GD impacts

Question 1

International trade

Answer 1

$10 billion 1929 to $3 billion 1932
Tariffs on imports to protect American businesses
Protectionism

Question 2

Homelessness

Answer 2

1 million people homeless 1931
Hoovervilles; shanty towns, poor conditions
1931: 45 people die of starvation in New York

Question 3

Unemployment

Answer 3

80% in Toledo, Ohio
50% in Cleveland, Ohio (manufacturing state)
25% unemployment by 1933, over 4 million workers

Question 4

Widespread poverty

Answer 4

Wages fell by 60%
Farm and industrial production fell by 40%
total farm income lost $5 billion
GNP drops 50%
Ford loses $75 million, Rockerfeller 80% of his wealth

Question 5

Migration

Answer 5

Massive migration to California
From Dustbowl; uninhabitable, soil is dust due to overproduction

Question 6

Republican Inaction

Answer 6

‘Rugged-individualism’ , no gov intervention
Popularity of Hoover plummets
Political violence: 20,000 WW1 veterans demand $2 Billion 1932, put down by gov
Blocked Wagner-Garner relief bill