The Great Depression had a major impact on South Carolina in the late 1920s and 1930s. As the postwar prosperity of the early 1920s ended, the textile and farming industries declined sharply, leading to widespread layoffs and unemployment. By 1929, textile company stocks had lost half their value from just a few years prior. The stock market crash in October 1929 exacerbated South Carolina's economic troubles. By 1932, cotton prices dropped to their lowest point in nearly 40 years and per capita income was cut nearly in half from 1929 levels. Franklin Roosevelt's New Deal programs helped to alleviate some of the crisis by providing relief through public works projects, social services, and the Civilian Conservation Corps,