Question

How did the great depression affect the lives of americans citizens?

Answer 1

Hint: In modern world history, the Great Depression was the greatest and longest economic recession. It started with the 1929 U.S. stock market crash and did not end after World War II until 1946.
Economists and historians often refer to the Great Depression as the 20th century's most catastrophic economic event.

Complete answer:
The Great Depression transformed the social and political institutions of America and the ways in which individual individuals thought about themselves and their relationship with the country and the world.

By 1932, thirty million Americans had lost their source of income, unemployment or the loss of a family breadwinner three years after the initial crash of the stock market. This included more than a quarter of the population of the State of Washington. Of those lucky enough to have a consistent job, many, perhaps most, took pay cuts or worked a reduced schedule.
Even professionals in the upper middle class, such as physicians and lawyers, saw their incomes fall by as much as 40 percent. Suddenly, families that had previously enjoyed economic security faced financial instability or, in some instances, ruin.

The Depression-era slogan lived by the ordinary American family: "Use it up, wear it out, make it do or do without."
Many struggled to preserve appearances and move on with life as close to normal as possible when adjusting to new economic conditions.
In daily life, households have embraced a new level of frugality. They kept kitchen gardens, patched worn-out clothes and went on trips to the movies as they struggled privately to retain ownership of a home or car.

Note: The U.S. economy was devastated by the 1929 Great Depression.
1)One-third of all banks have failed.
2)Housing prices plummeted 67 percent
3)International trade collapsed by 65 percent
4)Deflation soared above 10 percent.
5)The stock market took 25 years to recover.
6)Unemployment rose to 25 percent, and homelessness increased.