268 – 1931, and a Death

1931 was arguably one of the worst years of the Great Depression.

2,294 banks failed during 1931. 28,285 businesses failed.

Unemployment rose to 16%. The economy shrank by 8.5%. Prices fell 9.3%.

By 1931, most American had been impacted by the Depression, and realized that it wasn’t going away soon.

A “Hooverville” in the old Central Park, New York – c 1931
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