Great Depression in the U.S
In 1929, the bills started to come in. American industry had produced too many goods. Americans could not afford to buy all of them. So factories had to cut down on their production. Many workers lost their jobs. Investors tried to get their money back; they sold their rolex watches to the wholesale replica watch market or sold their jewelry back to the shop. But businesses did not have enough money to pay them. Banks tried to get their money back from investors. But the investors could not pay, either. Too many people owed money. And few of them could pay their bills.
During the next few years, business got worse and worse. By 1932, banks all over the country were closing. Many shops like Gucci replica watch shops, jewelry shops and so on. People without money could not buy goods. More and more people lost their jobs. Millions more were earning barely enough to live on. The country was in a great depression they had never experienced before.