not having money to put in savings.They also were using in stock markets and the stock marketcrashed.They were trying to save their belongings.
Wiki User
∙ 11y ago
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Was it a recession or the Great Depression or prohibition when people loss their life savings?
This was The Great Depression
During the great depression when a bank collapsed what happened?
Depositers lost their savings
In what ways did the Great Depression affect peoples outlook?
Living during the great depression had a major affect on the mentality many people. A good portion of people who lived during that time do not trust banks. This is likely the result of the many widespread bank failures in the 30s that caused people to lose their life savings. Life during the great depression also lead to a more conservative mentality as people learned to buy only what they needed and save the rest, just in case.
What group of people did not do well economically speaking during the great depression?
Farmers were not doing good during the Great Depression.
How many people jumped off of skyscrapers during the Great Depression?
Not very people at all jumped off of skyscrapers during the Great Depression. Building new skyscrapers were put on hold after the Great Depression but no because people were jumping off of them.
Was it a recession or the Great Depression or prohibition when people loss their life savings?
This was The Great Depression
What effect did the closing banks have on the people during the great depression?
it was hard on people losing their savings. some killed themselves dgjhgjdfbghjgfgb
During the great depression when a bank collapsed what happened?
Depositers lost their savings
How many people where Homless people during the Great Depression?
How many people were homeless during the Great Depression? Between one and two million people.
In what ways did the Great Depression affect peoples outlook?
Living during the great depression had a major affect on the mentality many people. A good portion of people who lived during that time do not trust banks. This is likely the result of the many widespread bank failures in the 30s that caused people to lose their life savings. Life during the great depression also lead to a more conservative mentality as people learned to buy only what they needed and save the rest, just in case.
What group of people did not do well economically speaking during the great depression?
Farmers were not doing good during the Great Depression.
Who lives in Hooverville?
homeless people during the great depression Over 1,200 people were homelss.
Did people have the freedom of speech during the great depression?
no
What did people have for dessert during the great depression?
They did not have dessert
What did people live in during the Great Depression?
HooverVilles
How many people jumped off of skyscrapers during the Great Depression?
Not very people at all jumped off of skyscrapers during the Great Depression. Building new skyscrapers were put on hold after the Great Depression but no because people were jumping off of them.
How many people committed suicide during the Great Depression?
It is difficult to provide an exact number as suicide statistics from that period are not comprehensive. However, there was a documented increase in suicides during the Great Depression, with rates rising significantly due to economic hardships and social distress.
