How severe is the damage of the economic crisis to the United States? Although it has only continued for just over a month so far, the United States has still lost a tremendous amount of wealth.
In New York, even a nursery rhyme became popular: "Mellon pulled the whistle, Coolidge rang the bell, Wall Street gave the signal and the country went to hell."
Following the collapse of the stock market, the American economy subsequently fell into a comprehensive, devastating disaster, and a terrible chain reaction quickly unfolded.
The bankruptcy of banks and enterprises had become an ordinary affair, and Americans didn't even have to worry about when they would become unemployed because after the outbreak of the economic crisis, they wouldn't have jobs anymore.