Consequences Of Wall Street Crash Flashcards
0
Q
How did depression affect poverty
A
Undernourishment Thousands made homeless - Hoovervilles Moved to seek work - abandoned families Migrant farm workers - drought in Midwest Marriages delayed and birth rate fell
1
Q
How did depression affect things
A
20000 us businesses folded in 1932
1929-32 5000 banks folded and national income halved from 80 to 40b
Prices of good continued to fall wages fell a quarter of workforce unemployed by 1933
Farm prices fell by 60%
2
Q
What attempts were made to help people
A
Private charities and religious groups Temporary homes and shelter State governments Federal relief agencies Offers of jobs Supply of food and clothes (bread lines & soup kitchens)
