Bankruptcy During The Great Depression

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Bankruptcy Bankruptcies is when you have gone to court and the judge has filed you bankrupt. You have no money. For example in 1929 the Great Depression hit the united states. After the stock market fell people were being laid off and need work and money. “ By 1933, when the Great Depression reached its nadir, some 13 to 15 million Americans were unemployed and nearly half of the country’s banks had failed.” This shows that many people were in trouble of losing money and jobs. The banks were losing money and people needed food and housing because they lost their job. When the stock market crashed unsold goods stated to pile up and stock prices began to rise. In 1929 the stock market crashed and 12.9 million shares were traded. This caused
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