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The Great Depression was an enormous tragedy that put many people out of work during the 1900s following the crash of the United States stock market This affected many nations but the United States experienced the worst of the disaster The book The Waterworks by EL Doctorow took place in New York during and after this time It deals with the good and the bad of New York during and after the Great Depression Most of the details about the Great Depression stated in the book are trueIn his book EL Doctorow said New York after the war was more creative more deadly more of a genius society than it is today Doctorow 141 This is 100 true The Great Depression began with the crash of the United States Stock Market The crash started on October 24th and is often called Black Thursday American Stock prices continued to drop three years after the crash Not long after the crash many people began to panic and take their money out of banks which soon forced many banks to close About This was only the beginning of their problems Since banks were closing and businesses had no money people were getting laid-off and losing their jobs Unemployment rate increased from 15 million to 32 million during March in 1930 American The increase in unemployment led to a decrease in industrial output which fell 50 Rosenberg In order to make money many people sold apples on the streets of New York City for five cents American Suicide rate increased a dramatic amount It is said that the clerks of one hotel even started asking guests if they needed a room for sleeping or jumping 50 Thousands of people were homeless and were forced to camp out in Central Park in New York City or forced to live in hoovervilles Hoovervilles were small dirty towns where the homeless would go Because people had no money to buy food many
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