In the Roaring Twenties, people began buying household materials and stocks that they couldn't pay for with credit. Farmers, textile workers, and miners all received low wages. In 1929 the stock market crashed. All of these events started the Great Depression. At the start of the Great Depression, 9,000 banks were closed, closing nine million savings accounts. This led to the closure of eighty-six thousand businesses, a European depression, overproduction of food, and depressed prices. It has also led to more people going hungry, more homeless, and much lower wages. From 1929 to 1933 there was a 28% increase in the number of homeless people. And in the midst of the onset of the Great Depression, President Hoover did nothing to improve the nation's conditions. In 1932, people decided that America needed a change. For the first time in twelve years they elected a Democratic president, President Franklin D. Roosevelt. He immediately began working to fix the American economy. He closed all the banks and started a series of laws called the New Laws. the...