Great Depression Letter-Vamsi

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The Great Depression

Stocks used to be well used in the 1920’s. This went too far. People got obsessed with this and got loans because they could not afford to pay for all the stocks they wanted. Over time, many people still could not come up with the money to pay back.

After  a while of the obsession over the stock market, suddenly things went bad. The banks got out because no one would pay them back. After this happened, everyone treid getting there money back at once but could not. All of the banks were completely out of money. People even killed themselves the day the stock market crashed.