Social Problems during the Great Depression Great Depression, defined as the greatest period of low economic activity and high unemployment in American history. The Great Depression took place from 1930 to 1939. During this time the prices of stock fell forty percent. Nine thousand banks went out of business and nine million savings accounts were wiped out. Eighty-six thousand businesses failed, and wages were decreased by an average of sixty percent. The unemployment rate went from nine …
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showed last 75 words of 851 total
…working. People had no food, no money, some lost their homes, and some people even lost their lives. This shows that people during the Great Depression encountered many social problems. ------------------------------------------------------------------------ **Bibliography** Anders, Curt. Hearts in Conflict. New York: Carol Publishing Group, 1994. Angle, Paul. The Civil War Years. New York: Doubleday & Company, Inc., 1967. Brinkley, Douglas. History of the United States. New York: The Penguin Group, 1998. Catton, Bruce. The Coming Fury. New York: Doubleday & Company, Inc., 1961.