GREAT DEPRESSION + ITS IMPACTS Flashcards
WHEN did the Wall Street stock market collapse?
October 1929
By HOW MUCH did world trade fall by during the Great Depression?
By more than 60% in 1930
To WHAT extent was the Great Depression caused by the Wall Street Crash (US)?
The Wall Street Crash did caused a global drop in demand but some economists argue that the US GDP was already falling before 1929
WHAT was the German government’s response to the Great Depression?
- The Reichsbank was forbid from printing more money (to prevent inflation)
- The government cut spending
- Bruning sought protectionism and raised the costs of imports
By WHAT proportion were war pensions cut by during the Great Depression?
1/3
HOW MANY businesses in industry went bankrupt during the years 1930-1932?
50,000
HOW MANY were unemployed in 1929, 1930 and 1933?
1929: 1.6 million
1930: 3 million
1933: 6 million
HOW MANY were unemployed in 1929?
1.6 million
HOW MANY were unemployed in 1930?
3 million
HOW MANY were unemployed in 1933?
6 million
WHY might the unemployment figures during the economic depression be inaccurate?
Many redundant workers, particularly women, were not registered as unemployed.
WHAT is the estimate for the true number of unemployed in 1933?
8 million, not 6 million
WHAT proportion of the German working force was unemployed in 1933?
1/3
By WHAT percentage did national incomes drop by in Germany 1932 compared to 1929?
By 39%
WHAT is an example of an industrial area which was affected very badly by the depression?
Thungria
WHY was there great recalling of investment from Germany in 1930?
It was at least partly due to the gains extremist parties made in the national elections (and due to the economic depression)