The Great Depression: An Economic Catastrophe In The 1930s

150 Words1 Page
The Great Depression was an economic catastrophe in the 1930s that left millions of Americans unemployed and impoverished. According to the article, one-fourth of the workforce was unemployed, and the agriculture income also dropped down by 30%. As a result, the national income was cut down by one half. Due to the economic crisis and the highest unemployment rate during the Great Depression, a new kind of poor Americans was created; the “new” poor population included former middle-class and working-class who had lost everything such as jobs, homes, and savings. The increased in poverty had led to an increased need of assistances from the government and private assistance. However, the resources from local welfare agencies and private charities
Open Document