Hardships During Great Depression

The Great Depression has been labeled by many as the worst US economic downfall in history. Many citizens faced hardships ranging from suicide to having no money. Some US citizens had all their money in the stock market at the time of the Great Depression which caused so much stress as they had no more money left. This caused a few to commit suicide to end the amount of stress and hardship they were facing. Another issue was US veterans and their bonus. US veterans were guaranteed a bonus when they fought during the war but since that money was in the stock market and banks, no one could receive it. This group of veterans were called the Bonus Army who demanded their money from the government. One of the most widespread problems during the Great Depression was the state of business in the US. Most business owners lost money since they had money in the stock market but the worst came from citizens not buying many goods. Before the Great Depression people were able to afford all the necessities and more while at stores, now people were only able to afford the bare minimum. This caused most sole businesses to be put closed. Lastly and one of the most widespread issues was the state of the banks. Over 800 banks failed and 9 million savings accounts were closed which caused massive heartache.