The crash of the stock market in October
1929 signaled the beginning of the Great
Depression, the worst economic crisis
of the 20th century. Everyone was selling
but no one was 1.
. Caught between
bad loans that could not be repaid and
nervous depositors who wanted to close
their accounts, banks ran out of money
and were forced to close. And businesses
that needed credit to 2.
had to shut down. In 1933, the lowest point of the depression, one of every four workers in America was unemployed--over 13 million people. American farmers by the 3.
lost their farms because of falling prices for farm products. Several years of drought only made things worse for farmers in what came to be known as the "Dust Bowl" area of the country. Many farm families forced from their homes became migrant 4.
in California. Jobless and homeless, huge numbers of Americans were thrown into extreme poverty. Charities set up soup kitchens and bread lines but hunger and misery stalked the streets and countryside. Camps of homeless people sprang up in the vacant lots and open spaces of cities across America. These 5.
of shacks and tents were called "Hoovervilles" after Herbert Hoover, the President of the United States when the depression began. Frustrated and demoralized, many Americans took their protests to the streets, demanding government action.
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