Effects of the Great Depression Flashcards
By 1933 how many American banks had closed
10,000
What was average growth rate during 1920s?
6.7%
What was average growth rate in 1932?
-14%
What was the value of goods produced in the USA in 1929?
$104billion
What was the value of goods produced in 1932?
$59billion
What % was production in 1932 compared to 1929?
50%
How many cars produced per annum in 1929?
4.5million
How many cars produced per annum in 1933?
1million
Average wage in 1929
$25 per week
Average wage in 1933
$17 per week
What did production of iron and steel fall by during the Great Depression?
59%
What was a major cause of the decline in iron and steel production?
less demand for automobiles
What did construction fall by during the Great Depression?
82%
How many hoboes in 1931?
1-2million
Why was starvation and malnutrition so widespread?
no social welfare system in place
What did the Red Cross afford to give families on a weekly basis?
75cents weekly
How many Americans had any form of unemployment insurance?
only 1,000
How many Americans had any sort of old age pension?
36,000
In 1932 what percentage of the population had no form of income whatsoever?
28%
What weather phenomenon hit farmers in 1930-31?
Dust Bowl
Which farmers suffered most due to the Dust Bowl?
farmers of the south
What did farmers in the north suffer from?
falling prices of meat / livestock - people couldn’t afford
What happened to much livestock?
slaughtered
Why was much livestock slaughtered?
too expensive to transport to market
What % of farmers went bust / were foreclosed upon during the Great Depression?
77%
What was notable about social unrest in the USA during the Great Depression?
No social revolution (unlike much of Europe)
