Effects of the Great Depression

Question 1

Name at least 2 effects of the Great Depression in USA in 1929-33.

Answer 1

• Companies went bankrupt (industrial production declined)
• People lost millions (some committed suicide)
• Banks lost money and recalled loans - some banks closed down
• Unemployment increased dramatically/ people became -Homeless (homes repossessed or unable to pay rent)
• Farmers income dropped (farms repossessed)
• Soup kitchens and breadlines

Question 2

How many companies went bankrupt between 1929-33?

Answer 2

100,000

Question 3

What was unemployment by 1932?

Answer 3

12 million

Question 4

By 1933, production of manufactured goods had dropped by what percentage compared with before the Depression?

Answer 4

More than 80%

Question 5

Why did banks suffer so badly after the Wall street Crash?

Answer 5

Invested customer’s money on the stock market. Banks recalled business loans

Question 6

The weekly wage in manufacturing dropped from $28 in 1929 to what by 1932?

Answer 6

$22 (dropped even more by 1933)

Question 7

Compared with 1929, how much had farmers incomes dropped by (%) by 1933?

Answer 7

60%

Question 8

What name was given to the severe dust storms that had been caused by drought and over farming of land in the early 1930s?

Answer 8

Dust Bowl

Question 9

What were shanty towns built by the homeless on the edge of towns called?

Answer 9

Hoovervilles

Question 10

By 1933 approximately how many people were travelling around America searching for work, many travelled illegally on the railways?

Answer 10

1 million