- Customers rushed to bank and withdrew their money which caused the banks to fail.
- A lot of people that were very rich lost all their money and everything they had. Many people committed suicide.
- Many companies went out of business.
- Many people lost their jobs.
- About one out of four people did not have a job.
- About 750,000 farms were lost because of bankruptcy.
- Many people that lost their homes had to live in "Hoovervilles" which were named after President Hoover.
- Almost half of the children in the United States did not have enough food and shelter. Many suffered from diseases.
- Many schools were closed down by the 1930's.