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Hoovervilles-A Downturn In American History

Hoovervilles and the Economy

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Hoovervilles and the Economy

As the economic crash of the 1930s dragged on, more and more people were ruined. Delinquent taxes, drastically rising unemployment and mortgage foreclosures were heavy burdens to overcome. Those factors forced ordinary people to either move into Hoovervilles or become transients. Between 1929 and 1933, more than 100,000 businesses failed across the nation. When President Hoover left office in 1933, national unemployment hovered at a staggering 13 million; nearly 25 percent of America's work force. Here is a brief overview of what happened:

Year
Unemployment
Employment
1929
2.5%
97.5%
1930
7.5%
92.5%
1931
15.0%
85.0%
1932
22.5%
77.5%
1933
24.0%
76.0%
1934
21.0%
79.0%
1935
19.0%
81.0%
1936
16.0%
84.0%
1937
13.0%
87.0%
1938
18.0%
82.0%
1939
17.0%
83.0%

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