Effects Of The Crash

Question 1

What happened to many people who had borrowed money?

Answer 1

Couldn’t pay banks back so homes were repossessed

Question 2

What did some investors do?

Answer 2

Commit suicide

Question 3

How many companies went bankrupt between 1929-1933

Answer 3

100,000

Question 4

What happened to many banks?

Answer 4

Went out of business

Question 5

How much money did the Vanderbilt family lose?

Answer 5

$40 million

Question 6

How many people were unemployed by 1932?

Answer 6

12 million

Question 7

What did homeless people do?

Answer 7

Built temporary shelters in parks called ‘Hoovervilles’ after Herbert Hoover who many felt was clueless

Question 8

How many banks closed 1929-1930?

Answer 8

700

Question 9

By 1933 how many of the work force were unemployed?

Answer 9

1/4 (13 million)

Question 10

What happened to agricultural products?

Answer 10

Income dropped 60% due to over production and declining demand many farmers went into debt and were evicted

Question 11

What happened to national income by 1933?

Answer 11

Gone from 80billion to 40 billion

Question 12

What were some examples of poverty that the depression caused?

Answer 12

Undernourishment
Thousands made homeless and living in shanty towns called Hoovervilles
Many moved to seek work