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Germany paid off the first payment of The Great War. America noticed Germany stopped paying their duesm mots likely due to the condition of their country after the war.
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A while later the stock market crash. Black Tuesday wall street and that basically cleared a lot of investors, many people went broke because of hit.
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During the great depression Banks were failing and closing at an alarming rate. President Roosevelt even put them on a 3 day holliday. An average of 70 banks failed each year. 744 banks failed in the first 10 months after the stock market crashed. by 1933, depositors saw $144 billion dollars disappear through bank failures.
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In 1933 25% of all workers and 37% of all non farm workers were completly out of work. Lots of peoples starved and many lost their farms and homes.
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Since companies weren't getting any money from customers, they didn't have a need for so many workers. Employers started letting people go. About 15 million Americans were left unemployed, half of the country.
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Since people were unemployed, they stopped buying unecessairy items. Some didn't even have enough to but what they needed, then ended up wearing sacks as clothing
