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During the Depression foreclosure rates skyrocketed. What was the main cause?

During the Depression foreclosure rates skyrocketed. What was the main cause?
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During the Depression foreclosure rates skyrocketed. What was the main cause?

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User Florian Ludewig
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2 Answers

1 vote
Thousands of Americans lost their jobs, and all of their money that was in the bank, meaning that they were all unable to pay their mortgages resulting in foreclosure.
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User Shaofei Cheng
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5 votes
Less people had jobs, so they couldn't keep up with the mortgage.
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User Krosan
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