The Great Depression

Sinking Deeper and Deeper 1929-33

The Start

The Roaring 20's led to the rich, one percent of the nation, saving too much money that decreased the middle class and elevated the poor. The stock market crash was the biggest factor to a slow resolution for the United States' economy. To add to the crash banks failed to guarantee money loaned from savings which caused decreases in bank use.

Going Down

When banks began to fail, the middle class family's saved their money with out spending it on certain goods. Some workers were laid off and had not steady income. As unemployment increased the economy dropped farther and farther. Some unemployed citizens created street jobs to try to have a livable income.

In the End

Between WWI and the Roaring twenties dominos were set up to be set off any time. At a point many people owed money to companies from credits. These credits were not payed off. When the Stock Market crashed banks couldn't afford to pay the credits, and the money was lost from the owners. This led those consumers to save their money, and lay off workers to pay other workers. After all was collapsed little money was being circulated by the middle class and only the rich could afford most goods.