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Unit 7 The Great Depression, p. 9 From Wall Street to Main Street Cause & Effect
Transcript of Unit 7 The Great Depression, p. 9 From Wall Street to Main Street Cause & Effect
Demand for goods decreased
Stock Market Crashes
Corporations could not raise funds
p. 9 From Wall Street to Main Street Cause & Effect
People lost life savings
Factories closed, workers lost their jobs
Could not pay rents or mortgages, lost their homes
No one to buy forclosed homes
Home Prices plummeted
No "safety-net"; no unemployment insurance
Thousands of workers found themselves living on the street or in makeshift shacks (Shantytowns, Hoovervilles)