How was the middle class affected by the Great Depression?

How was the middle class affected by the Great Depression?

One group that had to deal with drastic changes during the depression was the middle class. ... The collapse of the stock market and the closing of more than 5,000 banks mostly affected the middle class. The professional men that worked at these jobs now had to deal with a loss of income and unemployment.

What happened to banks in Great Depression?

The Banking Crisis of the Great Depression Between 1930 and 1933, about 9,000 banks failed—4,000 in 1933 alone. By Ma, the banks in every state were either temporarily closed or operating under restrictions. ... Roosevelt declared a nationwide banking holiday that temporarily closed all banks in the nation.

What were some causes and effects of increased discrimination during the Great Depression?

List three causes and three effects of increased discrimination during the Great Depression. Causes: Competition for jobs, legal systems ignored civil rights for non-whites and individual racism. Effects: Deportations, lynchings and high African American unemployment. ... To find adventures/jobs or simply run away.

What were the homeless called in the Great Depression?

"Hooverville" became a common term for shacktowns and homeless encampments during the Great Depression. ... There were dozens in the state of Washington, hundreds throughout the country, each testifying to the housing crisis that accompanied the employment crisis of the early 1930s.