The Great Depression affected American life such that the following are true:
- ...Publicly provided food ⇒ Breadlines and soup lines
- ... Fails to pay their debt ⇒ Foreclosure
- ... Prone to fire and collapse ⇒ Hooverville
- ... Causing them to collapse ⇒ Bank runs
The Great Depression happened when there were bank runs as people ran to banks to reclaim their money as a result of the fear that the bank had lost their money loaning it to speculators.
This led to an economic collapse where so many lost their jobs and couldn't pay their mortgages such that their houses were foreclosed and they had to move into shanty towns known as Hooverville. Breadlines and soup kitchens also sprang up to feed them.
In conclusion, the Great Depression was a terrible time.
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