Effects of The Crash
- Created by: Ewan Chatters
- Created on: 15-04-13 17:45
View mindmap
- Effects of the Crash
- Bankrupt, they couldnt pay back loans
- Homes lost, people could'nt pay mortgages
- People who were sensible and had savings lost them because of banks closing
- When banks recalled loans Farmers suffered
- Confidence in 'individualism' was shattered
- From 1929 - 1933 11,000 banks stopped trading
- Demands dropped
- As a result production fell and so did wages and jobs
- As a result production fell and so did wages and jobs
Comments
No comments have yet been made