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If people weren't earning money they were hesitant to buy things. If people weren't buying things then their money wasn't stimulating the economy by giving other people money.
Wiki User
∙ 12y ago
Wiki User
∙ 11y agoI has depresses the unemployed persons.
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What is the worst sign of economic depression?
One of the worst signs of economic depression is high unemployment. Unemployment drives many of the other symptoms of depression (such as increased debt, mortgage foreclosures and unwillingness to spend on luxury items).
What problems did the economic depression cause in 1873?
The Panic of 1873 caused an economic depression in the 1870s because banksacross the land closed .
What is today's current US economic condition and environment with the economic conditions and environment just before and during the 1930's Depression era?
Unemployment was much higher in the Depression. Also, the '30s lacked most of the safeguards we take for granted today, including unemployment compensation and deposit insurance.
Discuss the common features of an economic depression?
Some common features of an economic depression include high levels of unemployment and high levels of foreclosures. The high levels of unemployment are indirectly responsible for many of the foreclosures. Another factor in foreclosures is the expiration of first-time buyer tax credits.
What caused the economic depression in late 1800s?
there were more goods available than there was demand for them
Is a period of low economic activity and rising unemployment?
economic depression
What is the worst sign of economic depression?
One of the worst signs of economic depression is high unemployment. Unemployment drives many of the other symptoms of depression (such as increased debt, mortgage foreclosures and unwillingness to spend on luxury items).
What caused an economic depression in the 1870s?
The Panic of 1873 caused an economic depression in the 1870s because banksacross the land closed .
Policy that influences inflation unemployment taxes and general economic prosperity or depression is called?
economic policy
A period when economic activity slows and unemployment increases is called a what?
America
Was the severe rise is in unemployment caused by the Great Depression?
the rise of unemployment was because of the great depression because the owners didn't need workers when the stock market crashed.
the great depression?
a period during the 1930s when there was a worldwide economic collapse and mass unemployment.
What is an economic condition marked by a drastic decline in production and sales and a severe increase in unemployment?
Depression.
What problems did the economic depression cause in 1873?
The Panic of 1873 caused an economic depression in the 1870s because banksacross the land closed .
What is a economic depression and when did it last happen?
October 29, 1929 The Great Depression began it meant the decline in work and high unemployment at the time
Worldwide depression caused widespread unemployment how many million people werw jobless in Germany in 1932?
Well, about a good amount of millions had unemployment.
What has the author Edgar Harper written?
Edgar Harper has written: 'Trade depression & unemployment' -- subject(s): Taxation, Economic conditions, Economic history
