A large number of banks and businesses failed: Banks do not
hold large amounts of cash. Banks ran out of money when too many
people wanted to withdraw their savings
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of workers were out of jobs: Unemployment: the number of
workers without jobs People could not afford their house payments
or apartment rent
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Large numbers of people were hungry and homeless: Some people
built shelters out of tents, flattened tin cans, and cardboard
boxes Groups of these shelters were called shantytowns Long lines
were found at community soup kitchens
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Farmers incomes fell to low levels: Crop prices were so low
that some farmers found it cheaper to burn grain than coal Farmers
in the Midwest had difficulties with a massive drought known as the
dust bowl
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Exit Ticket What do you think had the biggest impact for
Americans during the Great Depression? Why? 5 sentences