The Rich And Working-Class Affected Social Life During The Great Depression

598 Words3 Pages
‘We in America today are nearer to the final triumph over poverty than ever before in the history of any land.’ This was said by New republican president, Herbert Hoover, in 1928. However it was not true, for within a year, America had lost all confidence and it had fallen into the depths of depression. The Great Depression was an economic crisis which started with the crash of the Wall Street stock markets in 1929. It was a tragedy which affected all areas of American life. It caused unemployment rates to rise, reaching as high as 25%. This, in turn, impacted family life, leaving many to live in extremely harsh conditions. It also affected social life, due to the fact that the gap between the rich and working-class widened. It truly was a catastrophe which impacted all. After the crash of the stock markets, the demand for agricultural goods during WWI disappeared, and as a result, rural areas of America experienced severe adversity. Banks prevented farmers from obtaining mortgages, and due to this countless businesses failed. Overproduction begun to take place in major businesses and factories, due to the fact that workers could not afford the products they helped manufacture. Numerous banks failed, and many…show more content…
Unemployed parents could not pay for food or water, nor could they pay for clothing and shelter, and as a result, innocent children suffered. Incapable of providing for their families, many fathers became frustrated, and simply abandoned them, leaving them to fend for themselves. Other times, young children were left homeless, having no one to care for them. During the height of the Great Depression, at least 200000 young people and 25000 families roamed the country, in search of food. These alarming statistics show just how greatly the Depression did actually impact

More about The Rich And Working-Class Affected Social Life During The Great Depression

Open Document