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During the Depression foreclosure rates skyrocketed. What was the main cause?
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Farmers banded together like a labor union. They hoped that this would raise the price that farmers were paid for their products. They set up blockades and made any trucks carrying dairy or other farm products to turn around and back home.
what are the choices
People went into foreclosure when they left their homes to find jobs in other cities. When banks folded they cancelled their mortgages and homes went into foreclosure. The interest rates on home loans ballooned and families could no longer afford payments. Families without employment had little in savings to pay their mortgage.
choices ^
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