All that dust made some of the farmers leave, one Oklahoma farmer remembered later. "But my family stayed. We fought to live. Despite all the dust and the wind, we were planting seeds. But we got no crops. We had five crop failures in five years."
Falling production. Rising unemployment. Men begging in the streets. But there was more to the Great Depression. At that time, the federal government did not guarantee the money that people put in banks. When people could not repay loans, banks began to close.
In nineteen twenty-nine, six hundred fifty-nine banks with total holdings of two-hundred-million dollars went out of business. The next year, two times that number failed. And the year after that, almost twice that number of banks went out of business. Millions of persons lost all their savings. They had no money left.