Peter the Unlucky Guy

Here was what happened. During the Great Depression era, mergers were all the rage, and social wealth became increasingly concentrated in the hands of a few. As a result, society's purchasing power declined, causing an increase in goods in circulation and difficulties in exporting capital, which further triggered problems such as overproduction and excess capital. Problems like overproduction led to massive unemployment and layoffs among workers. When people lost their jobs, they had no money to pay rent, so rents had to fall.