Groups Affected by the Great Depression Flashcards

1
Q

What group was hit hardest?

A

People in agriculture

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2
Q

Why did banks try to seize farmers’ homes?

A

They were unable to pay mortgages

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3
Q

What happened when sheriffs came to take the land of farmers?

A

They were often met with angry farmers with pitchforks and hangmans’ nooses

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4
Q

What did farmers barricade to protect themselves?

A

Highways

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5
Q

How many farmers were evicted?

A

1 in 20

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6
Q

What were farmers who left Oklahoma labelled?

A

Okies

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7
Q

Where did most farmers go?

A

California down Route 66

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8
Q

What did over-farmed land in the central states turn into?

A

Dustbowls

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9
Q

What were dustbowls?

A

Infertile land that was useless for farming

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10
Q

Why were farmers forced to slaughter livestock?

A

The price for animals was lower than the cost of transporting them to market

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11
Q

What did total farm income fall to?

A

From $13 billion to $5 billion

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12
Q

What % did industrial and farm production fall by?

A

40%

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13
Q

What % did wages fall by?

A

60%

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14
Q

How many people were being made unemployed each day?

A

12,000

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15
Q

What did some men do to get temporary employment as firefighters?

A

Set fire to forests

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16
Q

Where did the homeless go at night?

A

Parks like Central Park

17
Q

What were Hoovervilles?

A

Shantytowns were people were forced to live

18
Q

What were Hoover blankets?

A

Newspapers the homeless slept under

19
Q

Where did people go to try and scrape together a meal from leftovers?

A

Rubbish tips

20
Q

How many people were admitted to hospital in 1931 from malnutrition or starvation?

A

238

21
Q

How many of the 238 people admitted to hospital for malnutrition or starvation died?

A

45

22
Q

Why did the rich lose the most?

A

They had invested the most

23
Q

How much did Rockefeller lose?

A

$160 million

24
Q

How much did Winston Churchill lose?

A

$500,000

25
Q

Why did investors go bankrupt?

A

They were unable to pay back loans to the banks and insurance companies

26
Q

Why did banks go bankrupt?

A

They had bought shares

27
Q

What did Hoover promise?

A

“Prosperity is just around the corner”

28
Q

What did Hoover cut to stimulate buying?

A

Taxes

29
Q

Why did businessmen go bankrupt?

A

They had taken out huge loans to expand their businesses but couldn’t afford to pay back loans after the Wall Street Crash

30
Q

When did the Bank of USA in New York fail?

A

December 1930

31
Q

How many investors did the Bank of USA have when it went bankrupt in December 1930?

A

400,000

32
Q

How many banks closed during the depression?

A

10,000

33
Q

How much was withdrawn and stored at home?

A

$1 billion

34
Q

Why did people withdraw money and store it at home?

A

Investors no longer trusted banks that had lost their money

35
Q

What did businesses cut?

A

Production, employment of workers, wages

36
Q

How many companies went bankrupt?

A

100,000

37
Q

What did US international trade fall from?

A

$10 billion to $3 billion

38
Q

How many committed suicide in one year?

A

23,000