The exact number of people who lose their homes due to financial difficulties can vary significantly based on economic conditions, geographic location, and specific time periods. In the United States, for example, millions face foreclosure or eviction each year, particularly during economic downturns or crises. Data from organizations like the U.S. Census Bureau or housing advocacy groups can provide estimates, but the figures fluctuate over time and can be influenced by factors such as unemployment rates and housing market stability.
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The Great Depression
It impacted the people emotionally because they lost a lot of their money and invests
Many people lost their jobs, banks where closed or bust, many people lost their money on the stock market crash, people where homeless, to name but a few of the problems from that time.
Built Hoovervilles
There are many reasons why people move. Jobs, marriage, returning home, lost home due to some event, moving to be with family to name a few reasons.
A person can do anything they want with inheritance money. Many people buy a home, cars, or save for the future with the money.
Yes it did many people lost all their money cause they saved it in banks
Many people thought putting investments in the stock market was a good way to gain money. It was a first, until the stock market crashed and many people lost the money they invested, their jobs, homes, and families.
Companies didn't have enough money to pay employees
The effects were... ~ Lots of people lost their lives ~ Many families were destroyed ~ Many houses and buildings were destroyed ~ A lot of money loss
They went down because everyone wanted their money when the banks were very poor.Answer:Many people, including many in the general public were buying stocks on "margin". Everyone thought the stock market was a sure bet to make money. If the stocks value went down the people had to come up with more cash or sell the stock. Others tried to benefit by pushing the stocks lower. Since many people had large parts of savings in the stock market many lost their savings. Many businesses (including banks) had their excess cash invested in the market. When it "crashed", many people lost everything, banks didn't have money to cover all of their deposits and failed, businesses lost their operating capital, their customers lost their money and everything came tumbling down.