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American History

30 Eye-Opening Facts About Average Life During The Great Depression

Migrant Mother - Dorothea Lange

Crowd gathering at the intersection of Wall Street and Broad Street after the 1929 crash. US Government/Wikimedia Commons/Public Domain.

27. Your Family Lost All the Savings

When Wall Street crashed on October 29, 1929, the stock market lost $14 billion in just one day. Over that week, it lost a total of $30 billion. Millions of people lost all of their life savings and literally overnight went from wealth and prosperity to abject poverty. The Great Depression affected everyone; that is, rich people became poor, and those not-so-wealthy equally lost what little they did have left.

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