Great Depression Flashcards
1
Q
Stock market crashed when
A
October 29, 1929
2
Q
Reaction of Consumers
A
Didn’t buy luxuries and put money in banks.
3
Q
Run on Banks and why?
A
Withdrawal all money, as money was not insured then.
4
Q
Unemployment Rate
A
25%
5
Q
Workers pay and hours were
A
CUT
6
Q
Schools reacted by
A
Closing
7
Q
In Virginia, people bathed in the __________.
A
James River
8
Q
Were a large portion invested in stock market?
A
Absolutely not
9
Q
Why were there bread lines?
A
Absence of welfare programs.
10
Q
Before depression what welfare program? How much a month?
A
Mother’s pensions ($11)
