As a result, prices began to drop, factories began closing down and countless workers were laid off. At the same time, prices for farm products also fell, so farmers were not able to pay off bank loans and many lost their farms. Farmers began to produce an excess of “Too much wheat, too much corn, too much cotton, too much beef, too much production of everything” (Doc 3), this caused prices to plummet with no increasing demand. “Now farming became industry… new tractors were going on the land” (Doc 7) and the new technology began to increase production even further. As the depression continued more and more workers were being left unemployed and barely had any money to be spent on food, as the demand for consumer good fell to an all-time low. As Will Rogers said, “we are the first nation to starve to death in a storehouse that’s overfilled with everything we want” (Doc …show more content…
The Great Depression’s effects not only occurred in the United States but all over the entire world. While the Great Depression came to an end during 1939-1940 this also, unfortunately, marked the beginning of World War II which took to lives of countless people around the