Economic Developments: Evidence of The Great Depression

Question 1

What percentage of working adults in the USA were unemployed in 1929?

Answer 1

3%

Question 2

What percentage of working adults in the USA were unemployed in 1933?

Answer 2

25%

Question 3

How many times more likely were African Americans to be unemployed compared to White Americans?

Answer 3

5 times more likely to be unemployed

Question 4

How many workers did the coal industry have to lay off after the Wall Street Crash?

Answer 4

300,000

Question 5

In 1930, the coal industry had their lowest output since what year?

Answer 5

Lowest output since 1904

Question 6

How many banks were there in the USA in the 1920s?

Answer 6

30,000

Question 7

How many banks went bankrupt in 1930?

Answer 7

1200

Question 8

How many more banks went bankrupt in 1931 compared to 1930?

Answer 8

Twice as many banks

Question 9

How many banks went bankrupt in 1933?

Answer 9

4000 banks

Question 10

On what day was $4 billion lost in the stock market?

Answer 10

October 23rd 1929

Question 11

On what day was $9 billion lost in the stock market?

Answer 11

October 24th 1929

Question 12

On what day were there 16 million shares sold?

Answer 12

29th October 1929

Question 13

How much money had been lost in the stock market by November 1929?

Answer 13

$25 billion

Question 14

What percentage did the USA GDP go up by a year on average in the 1920s?

Answer 14

2% a year

Question 15

What percentage did the USA GDP decrease by between 1930 and 1933?

Answer 15

Decreased by 30%

Question 16

How much did Iron and Steel production fall by from 1930 to 1933?

Answer 16

Fell by 60%

Question 17

How much did the total value of goods in global trading go down by from 1929 to 1932?

Answer 17

Went down by 50%

Question 18

In what year were wheat bushels $2.20 per bushel?

Answer 18

1920

Question 19

In what year were wheat bushels $1 per bushel?

Answer 19

1929

Question 20

What was the price of a wheat bushel by 1933?

Answer 20

40 cents

Question 21

By what year were 2 million people homeless?

Answer 21

1932

Question 22

What did many people set up when they became homeless?

Answer 22

Hoovervilles

Question 23

What were Hoovervilles?

Answer 23

Shanty towns

Question 24

Why were they called Hoovervilles?

Answer 24

To direct the blame for the Great Depression at Hoover

Question 25

Name a location of a Hooverville

Answer 25

Central Park

Question 26

What did farmers experience in 1931?

Answer 26

A drought

Question 27

How many hectares of farmland were affected by the 1931 drought?

Answer 27

20 million hectares

Question 28

How many farmers became homeless from the 1931 droughts?

Answer 28

1 million