Great Depression Flashcards
1
Q
What was the date of the Wall Street crash?
A
Tuesday, 29th October 1929
2
Q
Between 1929-32 how much did exports and industrial production decrease?
A
Exports down 61%
Industrial production down 58%
3
Q
How many unemployed in 1932?
Why doesn’t this reflect the true scale of crisis?
A
1/3 workers registered as unemployed
Many redundant workers did not register, true unemployment is estimated to be as high as 8 million
