Just how much damage did the economic crisis do to the United States? Even though it had only been going on for a little over a month by now, it had already caused the United States to lose a massive amount of wealth.
New York even had a popular nursery rhyme going around: "Mellon pulled the whistle, Coolidge rang the bell, Wall Street gave the signal and the country went to hell!"
Following the collapse of the stock market, the American economy immediately plunged into a comprehensive, devastating catastrophe, and a terrifying chain reaction quickly ensued.
The bankruptcy of banks and businesses had become an everyday occurrence, and Americans did not even have to worry about when they would lose their jobs because they simply would not have any work left once the economic crisis broke out.
Yet, ironically enough, agricultural capitalists and a vast number of farm owners were still destroying so-called "surplus" agricultural produce, directly using wheat and corn as fuel instead of coal, and pouring milk into the Mississippi River to turn it into a literal Milky Way.
Although it had only been a little over a month, a large number of American cities, including New York, had already gathered countless homeless people.
Driven by desperation, these people had no choice but to build crude shelters out of wooden boards, old sheet metal, tarps, and even kraft paper.
The so-called villages gathered from these shacks were known as Coolidge Villages, the begging sacks carried by vagrants in the cities were called Coolidge Bags, cars that had to be pulled by livestock because people could not afford gasoline were called Coolidge Cars, and even the newspapers that homeless people sleeping on the streets covered themselves with were dubbed Coolidge Blankets.
This not only demonstrated how drastic the changes