USA HISTORY

Detailed explanation-1: -As stocks continued to fall during the early 1930s, businesses failed, and unemployment rose dramatically. By 1932, one of every four workers was unemployed. Banks failed and life savings were lost, leaving many Americans destitute. With no job and no savings, thousands of Americans lost their homes.

Detailed explanation-2: -Economic hardship caused family breakdowns. The stress of financial strain took a psychological toll-especially on men who were suddenly unable to provide for their families. The national suicide rate rose to an all-time high in 1933. Marriages became strained, though many couples could not afford to separate.

Detailed explanation-3: -It was marked by steep declines in industrial production and in prices (deflation), mass unemployment, banking panics, and sharp increases in rates of poverty and homelessness.

Detailed explanation-4: -More important was the impact that it had on people’s lives: the Depression brought hardship, homelessness, and hunger to millions. THE DEPRESSION IN THE CITIES In cities across the country, people lost their jobs, were evicted from their homes and ended up in the streets.