The Great Depression Grace walsh

This was the day after the stock market crash. People gathered outside wanting to try to get as much of their money before something else bad happens to it.
This man is resting in a park. The Great Depression hit this man hard he is homeless. “By 1932 United States industrial output had been cut in half. One fourth of the labor force—about 15 million people—was out of work, and there was no such thing as unemployment insurance. Hourly wages had dropped by about 50 percent. Hundreds of banks had failed. Prices for agricultural products dropped to their lowest level since the Civil War. More than 90,000 businesses failed completely." Britannica School, Encyclopædia Britannica, This shows why this man is homeless most people lost their jobs and couldn’t keep a home or provide for their family’s.

This explains how the great depression started and and how some of it was Hoover fault.

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Created with images by OakleyOriginals - "Soup Lines"

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