Economic Developments: Evidence of The Great Depression Flashcards
What percentage of working adults in the USA were unemployed in 1929?
3%
What percentage of working adults in the USA were unemployed in 1933?
25%
How many times more likely were African Americans to be unemployed compared to White Americans?
5 times more likely to be unemployed
How many workers did the coal industry have to lay off after the Wall Street Crash?
300,000
In 1930, the coal industry had their lowest output since what year?
Lowest output since 1904
How many banks were there in the USA in the 1920s?
30,000
How many banks went bankrupt in 1930?
1200
How many more banks went bankrupt in 1931 compared to 1930?
Twice as many banks
How many banks went bankrupt in 1933?
4000 banks
On what day was $4 billion lost in the stock market?
October 23rd 1929
On what day was $9 billion lost in the stock market?
October 24th 1929
On what day were there 16 million shares sold?
29th October 1929
How much money had been lost in the stock market by November 1929?
$25 billion
What percentage did the USA GDP go up by a year on average in the 1920s?
2% a year
What percentage did the USA GDP decrease by between 1930 and 1933?
Decreased by 30%
How much did Iron and Steel production fall by from 1930 to 1933?
Fell by 60%
How much did the total value of goods in global trading go down by from 1929 to 1932?
Went down by 50%
In what year were wheat bushels $2.20 per bushel?
1920
In what year were wheat bushels $1 per bushel?
1929
What was the price of a wheat bushel by 1931?
40 cents
How many people became homeless during the Great Depression?
2 million people
What did many people set up when they became homeless?
Hoovervilles
What were Hoovervilles?
Shanty towns
How many Americans went hungry during the Great Depression?
20 million Americans
Why were they called Hoovervilles?
To direct the blame for the Great Depression at Hoover
Name a location of a Hooverville
Central Park
What did farmers experience in 1931?
A drought
How many hectares of farmland were affected by the 1931 drought?
20 million hectares
How many farmers became homeless from the 1931 droughts?
1 million
