Stock prices dropped and banks failed on black Monday
Excessive Use of credit
Time to use my credit card and slowly crawl into debt to live the American way
So many sales happened that the ticker system that told investors about sales were clogged and overwhelmed as well as telephone lines. Because of the information vacuum there was chaos and stock prices dropped drastically.
Overproduction of Consumer goods
Oh No! I made too much so now I have to sell it for cheaper becuase of the abundance!
It is estimated that the top 0.1% made what the bottom 41% of the population collectively made
Weak Farm Economy
The government doesn't want my crops so I'm overproducing and now i have to foreclose my farm and euthanize bessy
People excessively used bought goods they couldn't afford to be able to live the amerucan way
Facotorieds were producing more goods than the public could buy and then prices dropped and workers had to be laid off
WHAT A TRAGEDY
Prices for farmers dropped as well becuase of the lack of the goverment buying their crops from the war, therefore the farmers could not pay loans so many had to foreclose their farms.