Depression
- Created by: Jasmin
- Created on: 29-05-13 13:52
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- Depression: Consequences of WSC
- CITIES
- American factories produced cars and consumer goods
- Not enough people could afford them
- Factories couldn't sell all goods
- Couldn't sell abroad either
- Factories cut production and cut wages and workforce
- Couldn't sell abroad either
- Factories couldn't sell all goods
- Not enough people could afford them
- American factories produced cars and consumer goods
- COUNTRYSIDE
- Farmers produced too much foodd
- Prices fell
- Less money coming in
- Farmers grew more food to make money
- Prices fell lower
- Couldn't pay debts or mortgages
- Banks took over farms to pay off debt
- Couldn't pay debts or mortgages
- Prices fell lower
- Farmers grew more food to make money
- Less money coming in
- Prices fell
- Farmers produced too much foodd
- DOWNTOWN NEW YORK
- WSC sent prices down
- Banks which had invested their customers money in shares lost a fortune
- People lost confidence in banks and took money out
- Companies bankrupt
- Factories closed and so higher unemployment
- Companies bankrupt
- People lost confidence in banks and took money out
- Banks which had invested their customers money in shares lost a fortune
- WSC sent prices down
- CITIES
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