Social consequences of The Crash

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Late 2000s Financial Crisis

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Disarmament

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The Great Recession Mind Map (period 2)

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Oliver Twist

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Social consequences of The Crash

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Unemployment

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People felt ashamed

Humiliation

Anger

People became homeless

Any other notes can be added here.

Slept on the streets

Doorways

Sidewalks

Driveways

Parks

Lack of food

Asing on the streets

Charity Kitchen

Rubbish

"Hoovervillles"

Houses made from recycled and found objects

Possesions taken from their home

Outskirts of cities

Couldn't pay rent

The poor

No payment

Stress

Many preocupations

No benefits

Government blamed

President Hoover

Banks in crisis

As the effect of the crisis, millions of savers wanted their money back from the banks

By the 1933, American banking system had virtual collapsed

bankrupt, the smaller banks were the first one

But the banks were in crisis

Who kept their jobs?

Most of the 60 per cent of workers in Chicago who kept their jobs saw their wages cut by a half or more