Wall Street Crash Flashcards
1
Q
when
A
1929
2
Q
banking crisis
A
-people panicked they’d lose all their savings again, only just built them up again
3
Q
Cycle
A
German industries forced to give back the loans and make workers unemployed to keep their businesses open
-couldn’t trade cos it affected everyone-more people unemployed
4
Q
unemployment
A
-taxes made higher
-value of people’s savings crashed
