answersLogoWhite

0

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.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

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 the definition of financial depression?

Financial depression is a severe and prolonged economic downturn characterized by high levels of unemployment, reduced consumer spending, and overall economic hardship.


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


The era of the 1930s is known as what?

the great depression