Great Depression Flashcards
When did the Great Depression begin?
It began in the United States in 1929
When did the Great Depression end?
1939
What was the unemployment rate in New Zealand during the Great Depression?
30%
What was the unemployment rate in the USA during the Great Depression?
25%
What was the unemployment rate in the United Kingdom during the Great Depression?
22%
What was the unemployment rate in Australia during the Great Depression?
32%
What resource dropped in price the most during the Great Depression and by how much?
Wool, by 60%
How much did export prices drop in 2 years?
45%
What percent did export prices drop by in 3 years?
40%
Why did the Impact spread from the US to Europe and then to the rest of the world?
This was a result of the close interconnections between the United States and other economies after the First World War.
What happened on Black Thursday
It was the first day of the Stock Market crash