workers wage fallen in alarming rate. By early 30's factories shut down or slowed down by the crippling economy. As an average about 100,000 workers a week got fired in the first three years after the stock market crash. 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. Most of them were still happy because they knew that they were way better off than those people who were without work. 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. Only six months after the crash of the stock market, more than four million Americans had lost their jobs. Many of these people could not pay their rent, so they were forced to evacuate their houses or apartments. Despite this terrible economic situation, President Hoover was still telling the citizens of the United States that the hard times would soon end, and that they had nothing to worry about. The new problem facing the homeless was finding a place where they could take shelter. These unfortunate people could not afford their old hou...
