Effects Of Depression On Individual Groups

Question 1

Give three effects the depression had on farmers?

Answer 1

In 1933 income dropped 60%

Goods that farmers bought had only dropped 15% in price so couldn’t afford what they needed

Many had to sell up

1933, 1 millions traveling to look for work

Question 2

Give three effects of the depression on bankers?

Answer 2

Many lost jobs as banks went bankrupt

Banks tried to recover loans from companies which lead to higher unemployment

Many banks closed so little opportunity for other jobs

Question 3

Give three effects of the depression on urban workers?

Answer 3

25% of the workforce was unemployed

In 1933 production was 1/5 of what it had been before the crash

Unemployment in cities was high between heavy industrial workers and blacks

Question 4

Give three effects of the depression on businesses?

Answer 4

Between 1929 and 1933 100,000 businesses closed

Over three years wages dropped from 28 to 22 dollars

Many had to payback loans = bankrupt

Question 5

Give three effects of the depression on homelessness?

Answer 5

Many couldn’t afford to keep home

Homes were repossessed by banks

Shanty towns were built on the edge of towns known as Hoovervilles