problems. Thousands of employees had to be fired because the companies could no longer afford to pay them their salaries. Many factories, mines, and businesses were even forced to shut down due to the terrible economic crisis. When all of these workers lost their jobs, they could hardly afford to buy food or clothing, therefore, many of the stores were not making enough money to survive either.
             This caused more people to be fired and more businesses to shut down. It was a continuous cycle that caused the economy to get worse and worse. The unemployed people desperately needed money, so they all rushed to the banks to take their savings out. Unfortunately, most banks had also been hit hard by the crash of the stock market. The banks, like the people, had bought large amounts of stocks when they were doing so well. When the stocks dropped, they could not afford to give their customers the savings account money, which they demanded.
             The lucky people who still had their jobs were forced to take a substantial pay cut, the average of which was about fifteen percent. Breadlines and soup kitchens were established by the cities to help those who had been fired. Many of the unemployed were ashamed to have to accept handouts, but they had no choice. It was the only way for them to feed their families. This quotation shows how bad the times were and just how desperate the people were becoming. Only six months after the crash of the stock market, more than four million Americans had lost their jobs. Many of these people could no pay their rent, so they were forced to evacuate their houses or apartments.
             The people placed the blame of their predicament on President Hoover. Americans were becoming very angry and discouraged with their situation. In March of 1930, many Unemployment Councils had formed in the nation's larger cities. The Unemployment Council in New York City held a demonstration in the city's Union Square. Over ten ...