How Did The Great Depression Affect Everyone

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How the great depression affected everybody. The great depression was when 50% of the united states lost their jobs or went broke. The cause of the great depression is cause a lot of people were saving and not spending. The system of buying credit, stock market, and low income had a big impact on the United States during the 1900’s. Many families went into debt, and so did many banks.
Buying credit is also known as Installment Buying. This was a big problem for the united states because they were spending money on items such as cars, refrigerators, washers, and etc with money they didn’t have.People were able to make payments however they wanted weekly, monthly, or yearly. This was effective because when the stock market crashed it lead many