By 1932, unemployment had reached 23.6%, and it peaked in early 1933 at 25%, drought persisted in the agricultural heartland, businesses and families defaulted on record numbers of loans, and more than 5,000 banks had failed.
Unemployment had reached 23.6%. This was by 1932. It peaked in early 1933 at 25%. This was by 1932. Drought persisted in the agricultural heartland. This was by 1932. Businesses and families defaulted on record numbers of loans. This was by 1932. More than 5,000 banks had failed. This was by 1932.