International trade plunged by half to two-thirds, as did personal income, tax revenue, prices and profits. Cities all around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming and rural areas suffered as crop prices fell by roughly 60 percent. Facing plummeting demand with few alternate sources of jobs, areas dependent on primary sector industries such as farming, mining and logging suffered the most.
There was a drastic drop in consumer spending and a pile up of unsold goods which slowed down production. Whilst this was happening stock prices continued to rise and by the end of that year prices had reached levels that were unjustifiable from anticipated future earnings. During the peak of The Great Depression, industrial production in the US dropped by 47% and the real GDP had declined by 30%. The most concerning out of these statistics was the unemployment rate which was said to have exceeded 20% at the height of The Great Depression. The average income of a conventional American family had decreased by 40% from 1929 to 1932.
Victims still have to face the on going problems, government of Haiti gave no support to the people, more than 20% of the victims still left homeless.According to CNN report the Haitian Government had estimated the number of people who identified as dead between 217,000 to 230,000.Moreover, around 300,000 people were injured and 1,000,000 people were homeless. According to Human Rights Watch’s report, women of Haiti have to suffer from starvation to the point that they have to sell their bodies for
Not only did the banks lose everyone’s deposits but natural disasters such as droughts and dust storms hit the plain states in America as well (The 1930s). Between 1929 and 1932 the National Income was cut in half, which in turn led to the working class to have to lay off all of their employees. Companies all across america laid off nearly one-fourth of their employees. Most of the families that lived off of the steel, agricultural, and unions all suffered (The 1930s: Lifestyles and social trends: Overview). After the
Banks, stores, and factories were closed and left millions of Americans jobless, homeless, and penniless. Many people came to depend on the government or charity to provide them with food. It led to a sharp decrease in world trade as each country tried to protect their own industries and products by raising tariffs on imported goods. The economy continued to fall almost every month. At first, the stock market was an important but not the dominant influence.
Billions of dollars were lost and many citizens jobs were affected from the collapse. Several companies had to lay off huge amounts of employees. The economy was on the brink of disaster. By 1933, nearly half of America 's banks had failed, and
“Poverty is viewed as a major determinant of the need for health care.”(The Milbank Quarterly, 1998). People suffering from poverty could not receive any proper treatments. Treatments should be provided in order that the poor people suffering from poverty are able to receive treatments to cure their diseases. “Almost half of the world — over three billion people — live less than $2.50 a day.”(World Bank Development Indicators, 2008). Therefore, the majority of people are not able to receive any sufficient treatment/ health care due to their economic issues.
The United States faced an economic crisis that led to the loss of billions of money in the stock market. American life turned down to the extent that banks fell and investors could no longer invest in the country. Many companies closed, and millions of citizens lost their job. Crime became a way of life for many during the Great Depression as it was almost impossible to find work. The industrial production in the United States declined 47% and gross domestic product (GDP) fell 30% (Ohanian, 2017).
In total, 18 million people die each year from poverty-related causes. These are preventable deaths that the crisis is aggravating. Playing commercial casino doesn 't come free. The World Bank estimated that 22 more children would die per hour in 2009 (one every three seconds) for preventable
But they could harvest only a half of the cultivation as the drought destroyed the rest. They suffer from the drought, food insecurity and debt as they cannot pay back the loans. The drought has affected 1000 of farmer families by completely disrupting their way of life. And plunging them into debt and uncertainty with livelihood sources fast shrinking and food insecurity rising. These people are in desperate need of assistance.