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people used credit to buy things such as stock
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he ran for a second term but lost to FDR
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The Federal Reserve raised interest rates to slow the out of control stock market
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The banks had invested all their customer's money in the stock market and since that crashed the banks couldn't give their customers the money
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people lined up to get food because many bussiness went belly up and let all employees go
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People started to away because they thought anywhere would be better than where they were
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Even those who were able to keep a job, they received pay cuts and a loss of hours
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they were never rich but after teh depresion hit allof their crops and livestock prices fell effecting them even more
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People thought it was real