Affected Groups

Businesses and Banks
Because of the many crashes occurring at this time thousands of banks went broke and fell out of the business because they lacked the currency to back up the enormous loans they were creating. As many of the investors began to have their loans defaulted on they were present to observe as the systems they helped to build collapsed around them.

Labor and Work
As there was no money to keep up with those who were earning it they began to join the crowds of unemployed men wandering the streets looking for a paying job. These men quickly became homeless and joined their many comrades in ‘Hoovervilles’. Some new deal programs were successful in putting these men back to work.

Education
Though the educational system felt less of a hit the children missing from classes were dearly missed. Among the major contributing factors to the absence of children was the fact that children began going to work to help pay for things in any way possible while transportation was severely lacking and often times nonexistent in communities across America.