Great Depression & Recession Great Depression and Recession | страница 5

At the same time the stock market fell consumer spending dropped, unsold goods piled up, and production slowed down. With slow production factories began firing their workers and wages fell for anyone who was still employed. Debts and foreclosures increased as the Great Depression spread. Over the next 3 years the crisis got worse. In 1930, 4 million Americans were unemployed and in 1931 the number raised to 6 million. Production continued to decrease, the amount of homeless people raised, and farmers could afford to harvest their crops.

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