In1929,thebillsstartedtocomein.Americanindustryhadproducedtoomanygoods.Americanscouldnotaffordtobuyallofthem.Sofactorieshadtocutdownontheirproduction.Manyworkerslosttheirjobs.Investorstriedtogettheirmoneyback.Butbusinessesdidnothaveenoughmoneytopaythem.Bankstriedtogettheirmoneybackfrominvestors.Buttheinvestorscouldnotpay,either.Toomanypeopleowedmoney.Andfewofthemcouldpaytheirbills.
Duringthenextfewyears,businessgotworseandworse.By1932,banksalloverthecountrywereclosing.
Peoplewithoutmoneycouldnotbuygoods.Somorebusinessesclosed.Moreandmorepeoplelosttheirjobs.By1932,morethan12millionAmericanswerejobless.Millionsmorewereearningbarelyenoughtoliveon.Thecountrywasinagreatdepressiontheyhadneverexperiencedbefore.
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