3 Read these sentences from the text.
To most Americans, the Great Depression was a time of
scarcity. All of a sudden, the economic boom of the 1920s
ended. In 1929, all of this wealth collapsed, and people had
trouble finding work and even finding food. Banks had to close
because they just did not have enough money to give people.
When banks closed, several people lost their entire life
savings. By 1932, one out of every four Americans was
unemployed.
What can you conclude based on this information?