Many businesses and farmers went bankrupt, resulting in more than fifteen million people losing their jobs. Furthermore, over nine thousand banks failed, and staff incomes, tax revenues, profits and prices fell dramatically. Foreclosures and foreclosures of homes and businesses have steadily increased. Manufacturing production collapsed and many banks were forced into bankruptcy. However, the Great Depression could have been avoided with stricter policies and regulations adopted in the stock market, brokerage firms, and banks. Furthermore, income stratification, Americans would not have to buy on credit, and most importantly, the intervention of the American Berglund 2 government to stimulate the economy, all the above-mentioned factors took a major role in avoiding the Great Depression. In the roaring '20s, many