How Were Individual Groups Affected By The Depression

Question 1

List three affects the depression had on farmers?

Answer 1

In 1933 farm income dropped 60%

Goods farmers bought only dropped 15% so they couldn’t afford what they needed

Many had to sell up as couldn’t afford to pay loans back to banks

By 1933 approx 1 million were travelling round America looking for work

Question 2

List three affects the depression had on bankers?

Answer 2

Many banks shut down so bankers lost their jobs
Banks tried to recover money from companies they had leant it to leading to higher unemployment
Many banks closed so little opportunity for other jobs

Question 3

List three affects the depression had on company owners and businesses?

Answer 3

Over 100000 companies bankrupt between 1929 and 1933 forced to close
Companies carried out pay cuts $28 -$22 over three years
Had to pay back loans causing bankrupt

Question 4

List three ways in which urban workers were affected by the depression?

Answer 4

25% of work force unemployed
By 1933 production of goods was 1/5 of the level it was before the crash
Unemployment in cities particularly high between heavy industry workers and blacks

Question 5

What affect did the depression have on homelessness?

Answer 5

Many could not afford to keep their homes

Shanty towns created called Hoover-villes