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USA > Effects of the Great Depression > Flashcards

Effects of the Great Depression Flashcards

1
Q

By 1933 how many American banks had closed

A

10,000

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2
Q

What was average growth rate during 1920s?

A

6.7%

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3
Q

What was average growth rate in 1932?

A

-14%

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4
Q

What was the value of goods produced in the USA in 1929?

A

$104billion

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5
Q

What was the value of goods produced in 1932?

A

$59billion

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6
Q

What % was production in 1932 compared to 1929?

A

50%

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7
Q

How many cars produced per annum in 1929?

A

4.5million

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8
Q

How many cars produced per annum in 1933?

A

1million

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9
Q

Average wage in 1929

A

$25 per week

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10
Q

Average wage in 1933

A

$17 per week

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11
Q

What did production of iron and steel fall by during the Great Depression?

A

59%

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12
Q

What was a major cause of the decline in iron and steel production?

A

less demand for automobiles

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13
Q

What did construction fall by during the Great Depression?

A

82%

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14
Q

How many hoboes in 1931?

A

1-2million

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15
Q

Why was starvation and malnutrition so widespread?

A

no social welfare system in place

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16
Q

What did the Red Cross afford to give families on a weekly basis?

A

75cents weekly

17
Q

How many Americans had any form of unemployment insurance?

A

only 1,000

18
Q

How many Americans had any sort of old age pension?

A

36,000

19
Q

In 1932 what percentage of the population had no form of income whatsoever?

A

28%

20
Q

What weather phenomenon hit farmers in 1930-31?

A

Dust Bowl

21
Q

Which farmers suffered most due to the Dust Bowl?

A

farmers of the south

22
Q

What did farmers in the north suffer from?

A

falling prices of meat / livestock - people couldn’t afford

23
Q

What happened to much livestock?

A

slaughtered

24
Q

Why was much livestock slaughtered?

A

too expensive to transport to market

25
Q

What % of farmers went bust / were foreclosed upon during the Great Depression?

A

77%

26
Q

What was notable about social unrest in the USA during the Great Depression?

A

No social revolution (unlike much of Europe)

USA (33 decks)

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