Farmers didn't profit from their crops because demand fell. Basically people with a family were living in one room houses. There were huge soup and bread lines because people were homeless. Inflation is a warning sign of depression because prices are usually higher than what they should be meaning that the currency is losing value...
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Rising debt could also be a warning sign of depression because people purchased things on credit, and they were not able to pay because they lost their jobs. The increase on loans purchases, and the bank probably didn't have the money to back. I can protect myself from a depression by making sure that my family and I are out of debt because it could get crucial...
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great depression In September of that year the market began to slide, but people ignored the sign. But on October 29, 1929, "Black Tuesday", the stock market took a huge fall...	3 / 761
Main Causes of The Great Depression Automotive industry mogul Henry Ford provides a striking example of the unequal distribution of wealth between the rich and the middle-class. Henry Ford reported a personal income of $14 million(end note 4) in the same year that the average personal income was $750(end note 5)...	7 / 1873
Causes Of The Great Depression Forty percent had family incomes of less than $1,500. Only 2.3 percent of the population enjoyed incomes of over $10,000. Sixty thousand American families held savings which amounted to the total held by the bottom 25 million families...	6 / 1676
great depression That same top 0.1% of Americans in 1929 controlled 34% of all savings, while 80% of Americans had no savings at all3. Automotive industry mogul Henry Ford provides a striking example of the unequal distribution of wealth between the rich and the middle-class...	2 / 466