The Great Depression began after the stock market crash of October 1929. This sent Wall Street into a panic and wiped out millions of investors. and this also sent all the jobs to close down.
consumer spending and investment dropped. Causing steep declines in industrial output and employment. as failing companies laid off workers.
people were impacted by the great depression by economic depression fear and gloom. they went hungry during the depression. people who saved their money in the banks lost their entire savings.
millions of people lost their jobs during the great depression. 25% percent men were unemployed. thousands of people became homeless and had no money to live.
the Seattle library board said not to employ a married woman whose husband is able to provide her a living. approximately half of black Americans were out of work. In some Northern cities, whites called for blacks to be fired from any jobs as long as there were whites out of work.
the great depression led to black lash against minorities and woman workers. African Americans had less of a financial cushion to fall back on when the economy collapsed. African Americans experienced the highest unemployment