Many mortgages were foreclosed homeless people count had grown.
Starvation was a key factor during the great depression no many died but were sick from the lack of food.
unemployment was at an all time high 25 percent of the united states and 33 percent of the world didn't have a job,
many unemployed workers committed suicide
People pulled all their money out and banks closed 40 percent of the banks colapsed
by 1933 people lost 140 billion dollars
What did the government do to fix the problem with the great depression:
Herbert hoover - Created agricultural Market Act of 1929
He believed local communities should provide relief for unemployment
RFC- agency gave 2billion to small goverments and gave loans to banks,railroads,and other businesses
Settlements of shacks were named after him "Hoovervilles"
Believed that the government should stay out of the way of the citizens lifestyle (laissez faire)
FDR: 32nd president
he served 16 years in office (4 terms)
Shaped government and helped society
He wanted to be involved with the American people and created the plan called the new deal
The new deal was used to help banks get out of the tight grip on money
it started in 1932
This program was started to help the great depression
it focused on the 4r's relief,recovery, and reform.
Home owners loan corporation prevented foreclosure by giving people more time to pay off loans
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