4 years ago

During the Depression foreclosure rates skyrocketed. What was the main cause?

2 answers:

6 0

Thousands of Americans lost their jobs, and all of their money that was in the bank, meaning that they were all unable to pay their mortgages resulting in foreclosure.

gayaneshka [121]4 years ago

3 0

Less people had jobs, so they couldn't keep up with the mortgage. <span />

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