Unformatted text preview: businesses any money. Now, factories and plants that were going to rely on banks to get them through the financial crisis had nowhere to turn. It was not long before factory, plant, and other blue collar laborers were out of work. This sector was probably one of the hardest hit during The Great Depression. Work was not the only thing that was nearly nonexistent during The Great Depression. With unemployment reaching as high as 38% in some states and over 12,000,000 out of work by 1932, there was no medical care. People could not afford to see the doctor and children, adults, and the elderly passed as disease and starvation took hold. Even now during our current recession the unemployment rate in some states tops 12% making it feel more like a Depression....
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This note was uploaded on 02/27/2011 for the course MKT 421 taught by Professor Unknown during the Spring '08 term at University of Phoenix.
- Spring '08