Why did many americans find themselves in trouble after the great
depression started?

Because the banks had to be closed down and they had no way to get what they needed.

A large number of families lost their savings since nearly half of the banks collapsed, Unemployment rate escalated, homelessness was raging, house prices plunged 30%, international trade nearly collapsed, and the like.

The Great Depression represented the worst economic downturn in the history of the industrialized world, spanning from the stock market crash of 1929 to 1939.

Americans were unemployed and nearly half the country’s banks had failed.

Explanation:

the

answer: capitalism and socialism are formal economies. the major differences between capitalism and socialism revolve around the role of the government and equality of economics. capitalism affords economic freedom, consumer choice, and economic growth.

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explanation: