The+Causes+Of+The+Great+Depression+sm

When the stock market crashed in New York on October 29 also known as Black Tuesday it devestated America.It left many people broke and without hope. There were many people who killed themselves to escape the problem. This event caused a spiral of problems assets went down. Banks were forced to close. Which caused a reaction in the poeple to stop spending money to hold on to it. Which caused less demand on many products. Which caused people to be layed off for there was no work or money. So this by far was the worse. There was many overproduction of things that no one would buy. So businesses were failing left and right. This was one of the most sever things that America has every faced. The economy was a mess.

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