12 févr. 1920 - LTA #4

Description:

People:
-It killed the retail spending
-Their was a decline in home prices so that started to affect people that were poor

Banks:
-People that took out loans couldn't pay them
-People defaulted their loans which caused the bank to lose money

World Wide Market:
-If people weren't buying houses then that made the US lose money and we couldn't buy supplies from other countries.
-The US lost all of their money