It finally came to a point where people slowed down purchasing but factories were still producing at high rates. This created a gap, a gap that led to the stop of production, to lay-offs and dismissals of thousands of employees. People were left with no jobs and no purchasing power, so companies were left without production and fear of producing more products that would not be bought...
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People were left with no jobs and no purchasing power, so companies were left without production and fear of producing more products that would not be bought. More recently, it has been the prevailing belief among economists that the stock market crash of 1929 was not the primary cause of the Great Depression, pointing to telltale signs of an imminent economic disaster in various statistics leading up to the Depression as well as the downturn in Europe which was already in progress...
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