Great Depression Flashcards
1
Q
Farmers (rural)
A
- 1/20 evicted
- Income fell $13 to $5 billion
- Dustbowls
- Forced to kill livestock
2
Q
Workers
A
- Industrial & farm production fell by 40%
- Wages fell by 60%
- 12,000 unemployed everyday
- 23,000 commit suicide in 1 year
3
Q
Urban workers
A
- 1932 Cleveland 50% unemployed
Toledo 80% - Hoovervilles grew
- 1931 - 45 died from starvation
4
Q
Shareholders/ rich
A
- Rockerfeller lost $160 million
- Winston $500k
- 10k banks closed
- 100k companies bankrupt
- $1 billion withdrawn
- Us international trade fell $10 to $3 billion