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Americans During The Great Depression

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During the Great Depression Americans suffered greatly. It was the deepest and longest downfall in American history. The Great Depression began after the stock market crash of October of 1929. When the stock market crashed it sent Wall Street in a uproar and wiped out many investors, this causing a steep declines in industrial output and rising levels of unemployment as failing companies laid off workers. By 1933 nearly 15 percent of workers were unemployed or laid off. With many people being unemployed it made many people homeless. The community created a community called hoovervilles. A "Hooverville" was a shanty town built by homeless people in the US during the Great Depression. They were named after Herbert Hoover, who was President of

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