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How Did The Great Depression Changed The Social And Economic Life

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The Great Depression changed the social and economic life of American people into an everyday struggle for survival. As its being specified, the depression had one of the greatest impacts on the unemployment rate which was exponentially increasing. The article “The Great Depression” provides the exact year and numbers of unemployment people by stating that “In 1932, however, with the country mired in the depths of the Great Depression and some 15 million people were unemployed”. It explicitly emphasizes that consequences of stock market crush formed another unemployment barrier for the country and materially affected primarily blue-collar workers due to an employers enforcement to drastically cut the salaries or in worst case scenario decrease

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