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Banks could not make loans to help businesses. The Great Depression caused hardship for Americans. In 1932, about 25 percent of the working population did not have jobs. People without jobs lost their homes because they could not pay their debts.

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The Great Depression challenged American families in major ways, placing great economic, social, and psychological strains and demands upon families and their members

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The Great depression of the 1930's worsened the already bleak economic situation of African Americans. They were the first to be laid off from their jobs, and they suffered from unemployment rate two to three times that of whites.

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The Great Depression had a huge impact on the education of students' lives. Children living in both the city and rural areas had fewer teachers, fewer supplies, and fewer extra classes offered, and many children quit school to work on farms or in factories.

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Farmers Faced Foreclosure during the Great Depression. Foreclosure is the legal process that banks use to get back some of the money they loaned when a borrower can't repay the loan.During the 30's, there were thousands of foreclosures. ... In the 1920's, many loans were written when land values and crop prices were high.