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This was because they wanted to save their money. They thought that this would stop the economic crash. Unfortunately, not employing people meant that even more people lost their jobs, and the situation worsened.
Because the American economy suddenly crashed, several people lost their jobs. This resulted in people committing suicide, and a huge depression. People literally went from riches to rags. For Americans, this was crisis at its worst.
The depression was not only bad new for the Americans, but also bad for several other countries as well. Britain, France, Italy, Germany, Japan, and others ? were brought to their knees because of everyone's hugely strong trade links with America...
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