In 1929, the bills started to come in. American industry had produced too many goods.
__________________________________. So factories had to cut down on their production. Many workers lost their jobs. Investors tried to get their money back. But businesses did not have enough money to pay them.
__________________________________. But the investors could not pay, either. Too many people owed money. And few of them could pay their bills.
During the next few years, business got worse and worse. By 1932, banks all over the country were closing.
People without money could not buy goods. So more businesses closed. More and more people lost their jobs. __________________________________. Millions more were earning barely enough to live on. The country was in a great depression they had never experienced before.
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作者: susan.sui 时间: 2013-7-12 16:06
Americans could not afford to buy all of them.
Banks tried to get their money back from investors
by 1932, more than 12 million Americans were jobless.
