Following research about the impact of the Stock Market crash of 1929 on the American Economy and life, our group came to multiple conclusions.
Because so many people lost huge amounts of money, they in turn lost their jobs as well. Companies were unable to employ people as they had lost the funds required to maintain their business.
The Stock Market value directly influenced the rates of homelessness during the Great Depression. This is because as the value of the Stock Market tanked, many people lost huge investments, leading to mass financial crisis. Because of this financial crisis, people were unable to pay for their homes, which, in turn, put them directly on the streets.
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