500
"In October 1929 the booming stock market crashed, wiping out many investors. The collapse did not in itself cause the Great Depression, although it reflected excessively easy credit policies that had allowed the market to get out of hand...Over the next three years, an initial American recession became part of a worldwide depression. Business houses closed their doors, factories shut down, banks failed with the loss of depositors' savings. Farm income fell some 50 percent. By November 1932, approximately one of every five American workers was unemployed."
Based on the paragraph,
what is going on in history?
how are the people affected by what is going on?
Sample answers:
The stock market crashed, early stages of the Great Depression.
Unemployment, businesses shut down, it became worldwide