Question 16 • MS U.S. History - SS3307 B-IC
As the economy collapsed, people lost jobs and income, so homelessness and poverty increased. Many borrowers could not keep up with mortgage payments, leading banks to foreclose on homes and evict people. Businesses also faced foreclosure or closed when they could no longer pay their debts. Unemployment did not fall in the early years, and Americans did not migrate to Europe in large numbers for stability.
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