what effect did the great depression have on debts?
were debts forgiven
- JohnLv 61 month ago
The Great Depression took Grandpa's farm.
- mayo_carlLv 71 month ago
Many banks (especially small banks) and businesses went bankrupt, because their debtors could not pay them
- DzeLv 71 month ago
no ..the banks called in the loans and collected assets .. wealth wasnt destroyed it just changed hands .. thats how it works ...