Boom Bust And Recovery - Economic Change And Development Flashcards
What did overproduction do to wheat prices
Fell by 50%
By 1925, what was the price of a model T
$400
Where was oil found
Oklahoma, Louisiana, Texas
By 1930, what % of American households had a radio
40%
Due to old industries, estimated how many jobs were taken away
2 million
Real wages went up by how much in the 1920s
30%
By 1929, how many companies controlled the majority of US electricity production
16
What % of American families had an income of less than what a year
50%, 2000
Buying things with credit meant buying them either loans covering up to what % of the purchase price
75%
How much worth of call loans were outstanding
$8 billion - banks under capitalised
By when had most things been bought
1928
When did a model T factory close
1927
On the 29th of October 1929, how much worth was lost? What is this day also known as? How much money was withdrawn
$14 billion, black Tuesday, $1 billion
Paper prices of stocks fell by how much
About $26 million
How many suicides of prominent investors were there when
24th October 1929, 11
