how did great depression impact ordinary people ?

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02-12-2021
History

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how did great depression impact ordinary people ?

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AlishaAlontoidn AlishaAlontoidn · Answer 1 · 2021-12-04T20:00:10-05:00

Answer:

Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers. By 1933, when the Great Depression reached its lowest point, some 15 million Americans were unemployed and nearly half the country's banks had failed.People lost their jobs and were evicted from their homes. There were a lot of homeless people sleeping in the cities. Some people built and lived in shanty towns.

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