how businessmen were affected by the bust Flashcards
1
Q
what happened to which bank in 1930?
A
bank of USA in new york
failed with 400,000 investors
2
Q
how many banks closed during depression?
A
10,000
3
Q
how much money did people keep instead of spending it and why?
A
$1 billion
investors no longer trusted banks
4
Q
how many companies went bankrupt?
A
100,000
5
Q
what did US international trade fall from and to?
A
$10 billion to $3 billion
6
Q
how many committed suicide in one year?
A
23,000 (the highest ever)
