Great Depression

Every area of job market saw massive increase in unemployment.

with so many out of work and , no money in the banks, farmers began to loose their farms due to their loans payments being called for.

loss of confidence in the American Economic System was prevalent.

with consumption in every market reduced, employees no longer needed.  Layoffs soared.

fathers lost their jobs and the means to provide for their families

families lost their homes and their farms.

familes had to pick up and move to new locations like California where jobs might be found.

health care became non-existant for many families.

natural death and suicide increased as parents found it impossible to provide for their families.

After the stock market crash everyone ran to the banks to take out their money.

With everyone taking their money out of the banks, the entire banking system collapsed.

No money was in the banks meant no money for loans, banks recalled all of their previous loans due.

Those who had money held on to it, those without money had no means of getting any.

Factories cut back as a result of no capitol, Unemployment soared.

President Hoover felt the government should let the market correct itself.

Hoover did not feel the government had a responsibility to the people who had lost their homes and jobs.

Hoovervilles popped up all over with families having no where else to go.

Roosevelt did not feel like Hoover, he felt the government should create government jobs for the citizens.

Roosevelt began a lot of government works programs like the TVA.