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Population Of The Great Depression
The United States of America had the highest number of homeless population ever during the Great Depression. This number was the highest in the nation's history. It was the ultimate effect of the unemployment due to stock market collapse in the year 1929. |
The Dust Bowl led many into shantytowns called Hoovervilles. Military veterans, in 17,000 numbers, were found marching towards Washington in 1932 demanding their money after they fought in World War I.
It was given to understand that it all began with the collapse of the New York Stock Exchange on October 29, 1929 called as a Black Tuesday. The exact cause for this massive collapse could be due to lack of confidence for the sell-offs that heavily hit the crash, industry and other financial groups.
The other major factor being the Dust Bowl in 1930s that witnessed mismanaged farming techniques and then the sustained drought. Adding to it was the topsoil in the Southwest and Midwest that eroded into massive dust storms leaving farmers devastated and forced into unemployment. This helpless, jobless and homeless condition of the population during the period of the Great Depression sustained through halfway of 1930s and not until the World War II began.
The population saw an increased poverty rate and homelessness with unemployment skyrocketing. It was in the 1940s that the situation started improving but not before the joblessness made families live without food, clothing or shelter, something that is the necessity for any mankind. The Depression had firmly entrenched the whole of America. There were rise in suicidal rates during the Great Depression times.
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