On Friday, October 24, 1929, the largest stock market crash in the United States of America occurred. The Wall Street Crash of 1929 is known as the largest crash in US history. This incident had an economic and social impact on the United States. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay The Wall Street crash was the result of the unstable boom in stock prices in previous years. “The stock price boom was caused by investors' irrational exuberance, buying stocks on margin, and overconfidence in the sustainability of economic growth.” Many families had been taken from their homes. In 1932 approximately 273,000 families were evicted from their homes. Most families were fortunate to have the privilege of moving in with other family members, but some were forced into homelessness and living in uncomfortable conditions. The huge amount of evictions has led to huge congestion, especially in places like cities and towns. Restricted living circumstances damaged family associations and led to the following: abuse; subjects; health problems and more. There were many effects of overcrowding such as stress; and anxiety. Vagrancy has caused many people to live in poor living circumstances and left them with insufficient sanitation and a lack of clean drinking water. Displaced and homeless people starve due to poverty, which leads to poor nutrition which in turn leads to a number of infections. This factor leads to a huge amount of health problems. Medical facilities were one of the things that vagrants could not access, and due to malnutrition, people were unable to treat illnesses. About 33% of the displaced died due to poverty. This simply indicates the effect that poverty has had on people, especially the homeless. During this era, there was an increase in ethnic discrimination against immigrants and African Americans. These were the first people to be fired from their jobs. The unemployment rate for African Americans and immigrants was double that of white Americans in New York. State governments and charities proved incompetent in responding to situations and unable to provide assistance to those who needed it. Discrimination against female workers also occurred. Women were fired if they were married. Women were deprived of jobs in favor of men/male workers. By the early 1930s, traditional unions excluded women entirely. Countless unemployed people also suffered from poverty and felt uncomfortable and ashamed to socialize. In America, poverty levels have increased significantly “those living in poverty are defined as those who are denied sufficient income to meet their needs”. Accommodation; food; clothing; and water are some of the basic needs that people living in poverty cannot afford. The main economic crisis was unemployment. Furthermore, less than 20,000 businesses went bankrupt and closed. 25% of the American population remained unemployed. Numerous Americans lost their jobs and were unable to feed themselves, support their families, or even repay debts. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay Close to 10% of US households have invested in the stock markets, which is about 3-4 million people. This has left many.