It’s during the Great Depression

History

1 answer:

Pachacha [2.7K]2 years ago

4 0

The man is probably homeless. The Great Deoression was not caused by reckless spending, it was actually the opposite. Americans were so fearful of losing money, they stopped trusting banks. Banks closed due to bankruptcy and money in circulation decreased. Americans did not want to spend money so employees were cut when companies overproduced. Many could not mortgages and became homeless - because they saved their money instead of spending it

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