Clnsequences Of The Depression Flashcards
By what percent did industrial production drop and how many banks went out of business
Dropped 45% and 5,000 banks went out of business
In 1932 how many people unemployed
Over 13 million
How were famers impacted
Overproduction in the 20s lead to the dust bowl, farmland no longer suitable for growing or grazing
Where did people who lost there homes need to live
In shanty towns called Hoovervilles
Why was Hoover Hated
No welfare system in place, refused to recognise the problem as he rejected Keynesiasm and relied too much on voluntarism
Who were the bonus marchers
Ex-army soldiers who went to the White House asking to be paid pensions, Hoover used tear gas and turned on the army
What did America do which impacted the global economy
Recalled loans from European countries
