The United States Collapse Of The Economy During The 1920's

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The Great Depression was when the economy in the United States collapsed and where millions of people went crazy money and some people committed suicide. This was because they invested their money in the stock market, manufacturing industry, and people lost their jobs, as the economy contracted causing people to stop spending. However, during the 1920’s the American economy was prosperous, and owners of the businesses thought the value of stocks would just keep going up, so they invested their money and they borrowed money from banks to buy stocks and used money that people deposited. The value of the stock dropped rapidly then the people were panicking began to sell their stocks. Indeed, the banks were unable to collect the loans that people

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