The Depression wiped out banks, businesses, and families. Every week for the first three years of the Depression, one hundred th
ousand workers lost their jobs. By 1932 more than 13 million Americans—a quarter of the workforce—were unemployed. In some cities, including Cleveland and New York, 50 percent of workers were unemployed. Total farm income fell from $12 billion in 1929 to only $5 billion in 1932. More than five thousand banks failed, and the savings accounts of more than nine million Americans disappeared. According to the passage, what was one effect of the Great Depression?
New York was the American city most affected by the Depression.
About half of all workers nationwide were unemployed by 1932.
Nearly one hundred thousand banks had shut down three years into the Depression.
The money gained from selling crops fell by $7 billion in three years’ time.
