Effects Of The Depression Flashcards

1
Q

Who were the four main effects of the depression?

A

Business
Unemployment
Farmers
Homeless

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2
Q

How many businesses went bankrupt?

A

Between 1929-1933 over 100,000 businesses

Other sacked workers

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3
Q

By 1933 what was production like?

A

Industry was producing less than 1/5 of what it had been before the crash

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4
Q

By 1932 how many people were unemployed?

A

12 million

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5
Q

What did earnings In factories from to?

A

From $28 per week to $22 per week

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6
Q

What did many people try to get jobs as?

A

Selling newspapers or apples on street corners

Cleaning peoples shoes

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7
Q

How much did farmers income drop by between 1929-1933?

A

60%

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8
Q

What made conditions worse for famers in the mid west?

A

Over farming created a dust Bowl so many areas were no longer suitable for growing crops

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9
Q

What were many people doing by 1933?

A

By 1933 around one million people were traveling round America looking for work (many travelled illegally on railways)

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10
Q

What were created by those who couldn’t afford to keep their homes?

A

Shanty towns of shelters on the edges of towns known as Hoovervilles

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11
Q

What was the banking crisis?

A

5000 banks went out of business

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12
Q

What happened as a result of a lack of welfare systems?

A

People became so poor they couldn’t afford to feed themselves

People had to join breadlines

American people began protesting against the government and violence broke out

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13
Q

Why did the depression become global?

A

American recalled its loans to European countries from ww1

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