(2a) The spread of the Depression, 1929-32

Question 1

What was unemployment like in 1929?

Answer 1

unemployment was 3.14% of workforce

Question 2

What was unemployment like in 1933?

Answer 2

unemployment rose to 24.75%

Question 3

1932 national wage bill only …….of 1929 figure

Answer 3

40%

Question 4

How was unemployed distributed?

Answer 4

Uneven distribution of unemployment across industries and regions of USA

Question 5

What was the GDP in 1929?

Answer 5

$103.8 billion

Question 6

What was the GDP in 1933?

Answer 6

$56.2 Billion

Question 7

How many banks failed between 1929-1932?

What did this led to?

Answer 7

Over 10,000 banks failed 1929-1932

USA became a land of cash transactions as mistrust in banks and the economy grew

Question 8

What Modern industry was not effected by the depression?

Answer 8

Air conditioning was introduced. Aviation benefitted from first cross continent flights, and passenger numbers more than doubled 1932-1938.

Question 9

How much did construction fall by?

Answer 9

value fell from $6.6 billion 1929 to $1.3 billion 1932

Question 10

How much did the coal industry workforce fall by?

Answer 10

workforce fell by 300,000 1929 - 1932

Question 11

How much did car sales fall from?

Answer 11

fell from 4.45 million to

1.1 million in 1933

Question 12

What areas suffered the most from the depression?

Answer 12

Agricultural South and traditional industrial North suffered the most, but had already been under economic pressure before onset of Depression.