It was also this time that the banks went broke and demanded the money they lent be returned to them; thus putting hundreds of families on the street.
It was also this time that the banks went broke and demanded the money they lent be returned to them; thus putting hundreds of families on the street.Despite the horror and the misery of the Great Depression, America fondly remembers those who came to life the nation's spirit in its time of need.
There are many contributing factors but not one specific event can be pin pointed for starting the depression.
This was a leading causes that assisted the Great Depression become one of the bleakest and most studied events in the history of our country: yet not the only cause.
Another large contributing factor was Mother Nature, I say this because in Oklahoma the weather was so dry that the farmers were unable to harvest their crops: these farmers became known as Okies.
Prices sky-rocketed so high that when they reached what was believed to be it’s all time high, most people sold their gaining stocks for a profit.
So many people sold their stocks at a rapid rate that the corporations were unable to pay the shareholders.