America: Impact Of The Great Depression

Question 1

What was the impact of the Great Depression on ordinary shareholders?

Answer 1

Investors lost lots of money
Tried to pay back loans by selling valubles
Some struggled to pay rent

Question 2

What affect did the great depression on the Rich?

Answer 2

Some people lost part of their wealth
Many owned lots of property and land was not affected

Question 3

What affect did the great depression on business man?

Answer 3

Factories has been overproducing - products weren’t being bought as people has less money to spend
Factory owners cut production,wages and jobs
Closure to local businesses

Question 4

What affect did the great depression on farmers?

Answer 4

Farmers with bank loans for equipment had to pay back money - some couldn’t afford

Question 5

What affect did the great depression on bank managers?

Answer 5

When banks went bust managers lost their jobs