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what effect did the great depression have on debts?
were debts forgiven
- JohnLv 63 months ago
The Great Depression took Grandpa's farm.
- mayo_carlLv 73 months ago
Many banks (especially small banks) and businesses went bankrupt, because their debtors could not pay them
- DzeLv 73 months ago
no ..the banks called in the loans and collected assets .. wealth wasnt destroyed it just changed hands .. thats how it works ...