• Industrial production fell dramatically
• Some businesses were forced to cut production, reduce working hours or shut.
• ~9000 banks closed between 1930-33. Many Americans lost their savings.
1 of 5
Unemployment
• No. of products solved halved between 1929-33. Falling demand meant less profit, so businesses couldn't afford to pay workers.
• Jul 1932- 23% of working population was unemployed
2 of 5
Homelessness
• No income and difficulty finding work led to people being evicted and becoming homeless.
• No social welfare schemes- people relied on charity
• Breadlines and soup kitchens became necessary for survival.
3 of 5
Farmers
• Continued to suffer as they had in the 1920s
• Farmers who couldn't afford to pay their debts were evicted.
• Often lost their jobs because they couldn't afford to pay farmworkers
• Severe drought & erosion in Dust Bowl area made effective farming impos
4 of 5
Loss of confidence
• The Depression affected how people lived physically and mentally.
• Many were losing faith in the idea of the American Dream.
5 of 5
Other cards in this set
Card 2
Front
Unemployment
Back
• No. of products solved halved between 1929-33. Falling demand meant less profit, so businesses couldn't afford to pay workers.
• Jul 1932- 23% of working population was unemployed
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